SBA Launches New Web Tool to Educate Business Owners about the Affordable Care Act

The Small Business Administration recently announced the release of new an online health care tool designed to help small business owners find out exactly what they and their employees need to know about the Affordable Care Act.

Depending on the size of the business, different provisions of the Affordable Care Act may apply. Knowing which parts apply is important information small business owners need to know in order to make any business decision.

The tool uses various prompts including the business’s location, size, and whether they currently offer insurance to connect them with the resources they need from the Small Business Administration (SBA), the Department of Health and Human Services, the Department of Treasury, and other federal partners. For example, if the small business is in Oregon and has 35 full-time employees, already offers insurance, and wants to continue the existing coverage, the health care tool can provide the best resources and information available.

In a few quick steps, the streamlined tool can help small business owners understand what they need to know about new insurance options and other health care changes as well as find health care-related resources that are relevant to their business.

Credit unions can visit the new tool at http://business.usa.gov/healthcare.

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Compliance.