March 12, 2017
Host: Bill Black.
Minda Wilson discusses health care legislation and its effects on small businesses and their employees.
Bill: There are some health care penalties coming up for 2015, what will they be and how will they effect small businesses?
Minda: Starting after the first of the year, if you have more than 50 full time equivalent employees, 50 or more, you're going to have to offer insurance to your employees. And the thing that most small businesses don't realize is that that means full time equivalent is calculated by adding up all the hours that your part time people work. And generally I advise people if you're 49, 48, you probably still should look into providing insurance because they do count overtime.
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