Obamacare – talk about something that is a major shift in government policy! Regardless of whether you agree with it or not, it is the law of the land. And, as pragmatic business owners, I’m sure your question is, “how does this affect me and my bottom line?” First of all, if you are seeking to buy an Obamacare policy for your employees, you are not affected by the March 31st deadline. If, however, you are a sole proprietor, different rules apply.
For those seeking a policy for your employees, Adam Bluestein discusses the different deadlines that apply to you based on the number of employees you have. For sole proprietors, sorry - today’s the deadline! EXCEPT for the 2 week extension you may qualify for. Robert Pear answers all your questions about how to get your extension, how to calculate possible penalty, how to qualify for an exemption and so much more!
