The federal government launched a website which will provide employers of all sizes educational materials on how the Affordable Care Act may affect businesses and help them compete.
The site, Business.USA.gov/healthcare, includes a wizard tool that is tailored based on size and location, so businesses can learn how the law helps them provide affordable coverage options to their employees while still meeting their bottom line. The site will act as a user-friendly hub that connects employers to informational content on tax credits and other provisions of the law from the Small Business Administration, the Department of Health and Human Services, and the Treasury Department.
“As the Affordable Care Act is implemented, it is so important for us to work with the business community and provide employers with the information they need,” said U.S. Commerce Secretary Penny Pritzker. “The health care website on Business.USA.gov/healthcare will be a tremendous resource for self-employed Americans and businesses of all sizes to learn what the Affordable Care Act means for them.”
Many parts of the Affordable Care Act, which was signed into law in March, 2010, are already in effect, including new consumer protections, and improvements to health care coverage that ensure consumers get more value for their premium dollars.
Additional benefits will take effect in late 2013 and beyond. Starting Oct. 1, individuals, including those who are self-employed, and small businesses looking for a better plan, will have a new way to shop for private health insurance through the Health Insurance Marketplace and the Small Business Health Options Program found at HealthCare.gov. Individuals may be eligible for lower costs on their monthly premiums and self-employed individuals and small businesses may be eligible for tax credits to help with the costs of coverage.
“It’s important for small business owners to know the facts about the Affordable Care Act and Business.USA.gov/healthcare delivers resources and need-to-know information through one streamlined tool,” said SBA Administrator Karen Mills. “This Website will prove to be an invaluable resource for small employers to learn how the law is ushering in better options for them and their employees.”