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Has anyone successfully navigated ObamaCare?
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<blockquote data-quote="Signorina" data-source="post: 613728"><p>Our problem is that we employee 23 or so part time workers and "x amount" of part time workers will equal the equivalent of 1 full time worker. So, our 23 part timers will easily turn into 8 full timers if not 13 full timers...</p><p></p><p>We are still trying to figure that out. Since we don't renew until 2/1 it's on our agent's back burner. For the purpose of the health care tax credit - we have 32 equivalent full time workers. I swear between the benefits administration, keeping the software/hardware up to date, PCI and the OSHA regulations, and tax forms/mandated notification, we spend way too much time & resources on managing this stuff instead of managing and growing our primary business aka generating OFFSETTING REVENUE. Half the time I feel like we are working for our Point of Sale software instead of our software working for us... it's making me crazy lately.</p><p></p><p>Nancy, in IL an aggregate owner (defined by the IRS, generally more than a 5% owner or a first degree relative of a 5% owner) is not treated as an employee for the purpose of benefits. So in our business, we can decline the health insurance for instance because technically we are an employer and not an employee. Works the same for our 401K matches - we do not match our own contributions.</p></blockquote><p></p>
[QUOTE="Signorina, post: 613728"] Our problem is that we employee 23 or so part time workers and "x amount" of part time workers will equal the equivalent of 1 full time worker. So, our 23 part timers will easily turn into 8 full timers if not 13 full timers... We are still trying to figure that out. Since we don't renew until 2/1 it's on our agent's back burner. For the purpose of the health care tax credit - we have 32 equivalent full time workers. I swear between the benefits administration, keeping the software/hardware up to date, PCI and the OSHA regulations, and tax forms/mandated notification, we spend way too much time & resources on managing this stuff instead of managing and growing our primary business aka generating OFFSETTING REVENUE. Half the time I feel like we are working for our Point of Sale software instead of our software working for us... it's making me crazy lately. Nancy, in IL an aggregate owner (defined by the IRS, generally more than a 5% owner or a first degree relative of a 5% owner) is not treated as an employee for the purpose of benefits. So in our business, we can decline the health insurance for instance because technically we are an employer and not an employee. Works the same for our 401K matches - we do not match our own contributions. [/QUOTE]
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Has anyone successfully navigated ObamaCare?
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