Issue link: http://www.insightdigital.biz/i/489016
w w w . i n s i g h t o n b u s i n e s s . c o m A p r i l 2 0 15 • I NSIGH T | 29 I N S I G H T O N H E A L T H I N S U R A N C E B y N i k k i K a l l i o I f you own a large company, you're already required to provide your employees health coverage that's compliant with the Affordable Health Care Act. If you weren't ready to do it by January, you'll have to get ready to pay a fine. It's a big change, to say the least, and the changes aren't done yet. ACA compliance currently affects businesses with more than 100 provide insurance, but many do to stay competitive with larger employers, says Chris Hanson, owner of Hanson Benefits in Appleton. at group — those businesses with two to 50 employees who do provide health insurance to their workers — are in a transitional period allowing those employers to keep their old plans in place, essentially delaying their transition into a new Moving target Businesses of all sizes have to keep ahead of the curve when it comes to the Affordable Care Act employees. But if you own a smaller company, there are other regulations going into effect that you'll need — and want — to know about. If you own a mid-sized business, classified by the government of having between 51 and 99 employees, the employer mandate is set to go into effect for you on Jan. 1, 2016. Small businesses, those with two to 50 employees, are not required to [ c o n t i n u e d ] »