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Small businesses out there Tuesday October 1 and that's your deadline that's when Americans can start enrolling in the new health care exchange is.
There aren't -- you need to do in the next couple of days get real -- foxbusiness.com.
It's gonna tell you.
The first thing you're gonna say tell your workers about it right yeah that's symbol but that confusing it.
It's very simple but you actually need to do -- it's not just he should failure -- -- that he entrants are opened its mandated by law.
There is some confusion about whether there were actually be a penalty if businesses think by and the FDA clarified earlier this month there will be no 100 dollar today.
Penalty but it is a lot satellite spoke with Tom Hart at the national association of health underwriters -- and he said the Department of Labor is known.
For sort of changing the rules retroactively said definitely -- -- notify carefully put a lot of small businesses with stable when it sent letters to post Wednesday.
So there -- -- new model letters.
Yeah offered by the Department of Labor one if you offered their employees health insurance and the other if you don't mean you can also write your own letter but.
You have to follow -- -- informed let your in -- now that the health sciences will be up and got it.
-- you can also email those notices but then a small businesses with fifty or fewer employees they can.
Not use the health exchanges for a little bit cracked fifty or fewer you pack.
You can enter into -- small.
Health options program exchanges the shop is in the shop exchanges and you can look around for plant.
So if you're fifty or fewer employees you can go into these and compare and contrast I think these are the insurance exchanges.
That are opening on things that you cannot -- -- off.
The exchanges as well but.
You get this sense what are the plans out there -- and what your options are now what haven't made -- decide to feel confident in the midst of this implementation of the Affordable Care Act.
He's set to grow your business I don't think that's going to be common but it might happen -- and you go from 45 to 52 and yes what happens then if you've already been using the exchange and you grow about the fifty employee fractional and you can actually continue to use the state can so that's pretty -- -- There at.
Businesses don't need to worry about getting kicked off the exchange if they've already used it.
And -- when he sixteen.
Businesses with 100 or fewer employees will actually be able to use the exchanges of flat -- and 2016 to me seems like the year when we're gonna say -- we kind of figured out obamacare.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And Kevin bombing has been under legislative affairs for the National Federation of Independent Business.
Tuesday will be a big day because we'll be able to see what the rollout.
Actually looks like whether these exchanges work on line there and technical glitches and there -- a lot and -- between now and when sixteen.
In which we'll see what the implementation really.
Looks like OK and then finally it and a lot of small businesses might be asking what if -- operate in several states.
So if you operate in several states you do have options you can -- -- offer employees plans through the exchange in the state where your business -- Mainly located a brain can offer plans that are offered through the exchange.
This state for your employees let.
So that's an interesting.
Option for businesses that are multi state operators.
One really important thing that I do want to point out here is if you -- your plan and you don't want to change it.
But let's say you're -- -- all.
Happened in January you can choose the option to -- -- your plan currently.
This fall so that the affects of obamacare a little -- mitigated for at least one year impacted by Sofia thank you -- -- all of this written nicely by you in an article up on our web -- finding small businesses need to -- About a obamacare before it can one get Carol thank you so much -- -- everybody for watching small business Wednesday we'll see you tomorrow again alliance and in any have a great day.
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