By Donna Fuscaldo in U.S. News & World Report
January 6, 2016
Obamacare has brought a lot of change to small business owners, and many can expect more of that in 2016. Since the Affordable Care Act was enacted three years ago, there have been several changes to the law, requiring small business owners to stay nimble when it comes to remaining compliant.
For the new year, more small business owners will have to offer coverage, while all small- and medium-sized enterprises will see an uptick in the paperwork required to stay in compliance. The cost to insure will also be on the rise in certain areas, all of which spells bad news for small business owners already struggling to navigate an ever-changing Obamacare.
“Small businesses should expect the unexpected,” says Barry Sloane, president and chief executive of Newtek Business Services Inc. of New York. “Plan as best as you can, because the act is constantly changing.”
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