The Biggest Obamacare Fine Nobody is Talking About

Small businesses owners all across America are in Obama’s crosshairs. Courtesy of Obamacare

They’re at risk of being fined $100 a day. Per employee.

That’s $36,500 a year. Way more than most small businesses can weather.

And get this. They’re subject to this fine simply for trying to do the right thing by their employees.

If you or a family member have a small business with fewer than 50 employees, this message could save your business.

You see, what a lot of small businesses do — rather than go through the headache and reams of paperwork and excessive expense of finding a group health insurance policy — is they offer to reimburse their employees either directly for their health care expenses or for their health insurance premiums.

This is a big no-no under Obamacare.

With the passage of the Affordable Care Act, it became illegal for small business owners to assist their employees in this way.

Now, for seeking creative and affordable options that allow your employees to figure out the best health care options for their unique situations and that allow you to support them in those needs, you’ll be slapped with significant penalties. The types of penalties that drive small businesses out of business.

It’s a shame. But it’s not a surprise.

Power-hungry bureaucrats want control. And that means limiting the options of small business owners.

But you don’t have to take it sitting down. There are things you can do.

Helping Your Employees Without Bringing the Wrath of Obamacare Down on Your Business

You can’t simply continue to provide direct health care assistance to your employees without generating massive fines. But you can take a less direct approach that will still be helpful to your employees. And that will keep you on the right side of crazy Obamacare regulations.

Host a financial advisor: Consider bringing in a financial advisor to sit down with each of your employees to discuss how they can maximize their investments. That can help them protect their wealth in the face of rising health care costs.

Bring in a health care agent: Even if you cannot afford to provide group insurance to your employees, you can still help them to make good decisions about what health insurance they need to carry. Having a health care insurance agent come in to discuss options is a useful thing you can do.

Talk to your accountant: There may be creative options — like giving out bonuses your employees can add to their health savings accounts. But make sure you discuss with an accountant ahead of time what is and isn’t legal. You don’t want to get slapped with crippling fines.

It’s always a shame when government steps in to prevent citizens from helping each other. Fortunately, with a little creative thinking you can still give back without being punished.