Penalties for Small Business With 10 or Less Employees?



We are a small business and do not provide health insurance for our employees – are we subject to any penalties? We wish we could provide but do not have the funds to do so. Your help is appreciated.

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I am a part time employee, start date 7/2012, 15 hrs week, now hours reduced to approximately 10-15 hours weekly. Can my employer offer me insurance. Is their any assistance available?

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Employers can offer insurance to part-time employees, but it is not mandated. If your employer offers coverage and it is “affordable” (defined here https://www.healthcare.gov/glossary/affordable-coverage/), then you would take that. If you don’t get offered that, assistance is based on “MAGI” income for the year (https://www.healthcare.gov/glossary/modified-adjusted-gross-income-magi/).

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