Secret Site Map
Sunday, October 26, 2014

Home News Obama Seeks to Reassure Small Business on Health Care

Obama Seeks to Reassure Small Business on Health Care

Employee Management

Under the new health care law, companies with more than 50 employees will be required to pay a fee of $2,000 per worker if they do not provide coverage and any employee receives federal health care subsidies.

| April 1, 2010

WASHINGTON - President Obama will seek to reassure the small-business community during a brief trip to Maine, a politically friendly state he carried by nearly 20 points in the 2008 general election. While in New England, he will also make a quick stop in Massachusetts for a couple of Democratic National Committee fundraisers.

Under the new health care law, companies with more than 50 employees will be required to pay a fee of $2,000 per worker if they do not provide coverage and any employee receives federal health care subsidies. The first 30 workers are deducted from the overall cost calculation.

Small businesses, however, are immediately eligible for a tax credit covering 35 percent of the premiums paid to help cover their workers. The credit is set to expand to 50 percent of premium costs in 2014. Firms can claim the credit between 2010 and 2013, and for any two years beyond that point.

In order to qualify for the credit, a company needs to have fewer than the equivalent of 25 full-time workers, according to the administration. It must also pay average annual wages under $50,000 and cover at least 50 percent of its workers' health care coverage.

Click here to read the entire article.

Source: CNN.com

Top news

ScottsMiracle-Gro Signs Definitive Agreement to Acquire Action Pest Control

The Scotts Miracle-Gro Company announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Evansville Ind., which ranked 56th on the 2014 PCT Top 100 list, with annual revenues of $11.6 million. The transaction, which is expected to close by January 2015, would mark Scotts’ first acquisition of a structural pest control business.

NPMA Pinnacle Award Presented to Tom Fortson

Fortson, longtime president of Terminix Service, Columbia, S.C., was announced as recipient of the NPMA Pinnacle Award, NPMA’s highest honor.

NPMA Looks to the Future During PestWorld Opening Ceremony

More than 3,000 industry professionals from 80-plus countries have traveled to Orlando, Fla., for PestWorld ’14. The Opening Ceremony, sponsored by Bayer, featured musical act Rhythm Extreme.

Slideshow: PestWorld 2014

Photos taken by the PCT staff from the first few days of NPMA PestWorld 2014

Convention Q&A: Billy Tesh

PCT Editor Jodi Dorsch sat down with the NPMA president to learn more about the association's new initiatives, rapid changes that are occuring and the future of NPMA — including its search for a new EVP.

x