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Small-Business Owners Expect Their Healthcare Plans to Cost More Next Year, Survey Finds
Wednesday, April 10, 2013 7:00 AM

Under the Affordable Care Act, employers with 50 or more full-time workers will be required to provide coverage for employees who work an average of 30 or more hours a week in a given month. An alternative to that mandate is for business owners to pay a $2,000 penalty for each full-time worker over a 30-employee threshold.

According to Rick Grady, TCUL vice president of research, on average, a Texas credit union has 35 employees, with the median being seven employees.

Reportedly, nearly half (46 percent) of 889 small-business owners surveyed by The Wall Street Journal and Vistage International say they don't know if providing health insurance will be more or less costly than facing penalties. More than three quarters (77 percent) polled online from March 11 to March 20, expect their health-care plans to cost more next year under the health-care law.

A February survey by the National Small Business Association finds that among 400 employers with 50 workers or more, 71 percent said they plan to continue offering health insurance while just 3 percent said they plan to pay the penalty.