Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
Roofers association urges employers to prepare for Affordable Care Act
Deadline for larger companies is 2015; smaller companies have until 2016
The National Roofing Contractors Association urged its members to begin preparing for the employer mandate provision of the Affordable Care Act (ACA). Certain employers will be required to offer qualified health insurance to employees or pay a penalty to the Internal Revenue Service (IRS). Generally, businesses with 50-99 full-time employees have until Jan. 1, 2016, to comply with the law's requirements. Also, under a new regulation, beginning Jan. 1, 2015, businesses with 100 or more full-time employees will be required to offer ACA-compliant health coverage to at least 70 percent of their full-time employees to avoid the penalty.