True or false? Small businesses with fewer than 50 full-time employees are exempt from the Affordable Care Act’s mandate to provide employees with health insurance.
Technically, the statement is true. However, businesses may need to hire a tax attorney to determine if they’re really a small business. Under Obamacare, several businesses that share an owner are treated as a single employer, according to J.D. Harrison for the Washington Post. That means owners of multiple businesses have more heads to count, and if the tally reaches 50 full-time employees, each business must provide health insurance, J.D. Harrison writes.
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