JOPLIN, MO.--- The University of Missouri Extension gives an overview of the Affordable Care Act and how it affects businesses. Participants basically learned how to make better planning decisions, from determining whether you have a small or large business to learning tax credit eligibility.
"The law defines a full time employee as 30 hours per week, so the calculation to determine whether you're a large or small employer under the law is different than what people might expect," said Kathy MaComber, MU Extension Community Development Specialist.
Kathy MaComber is the community development specialist with University of Missouri Extension out of Barton County. She says understanding the shared responsibility payment gives you the tools to determine the most cost effective health care decisions for your business and your employees.
"To take a look at whether or not recruitment and retention of employees would be helped by offering health insurance," said MaComber.
Barbara Bilton is the executive director for the Joplin Community Clinic. Bilton believes she is fairly knowledgeable of the law and its regulations, but she wants to stay informed about the ACA so she can help protect herself and her employees.
"The law is changing so fast and so quickly in so many different ways, that I think it's important to stay up on the law and just try to stay ahead of the curve," said Barbara Bilton, Joplin Community Clinic Executive Director.
She says even though she runs a small business she's responsible for many people and her ACA knowledge affects various individuals.
"So it's important for me to stay ahead of what their questions are, be able to answer their questions, and know what's coming down the road for not only my staff, but the patients who are coming to see us at the Community Clinic," said Bilton.
MU Extension's Health Insurance Education Initiative provides resources for the state's small businesses. For more information on how you can learn more about the Affordable Care Act, click here.
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