Beauty Store Business

JUN 2013

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Here are some ins and outs of health-insurance reform and its effects on your bottom line. THE FEDERAL AFFORDABLE CARE ACT COMES AT A TIME of rising health-insurance costs for small business owners. Annual premiums for employer-provided family coverage grew to just under $16,000 in 2012—a rate some 4% higher than 2011, according to a report from the Kaiser Family Foundation (kff.org). Will the new federal law help put a cap on rates? If you have 50 or fewer employees, you have a good chance of turning the new federal law to your advantage. "Generally speaking, the law is more favorable to smaller businesses," says Shawn Nowicki, director of health policy at Northeast Business Group on Health (nebgh.org), a coalition of 175 employers, unions and healthcare providers. Nowicki points to a number of advantages geared toward the smaller operators. These include competitive statewide insurance exchanges, premium reform and tax credits. Continued on page 40 36 June 2013 | beautystorebusiness.com Thinkstock.com by Phillip M. Perry

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