New Health Care Laws To Have Impact On Small Business

By: Lauren Squires Email
By: Lauren Squires Email

We've brought you the story of a fast food employee who had hours cut because of the health care law. But small business owners also have a perceptive on the new law.

“We have 37 people here, of those 12 are full time,” said Tim Peffer.

That’s how many people he employs at Sgt. Peffer's in Omaha. As a small business owner he faces a lot of challenges.

“I’m responsible to everybody that works here and to my family and their family,” said Peffer.

Thankfully, for him, the new affordable health care law hasn't effect him yet.

“This is a difficult law to understand because it unfolds as we go,” said Peffer.

He has fewer than 50 employees and isn't required to provide health insurance for people who work 32-38 hours a week. He still offers health insurance to his full time employees. But that’s not the case for anyone who employs more than 50 people.

Any small business employing more than 50 people can pay for health insurance, refuse and pay penalties or rearrange schedules so they don't have too many full time employees. Any decision would be obeying the law, none are easy.

“It's just like any other cost in the business. Utility cost continue to rise, insurance costs continue to rise. So to have this dumped on us especially when the economy is weak,” said Peffer.

For the time being, nothing will change at Sgt. Peffer’s but he has advice for anyone who's already gotten their hours cut.

“If I was on the employee side of it I’d probably get another job,” said Peffer’s.

Peffer says since the affordable health care law is spread out over a few years many small businesses won't see the effects until 2014. That is when everyone is required to have health insurance and many employees will look to employers for help.

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