Here are the facts about the impact Obamacare will have on your store and what you can do to start preparing now as well as compliance issues before the law is implemented on January,1,2014.As of January,1,2014, dealers with 50 or more full-time employees ( the law has re-defined "full time " as averaging 30 hours per week) must offer essential coverage and "affordable" care defined by this law. "AFFORDABLE CARE" is defined as the dealer paying at least 60% of the cost of coverage with the employee paying no more than 9.5% of his/her income (W-2). NOTE: Two part time employees which work a total of 120 hrs/month will be considered one full time employee under this law. If you employ more than 200, you will be required to enroll ALL employees in your plan.You may offer employees the opportunity to "opt out" and use the state exchange instead.   HOWEVER, a dealers penalty for failure to comply with either of these two provisions can be up to $3000 PER EMPLOYEE!!  WHAT CAN YOU DO NOW TO PREPARE ? If your dealership has received a rebate from your carrier, it is suggested that you should use it to offset future premiums. By March 2013, employers must notify employees of the existence of the "state exchange" and be able to offer eligibility information to them. Any employee earning from 133% up to 400% of poverty level ( $9500) is eligible for a federal subsidy from state formed insurance exchanges. One final thought, you may want to start formulating a future business model to address who qualifies as a "full time" employee.This law will penalize you a minimum of $2000 per new full time job created, so start planning NOW!  E-Mail me with any further info needed on this law and I will help as best I can. BRUCE