FARM BUSINESS NEWS
Health Care Fallout
Marcia Zarley Taylor DTN Executive Editor
Fri Jan 31, 2014 10:56 AM CST

KANSAS CITY (DTN) -- What farmers and other small employers don't know about the Affordable Care Act could hurt them. Small businesses aren't required to offer health insurance under ACA, but they could face massive fines starting in 2014 if they offer to reimburse employees' individual expenses with pre-tax dollars. For example:

-- Until an agricultural meeting last week, Greg, a seed corn grower with 10 employees, had been under the false impression that the ACA's employer mandates didn't affect him. He currently pays employees a flat $5,000 pre-tax in a Medical Reimbursement Plan to cover health costs, such as ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Competing for Dollars Beef has some catching up to do, but there is opportunity ahead.
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • $3 Corn Subdues Bids March auctions show cash rent shocks could mount in 2016.
  • Nutrients Ruling A federal appeals court Tuesday ruled that a lower court could not order EPA to make a decision o...
  • West, Texas: 2 Years Later - 1 Two years after the ammonium nitrate explosion at West Fertilizer Co. in West, Texas, state offic...
  • West, Texas: 2 Years Later - 2 While federal and state governments did not mandate more regulations when it comes to storing fer...
  • Ask the Vet The vet says my cow has anaplaz, which I've never heard of before. What is it?
Related News Stories
Minding Ag's Business
Minding Ag's Business
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Klinefelter: By the Numbers
Port of Portland Loses More Business
Woodbury: Family Business Matters