Enterprise Magazine Consults ParenteBeard Affiliate Vantagen’s Kim Wylam on Obamacare
July 19, 2022

Enterprise Magazine consulted Kim Wylam, president and managing partner of Vantagen, a ParenteBeard affiliate company dedicated to human resources and benefits consulting, on the impact of Obamacare.

The law requires employers with 50 or more full-time employees to offer their workers “affordable” and “minimum essential” health insurance policies. Employers can opt out of the mandate under the United States Affordable Health Care Act, but they must pay a penalty tax.

According to Ms. Wylam, many companies are currently working to determine if they have the 50 or more full-time employees that subjects them to the law. The companies are still learning what the law defines as a full-time employee.

“A full-time position is typically defined as 30 hours per week. But questions arise for industries that are seasonal, such as holiday or summer employees who work for just a few months a year,” said Ms. Wylam.

Despite the uncertainty, Ms. Wylam reports that many of her client businesses are renewing their current coverage so that they are not viewed as “the company paying the penalty.”

More on Ms. Wylam’s insights on Obamacare’s impact on businesses.