How can I get help paying for my employees' coverage?
If you’re a small business owner, you may be eligible for a tax credit.
You can earn a tax credit of up to 35 percent if you:
- Have fewer than 25 full-time employees (or the equivalent of 25 full-time employees)
- Pay an average wage of less than $50,000 a year per employee
- Pay at least half of your employees’ health insurance premiums
Tax-exempt small businesses, such as charities, are eligible too. They can receive a tax credit of up to 25 percent.
You can read more details about the small business health care tax credit on the IRS website.