Small business owners: Reduce your health care premiums
Did you know your business might be able to reduce its health care premiums by up to 35 percent?
Under the health care reform law, the U.S. government will provide a small business health care tax credit to some small businesses that pay at least 50 percent of their employees' health insurance premiums.
Small business owners: Reduce your health care premiums
How will health care reform affect your business?
There are several financial implications of the health care legislation on your business:
- Small business health care premium credit
- Requirements to provide coverage for employees in 2014
- Penalties for not providing coverage in 2014
- Excise taxes on high-cost health care plans n 2018
There's also a great opportunity to lower health care costs. Small businesses may be eligible for a tax credit that pays at least 50 percent of employee premiums. Read our reform alerts or visit HealthcareReformBasics.com to learn more about the small business health care tax credit.