SMALL BUSINESS HEALTHCARE TAX CREDIT

If you have <50 employees, the ACA does not require that you provide health insurance, but it does offer tax credits of up to 35% for eligible small businesses that choose to provide insurance to their employees for the first time or maintain the coverage they already have. To qualify businesses must –

  1. Fewer than 25 full-time equivalent employees
  2. Pay average annual wages below $50,000,
  3. Contribute 50% or more toward your employees’ self-only health insurance premiums.

In 2014, this tax credit goes up to 50% and is available to qualified small businesses that purchase coverage in the Small Business Health Options Program (SHOP) Marketplace.

 

DO YOU QUALIFY FOR A TAX CREDIT? FOUR EASY STEPS TO FIND YOUR CREDIT

Small Business Tax Calculator copy

Schedule a consultation to learn more about offering health insurance to your employees. Call toll-free 855-533-1776 or schedule online

 

Group Health Insurance Application copyAssurant PortfolioOptimed Standard

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