Healthcare Reform

Small Business Tax Credit

Under the Patient Protection and Affordable Care Act small businesses that choose to provide health insurance could be eligible for a credit toward their cost of the insurance. To be eligible, small employers would have to contribute at least 50% of the cost of premiums of a qualified health plan. A small business with 10 or fewer full-time employees with average taxable wages of $25,000 or less could claim the full credit. A tiered credit is available for small employers with 11-25 full-time employees with workers making up to $50,000 annually.

Contact Michael Marks Insurance Agency today to receive a copy of our tax credit calculator to see if you qualify for this credit!

Health Care Reform Timeline

The new healthcare reform law passed March 23, 2010 will be implemented over much of the next decade. Click on the link below to review implementation dates of some of the major provisions of the law.

Healthcare Reform Timeline Revised Nov 2010 2010 (pdf Download)