Posts Tagged - ‘tax credits’

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Small Group Health Insurance Tax Credits Coming Soon

Tuesday, March 23rd, 2010

(Image: Search Engine People Blog under CC 3.0)

Group health insurance will be immediately impacted by the recently passed healthcare reform bill. Specifically, there are now tax benefits intended for small businesses to provide health coverage for their employees.

Here’s how it works: Companies with under 50 employees and an average wage of under $50,000 will receive tax credits. The credits will be for a portion of the health insurance premiums they pay for employees, up to 35% or even 50 percent.

Eligible businesses can receive these credits against their tax obligations for 2009 and 2010.

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