Phone 1-800-220-8006 Espanol
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Flood Insurance FLOOD

Browse a variety of insurance options in order to find the right one for you.

Read More
Life & Health Insurance LIFE & HEALTH

Learn about different health coverage options that fit your specific needs.

Read More
Bonds BONDS

Finding insurance doesn't have to be difficult. We do the work for you.

Read More

Many small businesses and tax-exempt organizations that provide health insurance coverage to

their employees now qualify for a special tax credit under the recently enacted health reform

legislation, the Patient Protection and Affordable Care Act and Health Care and Education

Reconciliation Act.

 

 

The credit is designed to encourage small employers to offer health insurance coverage for the

first time or maintain coverage they already have. In general, the credit is available to small

employers that pay at least half the cost of Single coverage for their employees. Such employers

must also meet certain firm size and wage requirements. The maximum credit is 35 percent of

premiums paid in 2010 by eligible small business employers and 25 percent of premiums paid by

eligible employers that are tax-exempt organizations. In 2014, this maximum credit increases to

50 percent of premiums paid by eligible small business employers and 35 percent of premiums

paid by eligible employers that are tax-exempt organizations.

According to the Internal Revenue Service (IRS), eligible small businesses can claim the credit as

part of the general business credit starting with the 2010 income tax return they file in 2011. For

tax-exempt employers, the IRS will provide further information on how to claim the credit. More

information about the credit, including tax tips, guides and answers to frequently asked questions

is now available on the IRS website, <IRS.gov>.

If you have any questions about your Health Benefit plan please call us.

Posted 10:09 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Twitter
LinkedIn
Google+
CNA
Cumberland Insurance Group
Progressive
Encompass
Hanover
Harleysville
The Hartford
© Copyright. All rights reserved.
Powered by Insurance Website Builder