Are you a small business owner with less than 25 employees?

Are you a small business owner with less than 25 employees?

Well...here is what you can begin to see if you currently offer health insurance coverage or are thinking on offering coverage in the near term:

Beginning in 2010-2013

• Employers with 25 or less employees with an average annual income of $50K amongst their employees will begin to receive a 35% tax credit on their 50% minimum contribution to their current premium

• Employers with 10 or less employees with an average employee income of $25K will receive a full tax credit on their 50% contribution in premium sharing

• ***Tax exempt small business's meeting the above requirements will be eligible for tax credits of up to 25% of the employers contribution toward the employees health insurance premium.

Starting on January 1st, 2014

• Employers with 25 or fewer employees who purchase coverage through the "exchange" will receive a tax credit of 50% on their 50% contribution of the employees premium

Hope this helps clarify some questions...

-The Shoppe