Small Businesses Eligible for 35% Health Care Reimbursement
The passage of the new health care law makes small businesses eligible for health care cost reimbursement. Business owners are wondering how the new law will help them save money and provide affordable health care to their employees. The White House released a fact sheet on last week that offers information on how the new law will work for small businesses.
Small businesses with less than 25 employees may be eligible for a tax credit that will cover more than one-third of their medical care costs for employees. The program, created under the new health care law, will allow businesses that qualify to receive reimbursement for 35 percent of their health care premiums.
We know that small businesses want it, because right now half of the small businesses between three and 10 people don't provide health care, and they're looking for it.
- Tax Credit to Pay Third of Small-Business Health Cost (Update1) (BusinessWeek)
- Health Care Reform: Tax Changes for Small Businesses (FindLaw)
- What Will Health Reform Mean For You? (WhiteHouse.gov)
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