More small businesses are providing health insurance to their employees in 2011 as a result of the tax credit of up to 35% and 25% for non-profits offered through PPACA starting in 2010. Several insurers have reported significant increases in small group enrollments. Coventry Health Care added 115,000 small group enrollments, representing an 8% increase; and Blue Cross Blue Shield of Kansas City saw a 58% jump, 38% of which had never offered health benefits to employees before. Click video [vimeo http://vimeo.com/19716548].
Further information can be found at http://www.irs.gov/newsroom/article/0,,id=223666,00.html. In addition, we have a simple work sheet that can determine exactly how much the credit is worth to you. Importantly, the Tax Credit will increase to 50% for small businesses by 2014!
Please contact our office for further guidance on your group’s plan.
Can they make it more complicated?
I would just assume a tax dedcution is just as nice? no?
a deduction is on average smaller than 35% but it depends and we recommend to speak with a CPA. The 25% credit for a non-profit would be unique as their deductions are limited.
Alex, call me. I have someone 4 u.
will do