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Myth #27

  • Category: Small Businesses

    • Health Care Reform will hurt Small Business
      • MythHealth Care Reform will hurt Small Business

        FactThe current draft bills also include a tax credit for small businesses that provide health care coverage for their workers. This benefit will make it easier for small businesses to provide coverage.Together with the exchange, these reforms will help small firms bottom line, allowing them to focus more of their attention on running their business and creating jobs. But we also sale.

        (see first source) The Senate's HELP Bill also addressed this issue. From the July '09 version:
        Choice of public and private plan, for uninsured, small businesses with less than 25 employees, and those with a premium share over 12.5% of their income.

        Small Business Credits - employers with 50 or fewer full-time workers who pay 60 percent or more of their employees�health insurance premiums will be permitted to receive tax credits for subsidizing coverage. Credit amounts are based on the type of employee coverage, the size of the employer, and the proportion of time the employer paid employee health insurance expenses, and are available for up to 3 consecutive years.
        Self-employed individuals who do not receive replicas relojes credits for purchasing coverage through the Gateway are eligible.
        Small Business Program Credits. Beginning in 2010, eligible. Employers required to pay 60% of premiums or be assessed $750 for each full-time employee not covered and $375 for each part-time employee not covered.

        Facebook PermaLink Myth #: 27 Created: 08/01/09 Updated: 10/25/17 00:13 AM
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