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Small Business and Health Insurance Exchange

Benefits for small businesses offering health care coverage:

2010-2013: Employers offering health coverage to employees will receive a tax credit equivalent to 35% of their health insurance contribution, based on the following criteria:

  • Employer pays for at least 50% of the employees' health care premium
  • Businesses with fewer than 25 full-time employees and average annual wages of less than $50,000
  • Full credit available to employers with 10 or fewer full time employees and average annual wages of less than $25,000
  • Tax-exempt small businesses meeting above requirements are eligible for credits of up to 25% of the employer's contribution towards the employee's health insurance premium

2014: Small business owners able to purchase insurance for themselves and employees from the health insurance exchange. Tax credit will be increased to 50% of employer's contribution for 2 years, until 2016, based on the following criteria:

  • Businesses with few than 25 full-time employees and average wages below $40,000 per year

To see if your business qualifies for these tax credits and to compare several health plans, check out this information:

*Employers are not required to provide health insurance to part-time employees

*Seasonal employees are only required health insurance coverage during the months they are employed full-time (30 hours or more per week)
Last Updated: Friday May 30 2014
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