Here is information I have shared in the past. Always good to have a refresher. This is about the Health Insurance Tax Credit.

Eligible businesses may receive a credit worth up to 35% of their premium costs this year, increasing to 50% in 2014.

Eligibility requirements:

  • Qualifying employers must pay at least half the health care cost (single employee rate) for full-time employees
  • Qualifying employers must employ fewer than the equivalent of 25 full-time workers
  • Average annual employee wages (not including the owner’s or family members’) must be below $50,000

To learn more and to verify whether your business qualifies, contact your tax professional or go to irs.gov and click on “Affordable Care Act Tax Provisions.”

To review all your employee benefit issues and health insurance needs, contact Gabrielle at (616) 732-9000.

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