Obamacare: Practical Matters and the 5 Paths to Coverage

Posted on 24, Oct | Posted by gabrielle

As we enter into November of 2013 confusion about the Affordable Care Act prevails, but that’s not surprising, as there are a ton of new things to learn in order to understand how to make good decisions regarding health insurance coverage that’s right for you.

Public Law 111–148 The Patient Protection and Affordable Care Act passed into law on March 23, 2010 Since that date, there have been changes each year in health insurance, health care delivery and tax requirements. It is these three areas where most people have questions. Everyone is asking the right questions, though it’s not always easy to get answers. This article will explore some of those questions and provide practical answers.

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Business Owners – Is your company eligible for the Health Insurance Tax Credit for 2011??

Posted on 30, Nov | Posted by gabrielle

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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