Health Care Reform - Resource Page

On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act and on March 30, 2010, the Health Care and Education Affordability Reconciliation Act of 2010, a companion package of  "fixes" was signed into law. Taken together, the two measures make the most profound changes to our country's private-market health care system in 50 years.

Many provisions of the new health reform law impact American employers and private health insurance consumers immediately, while others take effect over the course of the next eight years.  Click here for a Timeline of Health Insurance Reforms.

Free Small Employer Tax Credit Report

Free Healthcare Tax Credit Estimate - Find out how much your business can save.

(retroactive for premiums paid in taxable years beginning after December 31, 2009)

Makes available tax credits for qualified small employer contributions to purchase coverage for employees.  In order to qualify, the business must have no more than 25 full-time equivalent employees, pay average annual wages of less than $50,000 and provide qualifying coverage.  The full amount of the credit will be available to employers with 10 or fewer employees and average annual wages of less than $25,000, and will phase out when those thresholds are exceeded.  The average wage threshold for determining the phase-out of credits will be adjusted for inflation after 2013.  Small employers will receive a maximum credit of up to 50% of premiums for up to 2 years if the employer contributes at least 50% of the total premium cost.  The credit would phase out entirely for employers of more than 25 employees whose average annual salaries exceeded $50,000. 

Employers will not be eligible to use the credit for certain employees, including defined "seasonal workers", self-employed individuals, 2% shareholders of an S-Corp, 5% owners of a small business and dependents or other household members.  However, leased employees are eligible employees for the credit.  Employers receiving credits will be denied any deduction for health insurance costs equal to the credit amount. 

Check back for Health Care Reform Updates.