888-765-5400Small Business – Health Care Reform
Many small business owners have questions about how the Health Care Reform will effect them….
“I own a small business and want to provide health insurance for my employees and their families. Are there subsidies or other assistance to help me afford to coverage?”
Many small businesses will be eligible for tax credits of up to 35 percent. Businesses that employ fewer than 25 employees, pay average annual wages of $50,000 and pay at least half the cost of single coverage for their employees may be eligible to receive a tax credit.
Employers with 10 or fewer employees that pay annual average wages of $25,000 or less per year may be eligible for up to a 35 percent tax credit in 2010.
In 2014, the tax credit for eligible small businesses will increase to 50 percent of premiums paid.
Full eligibility details will be provided by the Internal Revenue Service. You should review and discuss the full criteria with a tax professional to determine whether your business will qualify.
The above information is from a post by BCBSNC in 2010 and located at bcbsnc.com.
For more information on health insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our qualified agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). You may qualify for a 15% healthy lifestyle discount if you are in excellent health. Call us for details.