Zinser Benefit Service - Small Business Insurance
Individual Insurance, Group Insurance and Employee Benefits, small business insurance
Below is a link to the U.S. Small Business  Administration Home Page.  The SBA does a good job of breaking down some of the key components of PPACA and how they apply based on the size of your business.
Let me know if you have any specific questions.
http://www.sba.gov/healthcare
With businesses winding down for the 2011 calender year, this tax credit calculation tool will come in handy to the many small business customers that health insurance companies have. Â This link is from United Health Care and goes over the small business tax credit.
Certain small businesses that offer health benefits are now eligible for health care tax credits. These vary depending on the tax-exempt status of the organization and employer contribution toward health benefits.
An independent actuarial and healthcare consulting firm Milliman Inc., is reporting that American families who obtain their health insurance through their employer are experiencing a 7.3% increase in their health insurance in 2011. This is $19,393 per family in 2011.
The study is also showing that employers are paying less of the premium for their employees medical insurance. This trend has been going on for quite sometime.
The study also reveals that Health Care Reform is not reducing the cost of medical insurance.
With April 15th right around the corner, here’s some information about the Small Business Tax Credit that is available to employers that have fewer than 25 full-time equivalent employees. This tax credit is available to employers that maintained a “qualifying arrangement” under which the employer pays a certain percentage of the premiums (generally a minimum of 50%) for each employee enrolled in the employer’s health plan. The logic behind this credit is that it encourages employers to continue to offer a group medical insurance plan, instead of dropping coverage altogether. This was included in the Patient Protection and Affordable Care Act of 2010. If you have questions or would like more information, please contact us. If your accountant or CPA has any questions about this, please feel free to have them contact us as well.