Small Businesses Skeptical About Effect of Tax Credit
Double-digit increases in health insurance rates for California's small businesses are quelling enthusiasm about tax credits such firms will receive through the new health reform law. Businesses with at least 25 full-time employees that provide annual salaries below $50,000 and pay about half of employees' health plan coverage are eligible for a credit worth up to 35% of premium costs through 2014 and up to 50% after that. The tax credits could be worth up to $4.4 billion in California. The article was supported by the California HealthCare Foundation Center for Health Reporting. CHCF is the publisher of California Healthline.
- "Businesses Question Insurance Tax Credits" (Gonzales, Ventura County Star, 6/6).