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Will health reform allow small businesses to get tax credits for insurance?

As the legislation exists in summer 2011, the Affordable Care Act will make tax credits available to small businesses to help them extend insurance coverage benefits to employees. Small businesses, or employers with fewer than 50 employees, can benefit from tax credits up to 35 percent (25 percent for small nonprofits) of their contribution to their employees' health insurance coverage. In time these percentages will increase to 50 percent (35 percent for nonprofits). It is estimated that up to 4 million small businesses qualify for these credits, so it is definitely worth investigating to see if you qualify.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.