Monday, June 7, 2010

Small Business Health Care Tax Credit Overview

The health care reform law includes the Patient Protection and Affordable Care Act (PPACA), which was signed into law by President Obama on March 23, 2010, and the Health Care and Education Reconciliation Act of 2010 (HCERA), which was signed into law on March 30, 2010. These two laws together make sweeping changes to the nation’s health care system, including many changes that affect employers.

One positive change for some small employers is a Federal income tax credit for health insurance premiums they pay for certain employees.

Read more here in an overview prepared by the Chamber’s health care partner, Brown and Brown of WA.

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