This Week in Healthcare
Health Reform Tax Credits for Small Business
The subsidy will be available to small-business owners through 2014. In 2014, it will be raised to 50% of premium costs if employers purchase coverage through the insurance exchanges established by the overhaul. The tax credit will not be available after 2015, CQ HealthBeat reports.
According to a fact sheet issued by the U.S. Treasury Department, "The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers."
The Treasury fact sheet also notes that:
• Businesses in about 20 states that already get state tax breaks to subsidize premium costs also will be eligible for the federal tax break
Small Business Tax Credit Calculator
San Diegans for Healthcare Coverage Continues Planning Process for Health Reform Implementation in San Diego
Governor’s Revised Budget Hits Health and Social Services Programs
To fill the projected $19 billion budget deficit, Schwarzenegger's budget plan calls for:
•$12.4 billion in spending cuts;
Small Businesses and Health Reform “Listening Tour”
This free, informal event will include a panel discussion on healthcare reform topics pertinent to small businesses, including:
•Small business tax credits
For more information,
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