Did you know the tax credit is highest for businesses with fewer than 10 employees who are paid an average of $25,000 or less?
Your savings could be worth up to 50% of premium costs if you qualify!
To be eligible for the tax credit, you’ll generally need to meet each of these requirements:
Have fewer than 25 full-time equivalent (FTE) employees;
Have an average employee salary of $55,000 or less;
Pay at least 50% of your full-time employees’ premium costs;
Offer SHOP coverage to all of your full-time employees (you won’t have to offer it to dependents or part-time employees to qualify).
Use the Small Business Health Care Tax Credit Estimator below to see if your business qualifies, and find out how much you could save!
Link: https://www.healthcare.gov/shop-calculators-taxcredit/…
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