Healthcare Bill & Very Small Businesses

I received a summary of the health care bill that just passed from our senator. There wasn’t much for business in it, just this one item. Thought I would pass it along. It was in the effective immediately category.

Small businesses will get a tax cut to help them pay for health insurance for their employees. Companies will get a credit up to 35 percent of the money they spend on premiums. Those credits will increase over time, eventually reaching 50 percent when the Insurance Exchanges go into effect. The full credit is available to small firms with 10 or fewer employees, and firms with up to 25 employees will qualify for a partial credit.