Small business owners: Reduce your health care premiums
Did you know your business might be able to reduce its health care premiums by up to 35 percent?
Under the health care reform law, the U.S. government will provide a small business health care tax credit to some small businesses that pay at least 50 percent of their employees' health insurance premiums.
Does your small business qualify for the tax credit?
What are your estimated savings?
Tax calculator tool
By using the following calculator, powered by H&R Block®, you can estimate your potential health insurance savings under the new Patient Protection and Affordable Care Act.
Use this tool to help understand potential financial implications of
the health care legislation on your business, including:
- Small business health care premium credit (effective 2010)
- Requirements to provide coverage for employees (effective 2014)
- Penalties for not providing coverage (effective 2014)
- Excise taxes on high-cost health care plans (effective 2018)
Navigate the estimator by clicking on the Continue button at the bottom of each section, or skip around by clicking on the gray bars to reveal those sections.
Use the tool.
Disclaimer
©1996- Blue Cross Blue Shield of Michigan is a nonprofit corporation
and independent licensee of the Blue Cross and Blue Shield Association.
