In some cases, the employer may be eligible for small business tax credits of up to 50% of the employer’s share of the insurance coverage for up to two years. This tax credit is ONLY available through the SHOPs beginning in 2014.
The small business tax credit applies to small businesses with up to 25 FTE employees that pay employees an average annual wage below $50,000 and that contributes 50% or more towards employees’ health insurance premiums.
Next Topic: Shop Application and Enrollment in more detail
Agents and Brokers are required to be trained to assist consumers with the application and decision making process. Using an Agent to enroll in a ObamaCare Health Plan will be the primary choice of many americans. After all agents have the inside track on companies and their promptness to handle claims and pay benefits in atimely fashion.
Next Topic: Coverage Basics