Most employers are trying to do right by their workers and offer decent wages and benefits. But offering health coverage can be costly. The Affordable Care Act is changing that by reducing the cost for small businesses.
Employers with fewer than 25 full-time equivalent workers may qualify for a small business tax credit of up to 35 percent of premium costs (up to 25 percent for non-profits) to offset the cost of providing health coverage. Additional tax credits will be available in the future.
And starting in 2014, businesses with 100 or fewer employees will be able to find coverage in Affordable Insurance Exchanges.
CHECK OUT The Top 5 Things Small Business Owners Should Know About the Affordable Care Act for more information.