Colorado Health Insurance - Sage Benefit Advisors, Fort Collins, Colorado» Compliance

Small Business Health Care Tax Credit Calculator

Sage Benefit Advisors — Sat, 22 May 2010 19:31:44 +0000

Ever since the health care reform bill passed, we have been fielding tons of questions from our clients about how this bill was going to affect them. Three of the most frequent questions that we get from our small business / group health insurance clients are:

1. Does my small business qualify for the “Small Business Health Care Tax Credit”?

2. How much can I expect to get back as a result of the “Small Business Health Care Tax Credit”?

3. How do I calculate the “Small Business Health Insurance Tax Credit”?

If all you read was the news articles about this tax credit, it sounded pretty simple. In fact, I had many clients excitedly calling me saying that they heard about this 35% tax credit…and that this was just what the doctor ordered. Well, not so fast — there are about 13 steps to the calculation to determine if you qualify and, if you do, the percentage is not always a flat 35% of employer paid premiums.

So, in an effort to answer these three questions and to clear up much of the confusion surrounding the “Small Business Health Insurance Coverage Tax Credit”, we have developed this simple and easy to use Small Business Health Insurance Tax Credit Calculator. Just answer 4 simple questions (rows A-D) and then click “UPDATE”.

Small Business Health Care Tax Credit Calculator

Still have questions about the Small Business Health Insurance Reform Tax Credit?

Check out these additional resources:

Determine if you qualify for the Small Business Health Care Tax Credit by following these three simple steps >>

Small Business Health Care Tax Credit: Frequently Asked Questions >>

Health Care Reform Overview

Sage Benefit Advisors — Fri, 23 Apr 2010 19:08:38 +0000

Humana has developed high-level overviews of the new health reform law, with two versions tailored for small employers and large employers. Below are links to those summaries so you can download them for your use.

Sage Benefit Advisors remains committed to keeping you informed about health reform. Keep in mind that a great deal of uncertainty still surrounds the new health reform law. Over the next few months and years, federal and state governments must develop rules, regulations and guidance on how the law is to be interpreted and implemented. As we learn more, we’ll share it with you.

Health Savings Account Limits for 2010

Sage Benefit Advisors — Thu, 01 Apr 2010 09:26:28 +0000

If you have a health savings account (HSA) plan, please be advised of the new limits for 2010. These amounts for 2010 as compared to 2009 are shown below. The catch-up contribution limit prescribed by statue is also included.

If you would like to learn more about the benefits of HSA plans, we have additional information on our HSA page.

To review HSA plan quotes (for individuals and families) use our free, online quoting system.

If you are an employer and want to learn more about HSA plans for your business, please call 970-484-1250 to speak with a benefits specialist.

Understand the Health Care Reform Bill

Sage Benefit Advisors — Tue, 23 Mar 2010 09:33:18 +0000

Here is a helpful chart in understanding the new health care reform bill.

Sage Benefit Advisors will keep you up to date on the changes associated with the new health care bill.