Office of Entrepreneurship Education | Resources
The Affordable Health Care Act
You may already know that President Obama has signed into law health reform legislation that reduces health care costs for American families and small businesses, expands coverage to millions of Americans, and ends the worst practices of insurance companies. However, you might not be aware of all the ways that this legislation can help you, your business, and your employees.
The Affordable Care Act will provide enormous benefits to the millions of small business owners and the tens of millions of small business employees by expanding coverage options, lowering costs and giving consumers, not insurance companies, control over their own health care. To begin to understand how the Affordable Care Act will benefit you and your business, check out Six Ways Health Reform will Help Small Businesses.
Small Business Health Care Tax Credit
Health reform legislation signed by President Obama includes a Small Business Health Care Tax Credit to help small businesses afford the cost of insuring their workers. Visit the White House Website to learn more about the Small Business Health Care Tax Credit. If you want to learn more about eligibility or read Frequently Asked Questions, check out the Internal Revenue Service's IRS Website or New Guidance from the U.S. Department of Treasury.