Small Business Tax Credits
Beginning in 2010, small businesses that choose to offer coverage will begin to receive tax credits of up to 35 percent of premiums to help make employee coverage more affordable. By 2014, this tax credit will be as high as 50 percent of premiums.
Reinsurance Help for Early Retirees
Workers age 55-64 who took an early retirement will benefit from a temporary reinsurance program. A new insurance exchange will eventually be set up to help people who don’t have affordable insurance through their jobs. Until the exchange is set up, employers offering health care benefits for early retirees ages 55 to 64 will be entitled to federal aid through a temporary reinsurance program.
