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Health Care Reform
 
 
 
Confused about all the information on the upcoming Health Care Reform?  We have all of the latest updates on the new Health Care Reform, including timelines, tax credits, Medicare and more.
 

On this page:

The new federal health care reform law may change how some consumers access health care and health care coverage. Most health carriers are currently working to interpret and implement changes mandated by the new law in accordance with the schedule outlined by Congress. In some cases, like the coverage of adult children, the law calls for the benefit to be offered six months from the date the bill became law. Other provisions of the law will take effect in future years. In almost all cases, the government will need to put new regulations in place before we can make these changes.

Small business tax calculator

Groups can claim the credit on their annual tax return. Read on for more information.

  • Eligibility »

Your small business may be eligible for the tax credit if they:

  • Provide at least 50% of the cost of health care coverage for their employees.
  • Have fewer than the equivalent of 25 full-time employees (for example, a business with fewer than 50 half-time workers would be eligible). Business owners and their family members who work for the company are excluded.
  • Pay annual wages that average less than $50,000 per full-time equivalent employee.

For more information about calculating the number of full-time employees and average annual wages, see the Internal Revenue Service (IRS) guidelines.

  • How much is the credit? »

The amount of the credit depends on whether or not the business is for profit or tax exempt. For tax years 2010 through 2013:

  • If your group is for profit—the maximum credit is 35% of the employer’s contribution.
  • If your group is tax exempt—the maximum credit is 25% of the employer’s contribution.

The tax credit may be reduced if the number of full-time employees exceeds 10 or the group’s average annual wages exceed $25,000. More detailed information about how the amount of the tax credit may be affected is available on the IRS website or from your tax professional.

  • Estimate youir tax credit »

**FREE Online Tax Credit Calculator -  Use the tax credit calcuator to help estimate what your tax credit may be.

 

If you have questions about using the tax credit estimator, please contact us.

  • Learn more »
 Although we have attempted to provide the most current information, we can’t guarantee its accuracy or completeness. This document should not be used for legal or tax advice or as a recommendation of any kind. Your clients should seek professional advice from their own attorneys and tax and benefit plan advisors.
 This small business tax calculator is provided for informational purposes only and should not be construed as financial, legal, or operational advice, or as establishing a privileged attorney-client relationship. You must consult and rely solely upon your own independent professional advisors regarding your client’s particular situation and the concepts presented herein. Although we have attempted to present accurate information, Kaiser Permanente disclaims any express or implied warranty as to the accuracy of any material contained herein and any liability with respect to it, and any responsibility to update this material for subsequent developments. Pursuant to IRS regulations, we are required to notify you that any advice contained on this Web page that concerns federal tax issues was not intended or written to be used, and cannot be used, to avoid tax-related penalties under the Internal Revenue Code, or to promote, market, or recommend to another party any matters addressed herein. Users should consult with their own attorney or tax professional before making tax-related decisions.
 
 
Additional Resources:
 
Health Care Reform Guide - Small Business (click here)
 
Health Care Tax Credit - Small Business (click here)
 
Medicare Part D Changes (click here)
 
 
Still have questions, call or email us for information specific to you or your business?