Tax Credit for Group Insurance premiums

Small business owners may be eligible for tax credit on group insurance premiums for their employees. According the IRS website the following eligibility rules apply:

Eligibility Rules

Provide 50% of the cost of the single rate for employees
Must have 25 or fewer employees
Average wage must be below $50,000

Amount of Credit

Up to 35% of premium cost

Orange County businesses can contact our Agency located in Costa Mesa, California for more details about this tax credit.

Anthem Blue Cross has published a free booklet with more information on managing health care costs.

COBRA subsidy lost in jobs bill

The new legislation that passed Congress extending unemployment did not extend the 65% COBRA subsidy for workers who lost their jobs after June 1st 2010. Our agency
has been kept busy trying to keep up with Federal COBRA
laws that have changed multiple times in the last 18 months.