Small businesses can claim health insurance credit

Small businesses can claim health insurance credit

Cover Oregon reached an agreement with 12 insurance carriers to allow some businesses that sign up late to qualify for federal tax credit.

The Small Business Health Care Tax Credit was expanded under the Affordable Care Act (a.k.a. “Obamacare”) and covers up to half of a business’s contribution toward employees’ premium costs, starting next year.

Small businesses will eventually have an online exchange to buys plans, but so far that doesn’t exist in Oregon.

 Read more at Statesman Journal