Florida Small Business Health Insurance

One of the benefits of investing in small business health insurance is that you will qualify for tax credits available to small businesses. These credits are offered to small businesses offering dental, vision and general health insurance to their employees. The credits can be used to offset the cost of insurance and make benefits more affordable.With these credits, you will be reimbursed for up to 35 percent of the premiums you will pay towards medical, dental and vision insurance for your employees. Qualifying companies must employ less than 25 full-time employees and annual wages per worker of less than $50,000. The employer is also required to cover at least 50 percent of the insurance premiums for the employees.The credit is based on a sliding scale with companies employing fewer than ten full-time employees with average annual wages of less than $25,000 qualifying for the full amount. As companies grow in size and average wage levels, the tax credit is reduced and phased out.

Full-Time Employees Only

It’s important to note that only full-time employees are considered in this tax credit. Companies relying heavily on part-time workers may qualify if they have fewer full-time people on the payroll. Full-time employment is also defined as 30 hours a week for the purposes of this program and tax credit.

Investing in Florida small business health insurance increases employee satisfaction and overall retention levels. Employees prefer to work for companies that are willing to cover 50 percent or more of their health insurance, and that allows you to choose from a larger pool of workers.

When you are ready to invest in health insurance for your small business, start by reviewing different plans to find that best suits your needs and budget. There are several programs available to choose from, and the available tax credit will bring the overall cost down and make insuring your team more affordable.

  Small Business Health Insurance     1-888-773-1181