News Headlines Article

Small Business Tax Credits to Pay Third of Health-Care Premiums
San Francisco Chronicle

Small businesses in the U.S. will get tax credits this year to pay for more than a third of the cost of providing medical care for employees under a new program created under the health law, officials will say today.

Four million small businesses with less than 25 full-time employees will be eligible, according to an administration fact sheet. Businesses that qualify will get 35 percent of the cost of employee health-care premiums reimbursed by the government, and 50 percent starting in 2014, the fact sheet said.