News Headlines Article

Tax credit looms large for plans in state health exchange
North Bay Business Journal

As small businesses in California consider the purchase of employee health insurance through the newly formed California Health Benefits Exchange, experts in insurance and accounting in the North Bay said that the federal tax credits connected to the program are likely to be a key factor during the coming enrollment season.

Similar to tax credits available for individual plans on Covered California — the state’s version of the federally mandated health insurance exchange and a one-stop shop for comparing participating plans — the credits available to qualifying small businesses stand to significantly impact the cost-competitiveness of those plans compared to the open market, insurance brokers said.