Important Details on the 2010 Small Business Health Care Tax Credit (PDF)
3 pages. Excerpt: "For taxable employers, the Credit is claimed on the employer's annual income tax return (e.g., Form 1120 and presumably Form 3800) a nonrefundable general business tax credit (which can be carried forward 20 years and may offset AMT). Note that a deduction for the health care costs is not permitted for the amount of the Credit, which should be considered when determining the value of the Credit."
(Groom Law Group)
Not All Small Businesses Will Get Tax Benefits Promised In Health Law
Excerpt: "Tax credits to help small business pay for employee health coverage fall short of the 'broad eligibility' White House officials promoted . . . . The credit was said to apply to firms 'with fewer than 25 workers and average annual wages under $50,000 that provide health coverage,' . . . . 'Lost in the fine print: The credit drops off sharply once a company gets above 10 workers and $25,000 average annual wages.' A complicated formula means some firms that meet the key requirements for the credits will get nothing . . . ."
(Henry J. Kaiser Family Foundation)
Health Savings Account/High-Deductible Health Plans Coverage Survey Report (PDF)
Excerpt: "The number of people with HSA/HDHP coverage rose to 10 million in January 2010, up from 8 million in January 2009, and 6.1 million in January 2008. Between January 2009 and January 2010, the fastest growing market for HSA/HDHP products was large-group coverage, which rose by 33 percent, followed by small-group coverage, which grew by 22 percent."
(America's Health Insurance Plans)
New Data Indicates COBRA Subsidy Helped Middle-Class
Excerpt: "A new report [the U.S. Treasury Department Office of Economic Policy] suggests that the COBRA premium subsidy provided by the American Reinvestment and Recovery Act has helped Americans maintain insurance coverage during the recession, especially the middle class."
House Poised to Consider COBRA Subsidy Extension
Excerpt: "Without action by the end of the month, those laid off after June 1 would have to pay the entire cost of continuing their health insurance . . . ."
(Henry J. Kaiser Family Foundation)
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Executive Compensation; Benefits in General
Federal Domestic Partner Benefits Could Cost $300M+
Excerpt: "That was the bottom line of a new Congressional Budget Office (CBO) study of the issue, according to govexec.com. In addition to $310 million in direct costs between 2010 and 2020, CBO calculates the 2009 Domestic Partnership Benefits and Obligations Act (SB 1102) would increase benefits-related discretionary spending by $394 million over the same period."
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