Informative Essay

The Small Business Health Care Tax Credit: A means of sustaining employer-oriented health coverage

2 pages | 430 words

The Small Business Health Care Tax Credit is a government program that encourages small businesses to provide health care coverage for their employees by offering a tax credit. The credit is based on the premiums paid for qualified health plans purchased through the small business Health Insurance Marketplace and can be used to offset the cost of premiums. The credit is available for two consecutive taxable years and can help small businesses comply with the Affordable Care Act’s employer mandate.