Ed. Note: This was originally published on Healthcare.gov
Louisa McQueeney is general manager and chief financial officer of Palm Beach Groves, a small, family-owned Florida gift and food shipping company. She believes it’s important for a small business to provide health insurance for its employees: “It creates a long-term relationship with your employees,” she says.
The health care law, Louisa says, is helping Palm Beach Groves continue to provide health coverage its employees by funding a health care tax credit for targeted small businesses. For Palm Beach Groves, that tax credit amounted to a $7,400 savings that could be used to offset health insurance costs.
“It’s the first time in 12 years that I’ve actually seen a reduction in [health coverage] cost for the business,” Louisa says. “The decrease in our cost is directly tied to the tax credit. If it wasn’t for the Affordable Care Act, we would not be talking about a tax credit.”
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