The Final State of the Union
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Summary:
Business leaders like Louisa McQueeney would like to provide health insurance for her employees, however it wasn't until a health care tax credit became available through the Affordable Care Act that she was able to.
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.”
Visit www.healthcare.gov/mycare to learn more about the benefits and rights under the Affordable Care Act.
Learn more about how the Affordable Care Act is helping Small Businesses: For more information:
- MarkCare: How health reform is making health insurance more affordable for small businesss
- NancyCare:Making Insurance More Affordable for Small Businesses
- KierstenCare:Using the Health Care Tax Credit to Take Care of Employees
- VirginiaCare: Keeping Health Insurance Costs Down for a Small Businesses
- Tell us your story: How is the Affordable Care Act improving your care?
