Small businesses, on the other hand, have no requirements to offer any health insurance coverage to employees. However, if a small business opts to offer health insurance coverage to employees, it may qualify for the Small Business Health Care Tax Credit. To be eligible for the credit, your small business has to meet the following criteria:Should your small business offer health insurance?
chances are your competitors are. No matter the size of the employer, health insurance benefits are a big deal to employees. 66% of small business owners report that they offer medical employee benefits to help them hire and retain the best employees.Can My Small Business pay for my health insurance?
Small business owners can benefit from existing tax laws and use a health reimbursement arrangement (HRA) plan to reimburse themselves, tax-free, for major medical expenses not covered by their health insurance.