Your Source for Health Reform

Topic: Small Business

The ACA defines a small business as one with fewer than 50 FTE employees. Small employers, although they are the prime drivers of job creation and economic growth, have faced barriers to providing health insurance for their workers. They can now buy insurance on the SHOP, and may qualify for tax credits to help them provide employee coverage.

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Good Business Sense: The Small Business Tax Credit

While millions of small businesses will be eligible for this tax credit, educating the small business community about the credit is challenging. This May 2012 report from the Small Business Majority and Families USA explains why it’s important to reach out to this community, and it discusses four key reasons that the number of small businesses that use the credit will grow in the future.

Actual Factual Information About Health Care Reform

This easy-to-use resource from the Small Business Majority was designed to help small business owners can use learn how the reform law impacts their businesses.

Features of Health Insurance Exchanges That Could Attract Small Business

This February 2012 presentation by Terry Gardiner of Small Business Majority described the characteristics of small businesses and the aspects of exchanges that could be useful for them.

Focus on Health Reform

This January 2012 fact sheet from The Kaiser Family Foundation explains the ACA provisions likely to have significant effects on small businesses, the changes that are likely to take place, and which businesses will be affected.

Your Bottom Line: What Health Reform Means for Illinois Small Businesses

This presentation by the Small Business Majority, Campaign for Better Health Care and HHS lays out the key benefits of health reform for small businesses, including a competitive marketplace and immediate tax credits, and describes other immediate and longer-term benefits.

Better Health Means Better Business

This June 2011 article from the Center for American Progress explains how minority-owned small businesses stand to benefit from health care reform.

IRS Info on Small Business Tax Credits

A 2010 flyer from the Internal Revenue Service on the health care tax credit available to small employers and tax-exempt organizations that pay at least half the cost of single health insurance coverage for their employees.

Know Your Care’s Small Business Pagee

This page of ACA resources for small businesses was assembled in 2011 by Know Your Care, a nonprofit organization dedicated to educating the American people about the Affordable Care Act’s consumer and patient protections.

Reform and Women: Tax Credits for Small Business

This September 2010 fact sheet in the “Reform Matters” series from the National Women’s Law Center notes that women-owned businesses are generally smaller than male-owned ones, and small businesses that don’t offer employee health coverage tend to have larger proportions of female workers.

The 1099 Provision

This February 2011 Health Affairs policy brief discusses a tax-reporting requirement for businesses, designed to raise revenues to finance health reform, which was now likely to be repealed. The “so-called 1099 provision doesn’t have anything directly to do with health care per se, but was designed to capture tax revenues that may be lost if businesses fail to report income. However, lawmakers from both parties and the Obama administration now support repealing the measure on the ground that it would place an undue burden on business, especially small businesses.”

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