The SHOP marketplace website may have been delayed, but employers can still get a tax credit.
Credit amount: up to 50% of contributions toward employees’ premium costs (up to 35% for tax-exempt employers).
Qualifying employers: Employ 25 or less employees with average earnings of 50% or less.
How to apply: Use a health insurance agent who writes coverage for plans that meet Affordable Care Act “adequate coverage” standards, and get the form to apply to the federal government for qualification for credits from that health insurance agent.
hhs.gov details of application process: http://tinyurl.com/ke88srb. For FAQ’s on the amount of credits and qualification for credits, see http://tinyurl.com/lmkfhur.
How is this relevant to mergers, acquisitions, and recapitalization? Health insurance is one of the fastest growing costs for most businesses. If employers can improve their health insurance cost bottom line, their companies will be worth more.