Health Care Options for Small Businesses

Author: Barbara Weltman

Tax rules related to medical coverage and health care have been prominent since the enactment of the Patient Protection and Affordable Care Act of 2010 (ACA), especially in light of COVID-19. In the time since enactment, rules have changed and the options for small businesses that want to provide coverage for employees have expanded. Employers in small businesses may use traditional group health plans, various reimbursement arrangements, or other options for their staff. This course explains all of these medical benefit plans for employees of small businesses.

Publication Date: April 2022

Topics Covered

• Part I: Basic Rules
• Part II: Reimbursement Arrangements and HSAs
• Part III: Other Matters

Learning Objectives

• Identify the average premium in 2021 for family coverage
• Identify the percentage deductibility of the employer's cost for premiums, unless the small employer health insurance credit is used
• Identify the type of plan designed for small employers and avoids tough testing for non-discrimination by meeting certain contribution, eligibility, and participation rules

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None