Why Do Some Smaller Boats Comply With Uscg Standards?

The new healthcare bill will have a big impact on small companies.

Pros and cons of the new health care bill for small companies:

Pros: The smallest companies will need the most help. Tax-exempt small companies that meet these requirements can earn credit up to 25%.

Cons: This may not provide enough incentive for small companies to provide coverage.

Most small companies do not get a tax break

• Companies with more than 25 employees are not eligible for a tax credit.

Healthcare Coverage

Small companies with 50 or more employees will have to provide coverage or pay

Pros: With a majority of small companies paying in excess of 10% of annual operating expenses for healthcare costs, small companies may find it more affordable to pay the penalty taxes than to provide coverage for employees.

Small companies that offer coverage could pay higher taxes for subsidized employees

Companies with less than 50 employees are not required to provide coverage

Pros: The smallest companies will save thousands of dollars on healthcare coverage.

Small companies will be able to pool together to buy insurance

Small companies can receive the largest tax credit for purchasing coverage through the Exchange

• 2014-2016, small companies that purchase coverage through a state Exchange can earn a tax credit of up to 50% if they contribute at least 50% of the employee premium cost. Tax-exempt small companies that meet these requirements can earn credit up to 35%.

Pros: SHOP Exchanges may provide an affordable option and encourage small companies with less than 50 employees to offer coverage.