According to the Small Business Administration (SBA), the Patient Protection and Affordable Care Act (PDF) "includes a variety of measures specifically for small businesses that help lower premium cost growth and increase access to quality, affordable health insurance." Small business owners trying to figure out their rights and responsibilities have a variety of sources to turn to for up-to-date, reliable information.
- Small Business Majority’s Health Coverage Guide A good place to start your research, billing itself as “Everything small business owners and their advisors need to know about offering health insurance. [...] An unbiased resource on cost estimates, tax savings, coverage options, legal rights, and more.”
- The U.S. Government’s Small Business Health Options Program (SHOP) launched on October 1, 2013 with the goal of connecting employers with appropriate coverage plans. Colorado small business owners will be directed to Connect for Health Colorado to apply for coverage, compare plans, enroll and find out whether tax credits may be available.
- Get a detailed explanation of the Small Business Healthcare Tax Credit and the SHOP Marketplace for Small Employers from the Internal Revenue Service. This site is also available in Spanish.
Also view, The Affordable Care Act Tax Provisions for Small Employers.
- Connect for Health Colorado’s Small Business Information website is a useful source for local information. Questions? Contact Connect for Health Colorado.