A recent survey of U.S. adults found a disturbing lack of understanding of basic health care insurance terms. More than half could not accurately identify at least one of these terms: premium, deductible, and co-pay.
The IRS recently issued proposed regulations on the tax credit available under Section 45R of the Internal Revenue Code to some small employers that offer health insurance to their employees. The Section was added via the Patient Protection and Affordable Care Act. To receive the credit, an employer must have no more than 25 full-time equivalent (FTE) employees whose average annual wage doesn’t exceed $25,000 currently. In addition, the employer’s contribution to a qualified ...
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