Important Information on Healthcare Reform

The Patient Protection and Affordable Care Act
Signed into law March 23, 2010

The Patient Protection and Affordable Care Act was signed into law on March 23, 2010. The law includes comprehensive changes to the healthcare system that will affect every American. The reforms will roll out over four years and beyond, with most changes taking place by 2014. Many important changes begin to take place this year.

Small Business Health Care Tax Credit
Effective January 1, 2010

Up to four million small businesses may be eligible for a tax credit to help them provide health insurance benefits to their employees. The first phase of this important tax break provides a credit of up to 35% of the employer's contribution to employees' health premiums. Small non-profit organizations may receive up to a 25% credit. Many small business can use the tax credit beginning this year.