Small Business Center
Grants and Tax Credits to help with Health Care Costs
Whether you currently provide health benefits, or want to begin to offer health insurance, there’s help to make health care more affordable.
You may earn Maryland’s Small Business Grants if you have:
- 2-9 full-time employees
- With average yearly wages under $50,000
- You have not offered health insurance in the last 12 months
These grants can lower your health insurance costs by up to 50% and there are multiple plan options so you can choose one that fits your business needs.
You may also earn NEW Federal Health Care Tax Credits if you are a:
- Small business, nonprofit with 25 or fewer full-time employees or self-employed
- With annual wages under $50,000
- You, the employer, pay at least 50% of the employee-only premium
The tax applies to employers who currently offer health insurance or want to start. Available tax credits could be as much as 35% (25% for non-profits) of “employer eligible premium expenses.”
For more information, talk with your accountant, insurance broker, or contact us.
Free info session!
Representatives from M&T Bank and Small Business Majority will meet with business owners, accountants and other interested parties to talk about the tax credits. Each participant will receive skilled support to figure out if the tax credits are a good fit for their business and how to apply it in a way that is most advantageous to the company’s workers and bottom line.
July 28, 2011
Small Business Resource Center
1101 East 33rd Street, Baltimore, MD
8:30-10:30AM, Light refreshments will be served
Please RSVP to Jackie Boone at jackie@healthcareforall.com.
