With inflation knocking at the door of Americans and family budgets being stretched thin,
many of us are struggling from the unhealthy effects of rising health care costs and health
insurance premiums. Today over 147 million Americans have no health insurance. Many of
those people are facing personal bankruptcies which are currently at an all time high. A
recent study showed that unpaid medical bills were a major contributor to over half of
personal bankruptcies in our country today. But it doesn't have to be that way. All it takes is
a few moments to fill out the form below, and then you can get affordable health insurance
quotes from multiple insurance providers!
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|Low Cost Health Insurance Can Prevent Bankruptcy!
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Turning Point Benefits Group is dedicated to a no-nonsense approach to
health insurance in North Carolina and South Carolina. We focus on giving
you the insurance you need in a timely and cooperative manner.
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| Low cost health insurance is an important part of personal financial planning. With
health care costs rising much faster than inflation, medical costs have become a
large part of an individual's financial picture. For more free advice and information
on many aspects of personal financial planning, visit:
To keep up to date on current financial topics, visit the blog:
Investment advice and investment advisory services offered through Turning Point
Financial, Inc., a NC State Registered Investment Advisory firm.
Many people who have not yet shopped to buy their own insurance plans wonder
how much a family insurance plan will cost.
We are an independent insurance brokerage representing many major health
insurance carriers in multiple states. We have a wide variety of affordable, low cost
health insurance plans ranging from the very budget friendly to the most benefit rich
plans available. Health insurance plans have many moving parts that all effect the
monthly premium. Things like deductibles, co-pays, co-insurance, prescription drug
deductibles all have an effect on how low your monthly premiums will be. We can
help you customize your health insurance plan so that it fits into your monthly budget.
Just fill out the simple form above to get your free health insurance quotes now.
Small Business Tax Credit For Health Insurance
Small businesses that provide health insurance to their employees now qualify for a
special tax credit (up to 35%), due to recent health care reform legislation. The
credit, provided under the Patient Protection and Affordable Care Act, is designed to
encourage small employers to offer health insurance for the first time, or maintain
coverage they already have.
Who is eligible?
Groups with fewer than 25 full-time equivalent employees are eligible. The employer
must pay for at least half of the employees health insurance premiums (can include
dental and vision coverage) and must pay out less than $50,000 in average annual
wages to employees. The total number of employees does not include the business
owner or family members.
Can an employer with 25 or more employees qualify for the credit of some of
the employees are part-time?
Yes. Because the limitation on the number of employees is based on Full-Time
Employees, and employer with 25 or more employees could qualify for the credit if
some of its employees work part-time. For example, an employer with 46 half-time
employees (meaning they are paid wages for 1,040 hours) has the equivalent of 23
Full-Time Employees and therefore may qualify for the credit.
How does the employer claim the credit?
The credit is claimed on the employer's annual income tax return.
Where can an employer find out more?
Beginning in early June 2010, anyone can call Turning Point Benefits Group at
704-887-4984 to find out more information and see if they qualify for this credit. You
can also visit www.irs.gov to get more details.
How long will this tax credit be available to small businesses?
The tax credit is effective for the 2010 tax year, and is currently scheduled to run
through 2014. In 2014 the tax credit increases from 35% to 50% for qualifying
Can other organizations qualify for the credit?
Tax exempt organizations can also qualify for the tax credit. Those organizations can
earn up to a 25% credit for the same guidelines as the small business. That rate
increases to 35% on Jan. 1, 2014.
How would the tax credit look in real dollar amounts?
The Internal Revenue Service provided the following fictional business as an example:
Main Street Mechanic, an automobile repair shop with 10 employees, can get
$24,500 in tax credits for 2010.
Annual Employee health care costs: $70,000
Wages: $250,000 total, or about $25,000 per employee
Tax Credit for 2010: $24,500
Tax Credit for 2014: $35,000
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insurance fast, and at a great
rate. We would recommend
them to anyone!"
-Tom & Jennifer L.