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Tax Credits Calculator

By Edited Aug 16, 2015 0 0

Researchers at GSU have released a micro business tax credits calculator in order to assist employers in crunching the numbers for the purpose of seeing if they qualify for medical reform credits under the newly established law.

The Fifty Health Reform Calculator for Micro Firms will help non-profit agencies and small businesses by determining if they qualify for tax subsidies that cover a portion of health care expenses for insurance this year. It is the originals nationwide calculator for every state. Firms can conveniently access it conveniently at www.gsu.edu.

"We're making an attempt at providing data for employers about the force and affects that health reform will play on the future of their business," said Bill Custer, director of the IHA for center for health services studies.

Small employers or businesses with less than twenty five full time employees earning less than fifty thousand dollars per year may qualify for tax credits to assist in covering the price of insurance beginning this year.

Super incentives are being presented because the amount of workers carrying employer sponsored health plans has declined as premiums have increased.

Custer, with assistant professor Patricia Ketsche, also of the Health Administration, created the tool with the Georgia Health Policy Group in the Andrew Young Center of Policy Studies, the Center for Mississippi Health, and the Florida Health Institute.

The Georgia Health Policy Group has led an aggressive effort to analyze the difficulties of the country's health reform law through several policy briefs. The last one was released last week. It is titled, is "Health Change Implications for Employers".

Other subjects have revolved around how the community state, and medical coverage outfits will be impacted. Several states have come to the forefront for the purpose of requesting a breakdown of medical reform and its results in their areas.

The tax credits calculator is a dependable tool that is being offered to help employers, policy makers, providers, and consumers understand the basics of health care changes.

"This has been a wonderful opportunity to not only work with Georgia State University, but to also work with other states in order to bring forth pertinent information concerning health reform to consumers that will be affected by the law," stated Karen Minyard, prime executive of the Georgia Health Center. "Our main goal from the start has been to comprehend, distribute, and apply what has been learned about real life circumstances."

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