Your customers’ costs – Understanding health care reform

Description

Abstract: As borrowers struggle to earn a profit in today’s topsy-turvy economy, they’re concerned about facing additional financial obligations under the Patient Protection and Affordable Care Act. Lenders can help demystify health care reform for their borrowers — and inform them about ways to manage labor costs in the years ahead. This article looks at how much coverage is mandated, and how small businesses can offset their costs through tax credits and a Small Business Health Options Program or “SHOP exchange.” It also looks at several nuances of the health care tax credit.