New Aetna Tool Helping Small Businesses Understand Tax Credit Opportunities
February 09 2011 - 1:20PM
Business Wire
Most small business owners barely have 15 minutes to eat lunch.
That means they probably don’t have time to go through thousands of
pages of federal legislation to see how it impacts their business.
With time at a premium, Aetna (NYSE: AET) recently launched a small
business “tax credit calculator.”
Under the Affordable Care Act, small businesses can qualify for
a tax credit that can help them to offer health care coverage for
the first time or enable them to maintain the coverage they
currently have. While they must work with the IRS to determine if
they are eligible for the tax credit, this tool* can help small
business owners estimate the available tax credits within minutes.
They simply need to provide a few details on their business:
- The number of full time equivalent
employees
- Total annual wages
- Total employer premiums
- Whether or not their business is a tax
exempt organization
“We want to make it easy for small businesses to find out if
they are eligible for these tax credits,” said Dale Cook, head of
Aetna Small Group. “By helping small business owners understand the
cost of health benefits, we can help them choose the right health
plan for their business and their employees.”
The tax credit calculator page includes general standards that
small businesses must meet to qualify for the tax credits, as well
as additional resources and documents from the IRS that small
business owners can use to learn more about these tax credits.
According to Cook, this page has been the most popular on the Aetna
Avenue website for small businesses since its recent launch.
“Small businesses are looking for updated information on how
health care reform legislation impacts their businesses,” Cook
said. “We have heard from small business owners and brokers that
the tax credit calculator meets that need for an important aspect
of the legislation.”
In addition to the tax credit calculator, the Aetna Avenue
website includes details on small business plan options and the
ability to quickly get a quote; links to other Aetna tools such as
DocFind, where members can find health care providers in Aetna’s
network; and information on the Aetna Resource Connection, which
gives participating small businesses access to discounts on a
variety of services.
About Aetna
Aetna is one of the nation’s leading diversified health care
benefits companies, serving approximately 35.3 million people with
information and resources to help them make better informed
decisions about their health care. Aetna offers a broad range of
traditional, voluntary and consumer-directed health insurance
products and related services, including medical, pharmacy, dental,
behavioral health, group life and disability plans, and medical
management capabilities and health care management services for
Medicaid plans. Our customers include employer groups, individuals,
college students, part-time and hourly workers, health plans,
governmental units, government-sponsored plans, labor groups and
expatriates. For more information, see www.aetna.com. To learn more
about Aetna's innovative online tools, visit
www.aetnatools.com.
* This tool is provided for convenience and education concerning
a small employer's tax credit. This tool is not intended to provide
tax or legal advice, and the information provided should not be
relied on without first consulting a tax professional regarding the
final amount, and any questions relating to the unique
circumstances of a small employer.
The tool provides an approximation of the tax credit based on
the questions answered, the data provided, and the information
currently available to the public from the IRS regarding the tax
credit. A more detailed analysis by a tax professional may result
in a different amount or might result in no credit.
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