Home Health & Hospice Week

Industry Note:

Small Businesses Eschew Tax Credit, GAO Finds

If you're not using the Small Employer Health Insurance Tax Credit, you're not alone. When the tax credit was passed as part of health care reform in the Affordable Care Act, the government and advocacy groups estimated that as many as 4 million employers might use it. But in 2010, only about 170,300 small employers used it, the Gov-ernment Accountability Office notes in a new report, "Small Employer Health Tax Credit: Factors Contributing to Low Use and Complexity.""One factor limiting the credit's use is that most very small employers, 83 percent by one estimate, do not offer health insurance," the GAO notes in report summary. "The credit was not large enough to incentivize employers to begin offering insurance."Complex rules on FTEs and average wages also limited use, the GAO adds. And the time needed to calculate the credit deterred claims. The report is online at www.gao.gov/products/GAO-12-549.The government and others had [...]
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in Revenue Cycle Insider
  • 6 annual AAPC-approved CEUs
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more

Other Articles in this issue of

Home Health & Hospice Week

View All