Frequently-asked questions. Get a free health insurance quote

Shop now for
2016 coverage.

Coverage gap?

Inexpensive plans, for up to a year.

Shop Short Term plans

Qualifying event?

You can still shop for ACA plans.

Shop Obamacare plans

I have excellent coverage through my employer. Will Obamacare improve my coverage or lower my costs?

  • By
  • Contributor
  • September 4, 2013

Q. I have excellent coverage through my employer, even though I work for a very small firm with just 20 employees. Is there any way that Obamacare stands to improve my coverage or lower my costs?

A. Yes If your boss has fewer than 25 employees, and salaries at your firm average $50,000 or less, Obamacare could help.

If the firm fits this profile and your boss pays at least 50 percent of his employees’ premiums (most small businesses do), your employer will be eligible for a tax credit equal to as much as 50 percent of the amount that he lays out for insurance. If your boss receives the subsidy, he may well decide to lower the amount that he asks you to contribute.

In the summer of 2013, many small-business owners are not yet aware of this opportunity, but as both insurers and the government reach out to them, they will learn about the tax credits.