A Small Business in Arkansas Benefits from the Affordable Care Act
Lisa Sharp runs a bookstore in Fayetteville, Arkansas and she didn’t think she would ever be able to provide health insurance to her employees. After losing several of her staff to jobs that offered benefits, she was happy to learn about the Affordable Care Act’s new small business tax credit. This year, up to 4 million small businesses may be eligible for tax credits, making it easier for them to provide coverage to their workers. And in 2014, a new health care marketplace will ensure small businesses quality, affordable health care coverage options, the same way large employers do today.
“One of my best employees left in the middle of the year because she was offered a job with insurance and I perfectly understood why she needed to do that…until I realized that I could get the 35 percent back, I really didn’t think that I would be able to afford it. At the end of the month I don’t have a lot of money left over to offer benefits and having this reimbursed through my taxes is going to give me that extra money to be able to do this.”
Lisa shared her story as part of the 50 Stories/50 States project. Visit the map to hear about more ways that the Affordable Care Act is helping individuals, families and businesses.