Louisa McQueeney is general manager and chief financial officer of Palm Beach Groves, a small, family-owned Florida gift and food shipping company. She believes it�s important for a small business to provide health insurance for its employees: �It creates a long-term relationship with your employees,� she says.
The health care law, Louisa says, is helping Palm Beach Groves continue to provide health coverage its employees by funding a health care tax credit for targeted small businesses. For Palm Beach Groves, that tax credit amounted to a $7,400 savings that could be used to offset health insurance costs. �
�It�s the first time in 12 years that I�ve actually seen a reduction in [health coverage] cost for the business,� Louisa says. �The decrease in our cost is directly tied to the tax credit. If it wasn�t for the Affordable Care Act, we would not be talking about a tax credit.�
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