Covered California for Small Business (CCSB) provided the below updates on their Exclusive Tax Credit for Small Business, New Business Deadlines for 2023, and expanded coverage options.
For questions, please contact a member of your B&P Sales Team - 888.722.3373.
Covered California for Small Business (CCSB) is proud to announce NEW features coming in 2023. With the launch of the enhanced MyCCSB Portal in 2022, we are committed to providing Employers added benefits with ease. Stay tuned to learn more about what we have in store for the New Year!
In addition, Covered California for Small Business will continue to offer expanded coverage options to include 3 Contiguous Metal Tiers & 4 Metal Tier options! With these expanded levels of coverage, you can offer Employers more health plan options to find the coverage they want at a price that fits their budget. See below to learn more about how you can offer Employers more ways to maximize their health plan options at no additional cost.
On behalf of all of us at Covered California for Small Business, we want to thank you for being such a vital part of helping small businesses find the coverage they want and need. None of this would be possible if it was not for the support of our Agent and General Agent partners.
As always, stay healthy, stay safe, and thank you for your commitment. We wish you all a prosperous New Year!
Covered California for Small Business
Exclusive Tax Credit for Small Business
With tax deadlines approaching, eligible small businesses can qualify for federal tax credits of up to 50% on premiums to help pay for the cost of providing health insurance. This exclusive tax credit is only available through Covered California for Small Business. Qualifying groups can apply this tax credit on their Federal Tax Return.
For Small Business Clients that:
- have fewer than 25 full-time equivalent employees
- pay an average wage of less than $56,000 a year
- pay at least half of their employees' health insurance premiums
Click here to learn more about how to put money back in their pocket!
Additionally, we’ve created two flyers you can share with your clients. Click below to download these flyers:
New Business Submission Deadline Reminder
As Covered California for Small Business (CCSB) continues to support our partners, we wanted to remind you of our New Business Submission Deadlines for 2023.
Expanded Coverage Options
CCSB has expanded coverage options to include 3 CONTIGUOUS METAL TIERS and 4 METAL TIER options. With these additional levels of coverage, you can offer Employers more health plan options to find the coverage they want at a price that fits their budget.
CCSB Metal Tiers Offer Employers More Ways to...
- Customize their small group coverage at no additional cost
- Control costs with contributions set to any metal tier plan
- Expand options so employees can select coverage that fits their needs
Add flexibility and choice to your portfolio and inform new and renewing Employers that they can select up to 4 tiers of coverage with CCSB.
Click here to download the flyer.