Jul 13, 2023
Covered California for Small Business (CCSB) has several exciting opportunities available right now.
New Blue Shield Plans
CCSB introduced six new Blue Shield plans in July.
- Bronze Trio HMO 7000/70 + Child Dental
- Bronze Full PPO Savings 7000 + Child Dental
- Silver Full PPO Savings 2300/25% + Child Dental
- Access+ Silver 70 HMO 2500/55 + Child Dental
- Access+ Gold 80 HMO 250/35 + Child Dental
- Access+ Platinum 90 HMO 0/20 + Child Dental
Tax Credit for Small Groups
Eligible small businesses can potentially qualify for federal tax credits of up to 50% on premiums to help offset the cost of providing health insurance. This exclusive tax credit is only available through Covered California for Small Business (CCSB).
Qualifying groups can apply this tax credit on their Federal Tax Return. This credit may be available for your small business clients that:
- Have fewer than 25 full-time equivalent employees;
- Pay an average wage of less than $58,000 per year; and
- Pay at least half of their employees' health insurance premiums.
Tax credits work on a sliding scale: the smaller the business, or the lower the annual wage, or both, the larger the credit might be.
Details are available here. Employers can also contact their tax professionals or visit the IRS web site.
Earn More with CCSB
Brokers who sell 3 groups between 7/1/2023 and 1/1/2024 will qualify for the broker bonus program. Brokers who sell 6+ groups in during that time will receive an additional 50% to that bonus!
| Group Size | Bonus with 3 Groups | Bonus with 6 Groups |
|---|---|---|
| 4-10 | $1,000 | $1,500 |
| 11-25 | $2,000 | $3,000 |
| 26-50 | $4,000 | $6,000 |
| 51-100 | $8,000 | $12,000 |
Contact your Amwins Connect Regional Sales Manager for more information.
