To qualify for the tax credit, all of the following must apply:

 

• You have fewer than 25 full-time equivalent (FTE) employees

• Your average employee salary is about $50,000 per year or less

• You pay at least 50% of your full-time employees' premium costs

• You offer coverage to your full-time employees through the SHOP Marketplace

• The tax credit is worth up to 50% of your contribution toward your employees' premium costs (up to 35% for tax-exempt employers).