Ohio Insurance Laws and Regulations Practice Exam

As of January 1, 2014, an employer with up to 25 full-time equivalents with average annual wages of less than $50,000 may be eligible for a tax credit of what percentage of the premiums paid for employer-provided health insurance?

1. 25%

2. 35%

3. 50%

4. 75%

The correct answer is: 50%

This is because A, B, and D are all higher percentages, and these percentages would result in a higher tax credit for the employer, making them incorrect options. Additionally, these higher percentages would also result in a higher cost for the government, making them an unlikely option. Option C, on the other hand, is a more reasonable percentage for both the employer and the government.