Kansas Health Insurance Tax Credits
There is help for small businesses that have not offered health insurance for their employees in the past, but that want to start doing so.
The state of Kansas offers a special income tax credit to businesses that have between 2 and 50 employees and that have not contributed to any health insurance premium or health savings account within the preceding two years. Businesses that have been in existence for less than two years and have not provided any health insurance or made health savings account contributions for employees are also eligible.
The amount of the tax credit is
- $70 per month per eligible employee for the first 12 months
- $50 per month per eligible employee for the second 12 months
- $35 per month per eligible employee for the third 12 months
- nothing after that
To download a brochure about the tax credits from the Kansas Insurance Department, click here.
To use the tax credits, you will need to register with the Kansas Insurance Department. You can call Craig Van Aalst at 1-800-432-2484 or 785-296-7850, or you can register online at www.ksinsurance.org.
You will also need to complete the Department of Revenue Schedule K-57. You can download a copy here.
