The IRS has issued a chart of each state’s average premiums in the small group market. The information is a key piece of the new health care reform law’s small business health care tax credit, which is available to qualifying small employers.

To be eligible, an employer must have fewer than 25 FTEs and pay average annual wages of less than $50,000 per FTE.

For brokers and advisers in the small group market, the new tax credit presents a significant opportunity to serve new and existing clients. Click here for a detailed explanation of this opportunity from EBA columnist Craig J. Davidson.

Following are the average premiums for the small group market in each state for the 2010 taxable year. For each state, the first number is the average premium for employee-only coverage; the second number is the average premium for family coverage. Family coverage includes any coverage other than employee-only (or single) coverage.

Alaska: $6,204/$13,723

Alabama: 4,441/11,275

Arkansas: 4,329/9,677

Arizona: 4,495/10,239

California: 4,628/10,957

Colorado: 4,972/11,437

Connecticut: 5,419/13,484

District of Columbia: 5,355/12,823

Delaware: 5,602/12,513

Florida: 5,161/12,453

Georgia: 4,612/10,598

Hawaii: 4,228/10,508

Iowa: 4,652/10,503

Idaho: 4,215/9,365

Illinois: 5,198/12,309

Indiana: 4,775/11,222

Kansas: 4,603/11,462

Kentucky: 4,287/10,434

Louisiana: 4,829/11,074

Massachusetts: 5,700/14,138

Maryland: 4,837/11,939

Maine: 5,215/11,887

Michigan: 5,098/12,364

Minnesota: 4,704/11,938

Missouri: 4,663/10,681

Mississippi: 4,533/10,501

Montana: 4,772/10,212

North Carolina: 4,920/11,583

North Dakota: 4,469/10,506

Nebraska: 4,715/11,169

New Hampshire: 5,519/13,624

New Jersey: 5,607/13,521

New Mexico: 4,754/11,404

Nevada: 4,553/10,297

New York: 5,442/12,867

Ohio: 4,667/11,293

Oklahoma: 4,838/11,002

Oregon: 4,681/10,890

Pennsylvania: 5,039/12,471

Rhode Island: 5,887/13,786

South Carolina: 4,899/11,780

South Dakota: 4,497/11,483

Tennessee: 4,611/10,369

Texas: 5,140/11,972

Utah: 4,238/10,935

Virginia: 4,890/11,338

Vermont: 5,244/11,748

Washington: 4,543/10,725

Wisconsin: 5,222/12,819

West Virginia: 4,986/11,611

Wyoming: 5,266/12,163

The chart was issued in IRS Rev. Rul. 2010-13; more information from the IRS explaining the new tax credit is here.