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Have questions about how the health care law will impact your business in Oregon? SBA and Cover Oregon are teaming up to bring you a series of Google+ Hangouts that will dive into specific topics of the Affordable Care Act like the Marketplace and the small business tax credit.The second in the series, this Hangout will cover what businesses need to know about the small business tax credit tax credit and eligibility requirements. The first Hangout discussed what businesses need to know about the new Health Care Marketplace in Oregon, Cover Oregon.
Through Cover Oregon, employers and individuals will be able to shop for health insurance plans and access financial assistance to help pay for coverage.
Oregon is among 17 other states and the District of Columbia that have chosen to establish their own State Marketplace.
Join us to learn how Cover Oregon can help you:
Topic: Is my business eligible for the small business tax credits under the ACA and what’s the procedure?
When: August 27, 2013; 10:30-11:00 a.m. PDT
Participants: Meredith Olafson, Senior Policy Advisor at SBA; Marisa O’Brien, Business Marketing Specialist for Cover Oregon; and Mike Roach, Small Business Owner of Paloma Clothing
Moderator: Linda Baker, Editor, Oregon Business Magazine
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Regional Administrator Calvin Goings |
America’s 28 million small businesses are the backbone of our economy, creating two out of every three net new jobs and employing half of America’s workforce. From mom-and-pop stores and restaurants, to high-tech startups and productive manufacturers, small businesses are helping to drive our economy and create jobs in our local communities.
Many small business owners consider their employees to be part of their family, and providing benefits such as health care is one important tool they have to help retain their talented workforce and compete for skilled employees.
The U.S. Small Business Administration (SBA) is committed to giving small business owners the resources they need to start and grow a business– including access to critical information about how the Affordable Care Act (ACA) works.
Under the Affordable Care Act, small employers will have more options.
First, starting January 1st, 2014, small businesses with generally up to 50 full-time equivalent employees will be able to purchase health insurance through the online health insurance marketplace for small businesses, known as SHOP.
The SHOP Marketplace will offer employers a choice of qualified health plans from different private health insurers and make it easier for employers to make side-by-side comparisons between these plans, based on price and benefits.
SHOP also offers employers and their employees access to health insurance plans that must include a package of “Essential Health Benefits” like coverage for doctor visits, preventive care, hospitalization and prescriptions. Any many small employers may be eligible for tax credits of up to 50% of their premium costs if they choose to purchase coverage through SHOP.
Enrollment starts on October 1st for coverage beginning January 1, 2014.
The Affordable Care Act allows small employers to offer health coverage in a way that makes sense for their business and works for their bottom line. And the SBA is committed to leveraging our resources and federal partnerships to connect you with the facts and resources you need to understand the law.
I hope you have found this information useful. Please feel free to forward this to your friends and colleagues. If you have comments or questions for me, please contact Connie Marshall in my office at connie.marshall@sba.gov. Sincerely, Calvin CALVIN W. GOINGS
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As part of a robust education and outreach effort, the Small Business Administration and Small Business Majority are launching the Affordable Care Act 101 weekly webinar series. Small business owners can learn the basics of the Affordable Care Act and what it means for their company and employees, including insurance reforms, the small business health care tax credit, the new health insurance marketplaces, and employer shared responsibility provisions. Each week, SBA representatives will walk through the key pieces of the law so that small business owners can understand the facts and make the best, informed decisions they can about providing health insurance for their employees.
The Affordable Care Act 101 will take place every Thursday from now through the opening of the marketplaces in October. Below are the registration links for the next three presentations. Registration for later webinars will be available shortly.
Thursday, August 1 at 11:00 AM PDT: Click to Register Thursday, August 8 at 11:00 AM PDT: Click to Register Thursday, August 15 at 11:00 AM PDT: Click to Register
If you have any questions, please contact Chris Van Es at Christopher.vanes@sba.gov. Please forward this announcement to any interested stakeholders.
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