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May 2010  

Tools for the Trade

Healthcare Reform Small Business Credit 

The IRS is making this information widely known and has mailed millions of small businesses by postcards notification.  Ensure you talk to your eligible clients and/or prospects.  This is a fantastic opportunity for a small business!

Eligibility Rules

  • Providing health care coverage. A qualifying employer must cover at least 50 percent of the cost of health care coverage for some of its workers based on the single rate.
  • Firm size. A qualifying employer must have less than the equivalent of 25 full-time workers (for example, an employer with fewer than 50 half-time workers may be eligible).
  • Average annual wage. A qualifying employer must pay average annual wages below $50,000.
  • Both taxable (for profit) and tax-exempt firms qualify.

Controlled Groups

All employees of all corporations which are members of a controlled group of corporations are treated as employed by a single employer. If the total of all employees is more than 50 employees, the corporation would be ineligible

For More Information

News release IR-2010-38, New for 2010: Tax Credit Helps Small Employers Provide Health Insurance Coverage, gives a description of the credit and when and how to claim it.   

 

 

Other Tax Credits Available?  Yes!

As of 2009, House Bill 977 was passed which provided businesses with incentives to elect and offer H.S.A. eligible Qualified High Deductible Health Plans (HDHP's) by:

  • Eliminating both state and county premium taxes on HSA-qualified HDHP's, giving HDHP plans a premium tax savings of 2.5 to 5 percent, depending on the county.
  • Offering businesses with fewer than 50 employees that offer HDHPs and pay at least $250 a year toward the cost of coverage a $250 tax credit for each employee enrolled in an HSA-qualified HDHP for a full year.

Incidentally, this legislation also made it advantageous for individuals to purchase an HSA-eligible plan.

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President's Report

As the school year came to a close and my own children fell headlong into the madness of spring fever, it occurred to me that we can occasionally suffer from a similar mindset in our businesses. 

Our children faced finals and projects and reports, with the knowledge that a break was right around the corner.  The pressure can make them cranky and unruly. 

We face our own tests: Finalist presentations, Open Enrollments and increased competition from sources that didn't exist until very recently.  It can make us cranky and unruly!  On top of all the mess within HCR, we have to deal with the tactical 'on the ground' stuff in our own private practices.  It's enough to drive you bonkers!

Amidst all of the negative out there, we owe it to ourselves, our families and our clients to "Just Breathe," as my daughter would say.  And that's good advice, I think.  Please take a moment to be thankful that, despite mounting evidence splashed across the TV screen that says otherwise, we live in a country where we STILL have freedoms that much of the world cannot comprehend. 

With those freedoms come responsibility. 

We should be thankful for that responsibility, and live up to it!  In the moments when we sit back, take a breath and make a effort to appreciate what we have, we easily realize that we are truly blessed.

Yes, we still have work to do.  The freedoms we enjoy have a price, after all.  But it's a price that we should bear with joy. 

So get ready for summer.  Take a breath. 

Come to think of it, what better place to take a breath than the Ritz Carlton Lodge at Lake Oconee during the GAHU Convention June 16-18? (You didn't think you were getting off without the Convention pitch, did you?!) 

Regardless of where you 'take your breath', please recharge those batteries and come back with the energy your families and clients deserve! 

Happy Summer, my GAHU colleagues!

Blake Watts

2009-2010 GAHU President

[email protected]

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What's in it for Me?

2010 GAHU Convention

GAHU's convention will be held at the Ritz Carlton Reynolds Plantation on June 16th - 18th, 2010.   Click Here for Registration Brochure

Keynote Speaker

Neal Boortz

General Sessions:

  • "Shape of the New America" presented by Russell B. Childers, CLU, RHU, NAHU President.
  • "Creating Value as a Benefit Professional" presented by Mel Schlesinger, RHU, REBC, NAHU Vice President.
  • "Myths of Health Insurance Reform - Why Government needs to stay out of the Health Insurance business" presented by Neal Boortz.

GAHU Healthcare Summit:

Gain an understanding of the "Georgia Response" to Health Care regulations from all perspectives:

  • Regulatory & Legislative Panel
  • Business & Consumers Panel
  • Providers Panel

Attendees & Sponsors/Exhibitors:

The vendor space sold out!

In addition to the sponsors list below, a special "Thanks" to Purchasing Alliance as a breakfast sponsor and name badge sponsor.

Signature Sponsor

Blue Cross Blue Shield of Georgia

Platinum Plus Sponsors

Purchasing Alliance Solutions, inc.

Platinum Sponsors

United Healthcare of Georgia/OptumHealth Financial Services

OptumHealth Financial Services/United Healthcare of Georgia

AFLAC

Coventry Health Care of Georgia, Inc.

EyeMed Vision Care

Group Resources

Renaissance Dental

Symetra Life Insurance Company

Walgreens

Gold Sponsors

Abacus

Advantica

American General Life Companies

Atlanta DI Center

BenefitMall

Business Distribution Solutions

Companion Life

CTGroup

First Horizon MSAVER

HCC Life Insurance Company

Heart of Georgia Insurance Brokers

Humana

JL Herring & Associates

Kaiser Permanente

Northside Hospital

Principal Financial Group

Quotit Corporation

Securian Dental Plans

 

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Welcome New Members

 

Full_Name

Company

Chapter

Jane M. Ames

Jane Ames Consulting

GAATLANTA

David Barrett, Jr.

Coventry Healthcare of GA

GAMIDDLE

Teresa G. Beeghly

Moulton & Hardin, Inc.

GASOUTH

Brent Boyle, CBC

Boyle Financial Services

GAATLANTA

Sheila Bulla

Coventry Health Care

GASOATLANTA

Holly G. Conley

Insurance Now

GAATLANTA

Vicki D. Davis

Moulton & Hardin, Inc.

GASOUTH

Angela K. Dedge

Moulton & Hardin, Inc.

GASOUTH

Robert Donald

Donald Insurance Services

GANORTHEAST

Mary Ebinger

Mary Ebinger & Assoc.

GAATLANTA

Yvonne Forbes

Forbes Insurance Services, Inc.

GASOATLANTA

Brooke M. Grant

SEBS of GA, Inc

GAATLANTA

Paul S. Hardin

Moulton & Hardin, Inc.

GAATLANTA

Mr. John H. Harris

Johnny Harris Insurance

GACSRIVERAREA

Mr. Paul W. Helfrich, LUTCF

Helfrich Brokerage Services, Inc.

GASOUTH

Claire Howes

Coventry Healthcare of GA

GAATLANTA

David K. James

 

GAATLANTA

Christopher J. Mele

Wellpoint Inc.

GAATLANTA

Michael Morrow

Wells Fargo Insurance Services USA, Inc.

GAATLANTA

Samantha Myers

Tim Smith & Associates Inc

GASOUTH

William Neglia

Neglia Insurance Group

GAATLANTA

Jiles Parham, CLU

The Financial Track

GASOATLANTA

Frank Pearson

Pearson's Planning Options, Inc.

GACSRIVERAREA

Johana M. Ramzanali

Admin America, Inc.

GAATLANTA

Rocco Solorzano

Benefits Depot USA LLC

GAATLANTA

Mr. John Wood

Allstate Workplace Division

GACOASTAL

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Calendar of Events

 


 GAHU State Event

Scheduled Meeting Date/Time

Special Notice

Visit GAHU's Site for Updates

Click Here for Website

Join GAHU by clicking here

 

Ritz Carlton Reynolds Plantation

June 16 - 18th 2010

2010 GAHU Convention

'Professional Renewal'

Click Here for Details

Sponsorship opportunities available!

 

 

 

Local Chapter Events/Meetings

Normally Scheduled Meeting Date/Time

Special Notice or

Up-Coming Events

Atlanta                  

Click Here for Website

 
Sponsorship details available for up-coming meetings!  Check with [email protected]

 

 

Date:

3rd Friday Monthly

Time:

7:30 AM - 10:00 AM

 

 

Save the Date:

June 11th: Awards Meeting

 

 

Coastal Empire (Savannah): 

Click Here for Website

 

CEAHU 6th Annual

Symposium & Exhibitor Fair

 

 

Date:

3rd Friday Monthly

Time:

11:30 AM - 2:00 PM

 

 

CSRA (Augusta):  

Click Here for Website

 

 

 

Date:

2nd Wednesday Monthly

Time:

12:00 Noon - 2:00 PM

Registration @ 11:30AM

Augusta DoubleTree Hotel

 

 

Middle Georgia (Macon):

 

Date:

1st Thursday Monthly

Time:

10:00 AM - 12:00 Noon

 

 

Northeast Georgia (Commerce):           

Click Here for Website

 

Date:

2nd Wednesday Monthly

Time:

8:30 AM - 10:30 AM

 

 

Northwest Georgia (Calhoun):           

 

Date:

2nd Wednesday Monthly

Time:

8:30 AM - 10:30 AM

 

 

South Atlanta (College Park):           

Click Here for Meeting Info

 

 

Save the Date:  June 24

Awards & Sponsorship Appreciation Breakfast

Topic:

How the Health Care Reform Will Impact Your Clients

Presenter:

Michael Keegan, NAHU Director of State Affairs

Note:

1 Hour of Ethics CE applied for

Date:

3rd Thursday Monthly

Time:

11:30 AM - 2:00 PM

 

 

 

 

 

 

 

 

 

 

South Georgia:

2010 Meeting Schedule

 

Dates & Times:

  • October 26th: 7:30AM - 5:00PM

 

Location:

Phoebe East,

2410 Sylvester Road, Albany

 

For additional information contact:

Sue Luckie, SGHU VP

229-883-2701

[email protected]

Date:

Twice Per Year

Time:

Varies

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