ADMINISTRATION RELEASES NEW GUIDANCE ON SMALL BUSINESS HEALTH CARE TAX CREDIT

Small Businesses May Receive Both State and Federal Tax Credits,
Dental and Vision Coverage Eligible for Credit

Key Facts about New Guidance on the Small Business Health Care Tax Credit:

  • Provides detailed information to make it easier for small businesses to determine whether they are eligible and how large a credit they will receive.
  • Resolves a number of key implementation issues in ways that allow employers to receive the maximum credit available under the law.
  • Clarifies that a business’s credit will not be reduced because the business also receives a health care tax credit or subsidy from a state.
  • Allows small businesses to receive the credit not only for regular health insurance but also for add-on dental, vision, and other limited-scope health insurance coverage.

Read More Of The Report

The Cigarette Tax Has Passed! Congrats to Everyone Who Worked So Hard For So Long

Yesterday the General Assembly voted to override Gov. Mark Sanford’s veto.  After thirty- three years and an eight year effort South Carolina has finally increased its cigarette tax!

We have successfully raised the once lowest in the nation tax, from a measly seven cents to fifty-seven cents per pack. The House vote of 90-29 and the Senate vote of 33-13 will help to raise an estimated $135 million to  fund our struggling Medicaid program, cancer research and smoking cessation programs.

We sincerely thank all the legislators that stood up and opposed Sanford’s veto to do what was just and needed for South Carolina’s citizens.

This was a collaborative effort, and we thank all the many groups who supported and aided this nearly decade-long battle.

Please take a minute to read the articles about this historic passage and tune into WIS News Watch on Sunday morning at 10:30 to see Sue Berkowitz explain the importance of the increase.

Senate Overrides Sanford’s cig tax veto

Long road to victory: Higher cigarette tax becomes lawS.C.

From Our Friends At SC Fair Share

The General Assembly has sent a 50 cent cigarette tax increase bill (H. 3584) to Governor Sanford.  All but $10 million goes to fund, with the remainder divided between smoking cessation programs and MUSC’s Hollings Cancer Center for tobacco-related cancer research.

Governor Sanford will, in all likelihood, veto the legislation tomorrow.

It is critical that you call your House member (http://www.scstatehouse.gov/html-pages/housemembersd.html) and Senator (http://www.scstatehouse.gov/html-pages/senatemembersd.html) now and urge them to “vote to override the Governor’s veto on the cigarette tax bill”.

South Carolina Small Business Chamber of Commerce Commercial

Congratulations to Frank Knapp with the SC Small Business Chamber of Commerce who has filmed a commercial on the benefits of the new healthcare law for small business owners and their employees.

more about “frank knapp“, posted with vodpod

Reminder! Health Care Implementation Meeting in Florence on Monday!

You’ve heard the scare tactics and lies, now learn how health care changes will promote quality affordable health care in South Carolina

join us for our

Health Care Implementation Meeting

Monday, May 3rd


6:00 – 7:30 p.m.

at the

Poyner Adult and Community Education Center

301 South Dargan Street

Florence, SC 29506

(843) 664-8152

Need help finding your way? Here’s a map to The Poyner Adult and Community Education Center

Dont Forget! Health Care Implementation Meeting on Monday In Greenville

We will discuss what initiatives have gone into effect and the process of implementing the rest of the improvements over the next few years. These meetings are open to the public. Please feel free to bring anyone interested in how these improvements will benefit South Carolina.

Greenville

Monday April 26th, 2010

6:00-7:30 p.m.

Hughes Main Library

25 Heritage Green Place

Quick Wins: Who Will Be Helped Right Away By the New Health Care Reform Law?

From our Friends at Community Catalyst

National health care reform will have immediate benefits for Americans seeking quality,
affordable health care. Focusing on the benefits that these policies will have on real people’s
lives will help gain greater support for the new law, and put a human face on the issues that are
being resolved.

Read the Report

Summary of Medicaid, CHIP, and Low-Income Provisions in Health Care Reform

On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act (Public Law 111-148), which is designed (with its companion set of amendments in H.R. 4782) to provide coverage to 32 million uninsured people, adopt broad-reaching reforms in insurance industry practices, make major new investments in public health, and reduce the federal deficit. By 2019, 92 percent of the non-elderly population is expected to have health insurance (94 percent if undocumented immigrants are excluded from the calculation). In that year, an additional 16 million individuals will obtain coverage through Medicaid and CHIP and 29 million will obtain coverage through new health insurance Exchanges.

Read the Summary

Key Dates in Reform Implementation

From our Friends at the Georgetown University Health Policy Institute Center for Children and Families

Key Health Care Reform Dates for Children & Families

2010 • States must maintain Medicaid/CHIP eligibility levels and enrollment procedures in effect on March 23, 2010 (until 2014, with some exceptions, for adults and 2019 for children).

• States can continue to expand eligibility or simplify enrollment in Medicaid and CHIP.

• Small employers receive tax credits to purchase employee health care premiums.

• States have option (under certain conditions) to provide CHIP to children of state employees.

• By July 1, 2010, a temporary, high-risk pool is established for qualified uninsured persons with pre-existing conditions (in place until 2014).

• Seniors begin to receive rebates/discounts toward drug coverage (with elimination of the “dough­nut hole” by 2020).

• After September 23, 2010 (as a new health plan year begins):

o Young adults can remain on their parents’ health plan until age 26.

o Children with insurance can no longer be denied coverage for pre-existing conditions.

o Insurance plans can no longer impose lifetime caps or restrictive annual limits on coverage, and cannot rescind coverage when a person becomes sick.

o New plans must provide free preventive services to all enrollees.

2011-2013 • By March 23, 2011, states provided federal grants to plan for and establish Exchanges.

• Medicaid physician payments increased, at federal cost, to Medicare levels for primary care ser­vices (for 2013 and 2014).

• Medicare beneficiaries receive annual exams and other preventive services at no cost.

2014 • Most people required to purchase coverage or pay a tax penalty.

• New federal Medicaid floor of 133% of the FPL (based on adjusted gross income with 5 percent disregard) for adults and children. Medicaid and CHIP coverage for children still maintained.

• Enhanced federal financial assistance for states covering newly-eligible adults and for expansion states (those that already cover adults up to or above 100% of the FPL) covering childless adults.

• Individuals (including lawfully residing immigrants) and small businesses can purchase affordable coverage through state-based Exchanges; low- to moderate-income families receive premium tax credits and cost sharing subsidies.

• Children up to age 26 who “age-out” of foster care are eligible to continue receiving Medicaid.

• Insurance companies must cover the care of pre-existing conditions for both adults and children, can no longer set annual coverage limits (in addition to lifetime limits), and cannot deny coverage or charge higher premiums based on health status.

• Exchanges must be financially self-sustaining by end of 2014.

2015 • CHIP funded through September 30, 2015. If state runs out of federal funding, children can be enrolled in comparable Exchange plans.

• States receive a 23 percentage points increase in CHIP federal match rate (effective October 1, 2015).

Great Coverage Of Last Nights Health Care Meeting By ABC Columbia