MSAA General Membership Meeting January 10, 2013, 8am, Conor O’Neill’s – Health Care Reform for Small Employers: Planning for 2014

Don’t miss this very informative meeting brought to you by our friends at Butzel Long. Learn what you need to know about the changes that are taking place and how they will affect your business.

Health Care Reform for Small Employers: Planning for 2014
Thursday, January 10, 2013
8am, Conor O’Neill’s
Presented by: Jordan S. Schreir – Butzel Long

January 10, 2013

Those present: Tom Murray and Caroline Kaganov, Conor O’Neill’s; Carl Ent, and Rhonda Foxworth,, Bank of Ann Arbor; Nancy Shore, GetDowntown; Chris Dempsey, Academy of Early Music; Angela Pierro, Zero Gravity; Alan Freedman, Four Directions; Charlie Adams and Julie Minerd Salon XL; Gretchen Adracie and Keri Hardy, Cherry Republic; Pippa Creffield, Abracadabra; Peggy Bachli, Ann Arbor State Bank; Doug Martelle, AAPD; Tim Adkins, ISpy; Amy Farnum, Ann Arbor Art Center; Ron Stevens, MBTDC; Lisa Dorwin, Comerica; Pem Sherpa, The Himalayan Bazaar; Roger Pothus, Renaissance; Maren Jackson, Seva;.Maureen Hawley, La Belle Maison; Ken Magee, Ann Arbor Sports Memorabilia/Magic Shop.

President, Tom Murray starts meeting with Introductions

Presenter: Jordan Schreier, Butzel Long P.C.
Health Care Reform for Small Employers: Planning for 2014

January 1, 2014 most Americans must have Minimum Essential Health Coverage (MEC) or pay a tax. Health Insurance Exchanges (HIX) will be set up by the State or by the Federal Government to help employers enroll their employees in qualified health plans. Small employers will receive a tax credit for enrolling employees into the HIX by filling out a 89-41tax credit form. A Small Employer is defined as having no more than 25 Full Time Employees (FTEs) with average wages of less than $50,000 a year. Specifically, Small Employers are responsible to cover 50% of single (not family) health coverage costs for each employee, receiving a max credit of 50%. The smaller the employer the higher the credit.

Large Employers must offer full-time employees and dependent children affordable health coverage that provides minimum value. A Large Employer is defined as having 50 or more combined full time employees on business days in prior calendar year. Full time is considered working 30 hours of service per week on average or 130 hours per month. If you are a restaurant and have full time, part time, and seasonal workers there is a formula to account for all your employees time to see if you are considered a Large Employer. It is important to note that part time and seasonal worker time is accounted for in your monthly averages.

Some employer strategies include: 1) To avoid being a Large Employer reduce all non-essential employees to less than 30 hours/week. 2) Determine cost to offer all full-time employees affordable coverage providing minimum value vs. $3000 nondeductible tax per year for each fulltime employee receiving subsidy through HIX. 3) Review competitive health plan coverage and level of coverage.

For questions contact Jordan Schreier at Butzel Long, P.C., 734.213.3616 or

The U-M Ice Carving Team will be holding their annual Ice Carving Extravaganza January 25-27. If you are interested in them carving a sculpture outside of your business fill out one of the forms handed out.

The Small Business and Technology Center is hosting a Small Business Financing Expo January 17, 2013 from 8:30 a.m. -12 p.m. at Washtenaw Community College. This is a free event that teaches about financing option for small businesses.

Shamrocks and Shenanigans will be March 10th. This fundraising run takes place in Ann Arbor and supports Mott Children’s Hospital. Last year they raised over $60,000.

Restaurant Week will be January 20-25. Please inform your staff, print special menus, and advertise this event in any way possible through social media, signage…

Cherry Republic will have a celebration of receiving their liquor license to sell wine. They will be having a wine opening January 24 and 25th.

U-M’s Polar Plunge will take place Feb. 23 at 10:30 a.m. in the Michigan Stadium. This event is a fundraiser for the Special Olympics Michigan. You can participate as an individual or as a team. To sign up visit the website.

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