Small Business Minnesota News June 25, 2013

Small business owners attend a standing-room-only MNsure event

Small Business Minnesota hosted a standing-room only forum on MNsure, Minnesota’s new health insurance exchange.

Small business owners heard a straightforward, candid presentation direct from the source: April ToddMalmlov, MNsure’s executive director. Her presentation included solid information on costs, requirements, small business tax credits and more. This was followed by a lengthy and candid Q&A session.

Snapshots:

  • Oct. 1 – Enrollment begins for sole proprietors, freelancers and small businesses with up to 50 fulltime employees or 50 FTEs.
  • Jan. 1 – coverage begins
  • Tax credits are available for qualifying taxable and tax-exempt organizations. Tax credit calculator.
  • Small businesses are not required to offer health insurance benefits. However, those with more than 50 employees or FTEs will pay an assessment if they do not offer qualified coverage.
  • MNsure small business website

Thank you to our gold-level event sponsor Thompson Hall Santi Cerny & Dooley.

Due to the popularity of the event as well as the inaccurate information coming from other sources, Small Business Minnesota is exploring a repeat of the forum.

Video: Small Business Minnesota Advocacy on the Health Insurance Exchange

Related health insurance exchange news:

According to this Forbes article, California’s strong active purchaser lowers premium costs. “The jolt that I was experiencing was not the result of the predicted out-of-control premium costs but the shock of rates far lower than what I expected—even at the lowest end of the age scale.”

LA Times: California picks 13 health plans for state-run insurance market

MN2020: MNsure must use leverage for consumers

Department of Revenue offers tax-law change updates and conference calls

The Department of Revenue is posting updates on tax law changes Thursdays in July. The posts provide guidance and instruction regarding the tax changes. View the department’s website for more information, to see the release schedule and/or sign up for email alerts on all tax law changes including weekly conference call details.

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Small Business Minnesota members invited to sign climate declaration

The American Sustainable Business Council has invited Small Business Minnesota members to  join 360 other small businesses from 47 states to sign the Climate Declaration. The declaration calls on U.S. policymakers to capture the American economic opportunities in addressing climate change.

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