Advertisement

SCORE, websites offer insight on Obamacare

Ask SCORE

July 14, 2013|By BOB POOR | r.poor@myactv.net

Q: We are a local small business  — with five employees — totally confused by what we are hearing about Obamacare. Where can we turn for help in trying to understand what is in store for us?

A: SCORE Hagerstown has a couple of suggestions you can take advantage of quite conveniently. One is live and local; the other involves working online.

SCORE small-business roundtable. You can join other small businesses in attending SCORE Hagerstown’s July 18 roundtable event from noon to 1:30 p.m. in Always Ron’s restaurant’s function room, 29 N. Burhans Blvd. in Hagerstown. Meet Mike Cumberland of Keller Stonebraker Insurance, who will describe how the Affordable Care Act will impact you and your company. He will address the key points that will apply to small businesses in our area, generally 25 employees or fewer. The event and parking are free. Lunch will be available for purchase.

There will be ample time for questions. Increased costs or savings in years to come? Extra costs and more paperwork? Will federal subsidies make this a “game changer” for small companies that have struggled to provide insurance plans? Bring your business and personal concerns for Cumberland to address. He has 22 years of experience in the insurance industry, and specializes in assisting businesses with the design, implementation and management of employee and executive benefit plans.

Internet education sources. The U.S. Small Business Administration (www.sba.gov) and the Internal Revenue Service (www.irs.gov) have sections on their websites devoted to the Affordable Care Act. The SBA site is especially helpful in outlining the key provisions of the act based on the size of your business - self-employed, employers with fewer than 25 employees, employers with fewer than 50 employees and employers with 50 or more employees. An interactive tool enables you to select your state to learn more about health care options where you live.

The IRS site, under the “hot topics” section, deals with the act’s tax provisions.

SCORE serves the local area with free and confidential, face-to-face and online small-business counseling for existing and prospective businesses, along with free and low-cost workshops and seminars. It is a nonprofit membership organization open to men and women interested in serving their communities through helping small businesses provide jobs and growth.

For more information, go to www.scorehagerstown.org or call 301-766-2043.


Robert A. "Bob" Poor is a local small-business owner/operator. He is a small-business mentor and a regular contributor to the Ask SCORE column. Questions may be emailed to him at r.poor@myactv.net or sent by mail in care of The Herald-Mail, P.O. Box 439, Hagerstown, MD 21741, ATTN: Ask SCORE column.

Advertisement
The Herald-Mail Articles
|
|
|