Attached is information for your information only, on the small business
tax credit that was passed as a part  of the Federal Health Care Reform
received from our Member Services Partner Wells Fargo.
Have a great week.

Teri Derry
Director of Training and Professional Development
Ohio Provider Resource Association
1152 Goodale Blvd.
Columbus, Ohio 43212
Direct Line: 614-655-0176
Phone: 614-224-6772
Fax: 614-224-3340
e-mail: tderry@opra.org

-----Original Message-----
From: Zelewicz, Jamie
Sent: Thursday, May 06, 2010 4:21 PM
To: Braidech, Mark; Brigham, Lynda; Huff, Gina; 'Jaqueline West'; 'John
O'Connor'; Kordack, Laurie; Morton, Suzette; Rhymer, Barb; Ward, Babette
Subject: Small Business Tax Credit

Dear Colleagues,

In the next week or two, we will put together a comprehensive piece on
the health care tax credit since most of the regulations have now been
released.  In the meantime, here is some information you can forward to
clients who have questions about the credit.  The attachment is a great
piece that is branded by Wells Fargo.

The IRS just released the "average premium" by state, which can be found
at http://www.irs.gov/pub/irs-drop/rr-10-13.pdf.  The client must use
the lesser of their actual premium and the "average premium."  Note that
the IRS may revise these figures by certain regions within Ohio, but
this has not yet been done.

If a client would like more information, here is a link to the IRS
website:
http://www.irs.gov/newsroom/article/0,,id=220848,00.html?portlet=7

Here are a few details:

*  Eligibility for the credit starts with the client's plan year that
begins in 2010;
*  Companies with more than 25 full-time equivalents or an average
salary exceeding $50,000 are not eligible;
*  Owners and shareholders owning more than 2% in an s-corp are removed
from the calculation, along with any of their family members;
*  The employee calculation is based on full-time equivalents;
*  The credit is based on the employer's contribution only, not total
premium;
*  And for those not fluent in mathematics lingo, the numerator is the
top number of a fraction and the denominator is the bottom number of a
fraction.

Jamie A. Zelewicz
Assistant Vice President
Wells Fargo Insurance Services
580 North Fourth St., Suite 400
Columbus, OH 43215
Phone:  614.324.2821
Toll-Free:  866.460.4609 ext. 6
Fax:  866.496.5761
E-mail:  jamie.zelewicz@wellsfargo.com

Wells Fargo Confidential.  Not intended for use, reproduction, or
further distribution outside of Wells Fargo and Company or its
subsidiaries, or to those without a business need to know.

Welcome to the OPRA Members email group, an on-line forum intended to
facilitate timely communication among the members of the Ohio Provider
Resource Association. As a group member, you will receive updates on
important issues related to developmental disabilities(such as work
around the ICFMR, Waiver, rule changes, etc.); and, you will be asked
to
provide your input regarding such issues. Also, you can ?post? to this
site questions and comments on issues of the day, and other members can
respond.

Please note that EACH POSTING GOES TO THE ENTIRE GROUP, AS DO THE
RESPONSES. The group consists of those OPRA members who have provided
us with an email address. You can view this list by clicking on
the ?members? link at this website. We hope to obtain email addresses
from all OPRA members over time.

ALTHOUGH THIS GROUP IS OPEN ONLY TO OPRA MEMBERS, IT IS IMPORTANT TO
REMEMBER THAT OPRA'S MEMBERSHIP IS LARGE AND DIVERSE; THEREFORE, THE
INFORMATION EXCHANGED THROUGH THIS ON-LINE FORUM WILL BE VIEWED BY
INDIVIDUALS WITH A WIDE RANGE OF INTERESTS AND OPINIONS. PLEASE KEEP
THIS IN MIND WHEN CONTRIBUTING YOUR THOUGHTS TO THE GROUP. (BE
COURTEOUS, PROFESSIONAL, ETC.) THE VIEWS OF INDIVIDUAL MEMBERS DO NOT
NECESSARILY REFLECT THE VIEWS OF THE OPRA BOARD OR THE OPRA STAFF.
<b>To send a message to this listserve, please use the reply button or
opra_members@opra.simplelists.com.  Thank you.</b>