Central Ohio Minority Business Association
Weekly Update For October 13, 2017


I recently read an article written in 2014; however it is as or more relevant today! For years our Team and Partners have shared the benefits of Partnering with other Businesses that provide completely different, complimentary and even the same services as they provide. It's not for everyone, but We believe that it works for more of All of Us than what's believed. Therefore, we will not give on up sharing the benefits!

" There is definitely a sense of independence one gains when  venturing into the world of entrepreneurship . And most small business owners naturall y have a “Go it alone” sensibility that permeates many aspects of their day-to-day activities. Yet there can be real value in embracing the possibility of a partnership. For the business owner who has a collaborative mindset, the opportunities can be substantial.
Partnerships can take many forms when it comes to business. They can strengthen purchasing power, open new doors for increased sales, and even  help support worthy causes . Let’s take a closer look at the most common types of business partnerships and how they can be leveraged."

 Have a Great Day!

Kim Knights, President
Central Ohio Minority Business Association
911 Robinwood Avenue
Suite A
Whitehall, Ohio 43213
614 252 8005
Weekly Highlight
2018 Health Care Open Enrollment
November 1, 2017 through December 15, 2017
6 weeks  to get enrolled in coverage or make changes to your existing plans.
Things to Know
Fewer Insurance Companies Available
Anthem Insurance Company will no longer be available as an option for individual coverage in 2018.  Companies providing coverage for central Ohio residents are expected to be Medical Mutual of Ohio, Molina Health and CareSource. If you reside outside of central Ohio, contact our office for the name of the company (ies) offering health insurance coverage in your county.
Renewal Letters from Insurance Companies and the Marketplace
Early October you will begin to receive renewal letters from the Marketplace and your insurance company. Be sure to open your mail. Premiums and plans will change for 2018.
Limited Access to Hospitals in Networks
Most plans available will be HMO plans (in-network benefits only) and will greatly reduce the number of hospitals and physicians available. Be sure to consult with your physician(s) to determine the insurance carrier and health plan that they will accept.
Premium Subsidy Update
If you are receiving a premium subsidy from the Marketplace and your income has changed, you must contact the Marketplace to update your subsidy amount. If your income increased, you may have to refund a portion of the subsidy received when you file your 2017 income tax or if your income decreased, you could be eligible for a larger subsidy.  The Marketplace can be reached at  1800 318-2596 .
2018 Enrollment Requires Electronic Payments Only
At the time of application, payment must be made with future premium payments through monthly electronic funds transfer.  If your policy lapses for non-payment, reinstatements may not be available thus, you would not   be eligible for coverage until 2019.
Special Enrollment Period
Remember, if you lose coverage or have a life change, you have 60 days before or 60 days after the change to obtain new coverage. If you miss these dates, you would have to wait until Open Enrollment.
We’re here to help. Call our office to schedule your enrollment appointment today for Open Enrollment 2018. 
Sandra Moody Gresham, LUTCF, CLTC, CPIA
Dehan Enterprises Insurance & Financial Services LLC
614 238-3520  (o)/ 614 586-1719  (fax)

Business Workshops
Let's Work Together To Make It Work!
Wed, November 8, 2017
10:00 AM – 3:00 PM
This FREE FORUM is focused on meeting the needs of Construction-related Employers and potential Employees as it relates to Job Readiness. The discussion is focused around the following City Ordinance:  COLUMBUS CITY CODE AMENDMENT: Councilmember Elizabeth Brown is sponsoring ordinance 1970- 2017 to amend various sections of Chapter 329 of the Columbus City Codes. Read more
Our Panel Discussion will be comprised of Owners of construction-related businesses who will share their experiences with hiring individuals in transition, such as restored citizens.

Predatory Lending
Have any of you ever experienced Predatory Lending? Just in case you're not sure Small Business Predatory lending is defined as, the practice of a lender deceptively convincing small business owner borrowers to agree to unfair and abusive loan terms, or systematically violating those terms in ways that make it difficult for the borrower to defend against. 
 The most common examples of small-business predatory lending include:
・        Receiving a small business loan online where the agreed upon loan terms at loan origination differed from the actual terms once payments began. 
・        Receiving a small business loan online that contained hidden or misrepresented fees and/or costs not initially agreed upon at loan origination.
・        Receiving misleading and/or not clearly defined processes (loan payment processes, collateral agreement processes, etc.) during initial loan origination that differed with actual processes once payments began. 

If you think that you may have been exposed please take a couple minutes to fill out the following survey: All respondents will be entered into a drawing to receive a FREE $100 VISA gift card, courtesy of ECDI! Again, survey can be found here: Click Here
The Central Ohio Minority Business Association (COMBA), a private, not for profit agency, has been providing business and economic development and educational services to the Ohio minority and disadvantaged business community since 1978. COMBA provides entrepreneurial development and support to minority, female, socially and economically disadvantaged business owners. 

Central Ohio Minority Business Association
911 Robinwood Avenue
Suite A
Whitehall, Ohio 43213
For an appointment please call - 614 252 8005