Health care related businesses began opening up Friday in Ohio, which was welcome news for many people in the Buckeye State. Offices, construction, manufacturing, and distribution will join them Monday.
And, while we wait until May 12 for general retail, consumer, and services, it's critical that our small businesses continue to find ways to save money and explore ways to offset the losses they've suffered as the stay-at-home orders and mandated business closures occurred.
For Chamber members, that's where our exclusive member benefits can really help.
Our Chamber has partnered with
Southern Ohio Chamber Alliance
to offer some low-cost options to our members. They're worth considering as you re-open and consider how to offer benefits and other incentives as you ease your employee numbers back up.
Simply put, SOCA
offers our members services
they couldn't normally get. We have a prescription drug card that can save employees of Chamber businesses money and offer an employment verification service. There are HR and other services offered from SOCA that can help too.
On Monday, we'll offer a webinar with Elavon, one of the SOCA benefit providers. Elavon can help businesses streamline and save costs through a variety of solutions.
to find out more about the webinar.
And here is some new and exciting news, Anthem and SOCA are very pleased to announce the SOCA Benefit Plan is making room for sole proprietors. They can enroll in the plan starting July 1.
The broker community has already received instructions from Anthem regarding new case submission. Quoting has already begun.
An eligible sole proprietor must:
- Meet underwriting requirements.
- Work more than 30 hours per week (documentation required).
- Submit a cover page for Form 1040 with Schedule C or Form 1040 with Schedules F and SE.
Regulations limit sole proprietor membership to 10 percent of total SOCA Benefit Plan membership. This is limited to sole proprietors. Presently this offer is not intended for non-profit organizations with one employee.
Contact us and we can help you get started
We're also exploring new ways to help you save by looking into energy cost saving solutions and other health care options that could be gamechangers for small businesses. We''ll have some announcement on those options soon.