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Prior to July 2013, ODJFS was also the state agency responsible for the administration of Ohio's Medicaid program. In July 2013, a new state agency was created, the Ohio Department of Medicaid (ODM), Ohio’s first Executive-level Medicaid agency. ODJFS employs about 2,300 full time employees and has an annual budget of $3.3 billion. [2]
The employer uses the ICHRA to reimburse employees for health insurance premiums, medical bills, dental care, and vision care. The employer can set up an HRA for each employee or a group of employees.
Employers who purchase health insurance through the program may get a tax credit of up to 50% of their premium contributions. The tax credit via Form 8941 is available only to businesses that meet certain standards. Firstly, employers have fewer than 25 employees. [8] Secondly, their employee salary must be less than an average of $50,000. [8]
In 2013, a report from Ohio Hospital Association states that CareSource is the No. 2 health insurer in the state by premium revenue. [29] CareSource celebrated 25 years as one of the nation's largest Managed Medicaid Plans and the largest in Ohio in 2014. The company then served more than 1 million consumers in Ohio and Kentucky. [30]
ERC's mission is to assist organizations in attracting, retaining, and motivating top performing employees. ERC was founded in July 1920 as the American Plan Association of Cleveland . One of the organization’s main goals was to promote open shop employment instead of the common closed shop practice, which meant an employer was either union ...
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