March 12, 2013Vol. 3
Issue No. 3
Harbour Health Insurance Solutions
March 2013 Newsletter
Good Morning!
We've put together some of the most recent important news in the insurance industry.
Please give us a call or send us an email if you have any questions or concerns about the information enclosed in this newsletter.   We look forward to being an advocate for you in the insurance world.   Have a happy and healthy day!

More about Health Care Reform & Taxes 2013
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In This Issue
Health Care Reform
4 key tax changes in 2013

1. Medical Expenses 

Currently, taxpayers may deduct medical expenses if they itemize deductions and medical expenses are more than 7.5% of their adjusted gross income (AGI). Only expenses that are more than this 7.5% "floor" are deductible. Starting in 2013, the floor is raised to 10%. 

 
2013 New Year Ahead

2. Flexible spending arrangements 

Contributions are made "pre-tax" to FSAs. Currently, there is no cap on health FSA contributions. Starting in 2013, the amount of money an employee may contribute to a health FSA will be capped at $2,500.  

 

3. Medicare payroll tax

Starting in 2013, employees earning more than $200,000 ($250,000 for married taxpayers filing jointly) will pay 2.35%, an additional 0.9% Medicare tax.

4. Medicare tax on net investment income

Starting in 2013, a 3.8% tax will be imposed on net investment income of higher income individuals.  

 

CLICK HERE to read the full article from H&R Block, and find more information about the Affordable Care Act Tax Provisions from IRS.gov HERE.
Small Business Health Care Tax Credit: Questions and Answers

Federal law gives a tax credit to eligible small employers who provide health care coverage to their employees. 

Health Coverage Tax CreditMore detailed guidance is available in Notices 2010-44 and 2010-82.

 

CLICK HERE to find out "What You Need to Know about the Small Business Health Care Tax Credit" from IRS.gov 

Hilton Head Health - Wellness Tip
Social & Physical Activity Add Years to Life
Hilton Head Health

Keep or make new friends and exercise, that's the advice to increase longevity that comes from a new study published in the BMJ (British Medical Journal) and discussed in a recent issue of the Tufts University Health and Social and Physical Activity Add Years to Life Letter.

  

It's not surprising to see that exercise made a difference, in fact it was the most important factor; but maintaining a rich social network was almost as important.

 

The Swedish study found that people over the age of 75 with a physically and socially active lifestyle lived an average of 5.4 years longer than their less active peers. Even at age 85 and older the "active" seniors lived an additional 4 years.

 

CLICK HERE to read the full article from H3Daily.com  

 

Hilton Head Health (H3), is America's premier weight loss and health resort located on the shores of Hilton Head, South Carolina. For years, H3 has helped thousands of individuals learn to take control of their health through its proven Healthy Lifestyle™ program.  The tranquil environment and private facility is the perfect setting for a professional getaway. If a corporate retreat sounds right for your company, all (843)785-3919 or visit H3 online at www.hhhealth.com.

'Like' Hilton Head Health on Facebook and 'Follow' us on Pinterest & Twitter!

Recipes from H3 Healthy Kitchen Chef Jen Welper: 

Southern Favorites Recipes

H3 Healthy Kitchen  

As residents of the Lowcountry, we grew up on southern favorites that others travel here to taste. Although not always the healthiest, our unique cuisine is full of rich flavors that reflect the history of our region. With a few simple cooking tricks, you can enjoy all the dishes you grew up on without guilt. For example, use a medley of sharp cheeses in your cheese grits to cut back on the cheese while preserving that rich, creamy flavor. Bread and bake chicken instead of frying it-you will still get that crunch we all love without all the fat. Lastly, with such a bounty of fresh seafood available, be sure to incorporate seafood into at least two meals per week. Seafood has many health benefits other proteins do not offer.

Experience Lowcountry cooking at the H3 Healthy Kitchen in our newest Chef's Table offering, Gullah Style: A Lowcountry Celebration on March 28th. This Chef's Table includes a four-course meal featuring classics such as a seafood trio and blackberry cobbler with homemade ice cream, beer pairings, a recipe booklet and commemorative gift. Other Chef's Table themes include Italy: A Taste of Umbria, Classic American Chop House and France: Sundays in Alsace, just to name a few.  

 

If you're looking to get hands-on, H3 Healthy Kitchen also offers healthy cooking classes with topics ranging from Seafood 101 to Cooking for One. View the H3 Healthy Kitchen event calendar online or call (843) 785-3919 for information on H3 Healthy Kitchen offerings, wine tastings and private events.
If you have any questions, concerns, comments, or would like any additional information please feel free to contact any member of Harbour Health Insurance Solutions.

Thank you!

C. Grant Cully

GCully@hhisolutions.com 

John Rhodes

JRhodes@hhisolutions.com 

Karen Cully

KCully@hhisolutions.com 

Andrew Hazel

AHazel@hhisolutions.com 

Janet Cully

JCully@hhisolutions.com 

Gibbes McDowell

GMcDowell@hhisolutions.com 

WHHI TV's  

Harbour Health Insurance Solutions - www.hhisolutions.com - (843) 671-9200 or (843) 837-9200 

We want your feedback!
Good or Bad, Complaint or Compliment, please let us know what you think we are doing right and if you think we can improve on anything.

 We strive to ensure that you are pleased with our work and we truly appreciate any remarks that will help both improve our operations and promote our best qualities.  
 
CLICK HERE to let us know your opinion about Harbour Health
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