Fed Paid COBRA Until 09/2021 (a quick take)

You DO Qualify if: o   COBRA qualifying event involves termination of employment. o   COBRA qualifying event involves reduction in hours worked. ·   You DO NOT qualify if: o   Quit voluntarily. o   Resulted from death or divorce from covered employee. o   Covered employee became entitled to Medicare. o   Loss of dependent child status, et. … Read More

NEW – Covered California Special Enrollment Until 12/31/2021

WHAT The American Rescue Plan Act (ARPA) was signed by President Biden on March 11, 2021 to help rebuild the U.S. economy affected by the COVID-19 pandemic and continuing recession. HOW The American Rescue Plan Act improves affordability of marketplace (Covered California) health care coverage by expanding premium assistance for 2020 and 2021. It increases the Advance Premium Tax Credits … Read More

6 Ways To Use The Power of Life Insurance

courtesy of: Prudential Financial Inc The bottom line: When you die, life insurance provides money to the people who depend on you. It can also do much more. So, how do you know which type of policy to choose for a particular need you may have? There are two main types of life insurance policies: Term Policies: For short-term needs, … Read More

FSA Rollover Extensions and More Optional Relief

courtesy of: BASIC FSA rollover is a hot topic for flexible spending account (FSA) participants. After the pandemic caused many FSA eligible services to become unavailable for an extended period, many are wondering, “What will happen to my unused FSA funds after this past unfortunate year?” Thankfully, there is now an answer to that question. Recent legislation, the Consolidated Appropriations … Read More

The Family Glitch

by: Todd Larner What Is The Family Glitch? The “Family Glitch” refers to one of the compromises that was made for employer-based coverage so that the Affordable Care Act (ACA/Obamacare) could be passed into law. Affordability is based on the lowest self-only plan that the employer offers … meaning a plan covering only the employee and not any of their … Read More

2021 Federal Tax Guide

This is a great and timely PDF from MassMutual. The information is current as of 12/28/2020. This information can change so refer to www.irs.gov for the most current info. A handy download button is at the bottom of this post.

Covid Laws – AB685

Courtesy of: Chris Cianci, Senior Associate Lagasse Branch Bell + Kinkead 213-766-4266 | ccianci@lbbklaw.com With the new year upon us, I know many people are eager to get back to some semblance of normalcy and, in particular, back into our workspace with our employees or co-workers. However, with COVID-19 cases spiking in Los Angeles – and expected to increase this … Read More

Covid-19 Enrollment Extension Until 08/31/2020

[countdown date=”31 Aug 2020″ format=”WDH” event=”Until End of Covid-19 Special Enrollment“] Consumers who are insured and eligible to enroll in health care coverage through Covered California will now be able to sign up through the end of August. The extension will also apply to consumers who enroll in off-exchange plans, outside of Covered California, to ensure that people enrolling in … Read More