The Setting Every Community Up For Retirement Enhancement (SECURE) Act, which took effect Jan. 1, 2020, has many significant impacts on individuals nearing retirement. It may also help small businesses offer better benefits to current and prospective employees. The new law contains two main provisions aimed...
Covered California – the state’s Affordable Care Act (ACA) insurance exchange - recently announced that 418,052 people had newly selected a health plan for 2020 during the most recent open enrollment period. The total is more than 122,000, or 41 percent, higher than last year’s...
According to data from the Kaiser Family Foundation, approximately 49 percent of the U.S. population receives employer-sponsored health insurance – with California topping the list of states that have the greatest total number of people covered by group health insurance plans. The dramatic spike in unemployment...
The Setting Every Community Up For Retirement Enhancement (SECURE) Act’s most immediate impacts will be experienced by those nearing or already in retirement. The SECURE Act makes significant changes in several key areas: 1) delaying the required minimum distribution (RMD) date for retirement plans, 2) removing...
During this difficult time, the COVID-19 pandemic is having unprecedented impacts on businesses across the nation. Signed by President Trump on March 18, 2020, the Families First Coronavirus Response Act (FFCRA) is designed to provide assistance to struggling employers and employees. It is effective April...