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Category Archives: Blog

  • Stimulus Bill Extends FFCRA Tax Credits but Not Leave Mandate

    Employer Credits Available for Leave Offered Through March 2021

    An appropriations bill passed by Congress on Dec. 21, 2020, and expected to be signed into law by President Donald Trump does not extend the paid sick leave and expanded family and medical leave mandates created by the Families First Coronavirus Response Act (FFCRA). These leave requirements expire on Dec. 31, 2020.

    However, the bill does extend the time limit for employer tax credits for FFCRA employee leave. As a result, tax credits will be available to fund FFCRA leave offered by employers through March 31, 2021.

    The FFCRA’s leave mandates require businesses with fewer than 500 employees to provide employees up to 80 hours of paid sick leave for their own health needs or to care for others. The act also requires an additional 10 weeks of paid family leave to care for a child whose school or place of care was closed, or child care provider was closed or unavailable due to COVID-19.

    The FFCRA employer tax credits cover certain costs of the employee leave required by the law; specifically: employee wages, health plan expenses allocable to those wages, and the employer’s portion of the Medicare tax related to the wages.

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  • Thank you!

    This Thanksgiving we are so grateful for all of our family, friends, and wonderful clients. It means more now than ever. Thank you!

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  • Health Care Reform Updates

    2020 Furnishing Deadline Delayed and Additional Transition Relief Granted

    The IRS has delayed the deadlines by which employers must furnish 2020 Forms 1095-C and 1095-B in early 2021. For 2020, the furnishing deadline was Feb. 1, 2021, Since Jan. 31, 2021, is a Sunday. The IRS has provided an additional 30 days for furnishing the 2020 Form 1095-B and Form 1095-C, extending the due date from Feb. 1, 2021, to March 2, 2021. The deadline for filing with the IRS under Sections 6055 and 6056 remains March 1, 2021 (since Feb. 28, 2021, is a Sunday), or March 31, 2021, if filing electronically.

    The IRS provided additional relief from penalties related to failures to furnish 2020 forms to individuals under Section 6055 only, under certain circumstances. Under this relief, employers will only have to provide Form 1095-B to covered individuals upon request.

    The IRS also provided a final extension of good-faith relief from penalties related to incorrect or incomplete information returns filed for the 2020 calendar year under Sections 6055 and 6056. This is the last year that the IRS intends to provide good-faith relief from penalties, since it was intended to be transitional relief only.

    To access your HR library, please visit www.HR360.com/login.

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  • Nash Insurance achieves Elite status for enrolling over 100 consumers during Open Enrollment

     

    Nash Insurance has been nationally recognized for our dedication to helping consumers enroll in and manage qualified health coverage through the Health Insurance Marketplace.

    This nationwide recognition from the Centers for Medicare & Medicaid Services (CMS) as a member of the 2020 Marketplace Elite Circle of Champions highlights our team’s success in actively enrolling 100 or more consumers during this Open Enrollment Period.

    “We thank Celia Nash-Underwood for providing her trusted advice and exceptional service to consumers to help them enroll in coverage,” said Randy Pate, Director of the Center for Consumer Information & Insurance Oversight within CMS, which oversees the Marketplace. “Helping 100 consumers during the Open Enrollment Period is an achievement to be proud of.”

    The Marketplace Circle of Champions program recognizes the hard work, expertise and service of Marketplace-registered agents and brokers. Agents and brokers who assist 20 or more consumers qualify for the Marketplace Circle of Champions – with those who enroll 100 or more consumers earning the Elite designation.

    Eligible consumers can enroll in Marketplace coverage during this year’s Open Enrollment Period, which runs November 1 – December 15, 2019. Consumers with questions about their coverage or who would like help enrolling, can contact Celia at celia.nash@teamnash.biz.

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  • Coronavirus and the Workplace – Compliance Issues for Employers

    As the number of reported cases of the novel coronavirus (COVID-19) continues to rise, employers are increasingly confronted with the possibility of an outbreak in the workplace. This document provides a summary of the compliance issues facing employers in this type of situation.

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  • Legislation Requires Two Types of Paid Employee Leave

    On March 18, 2020, the U.S. Senate passed a coronavirus relief bill, called the Families First Coronavirus Response Act, that was passed by the House of Representatives over the weekend. President Trump is expected to sign the bill into law.

    Paid Sick Leave
    Among other measures, the law requires 80 hours of paid sick leave for government workers and employees of companies with fewer than 500 employees. Compensation caps apply.

    Leave would be available to workers who:

    • Are or may be sick with COVID-19;
    • Have to care for a family member with the illness; or
    • Have a child whose school or child care facility is closed (or whose child care provider is unavailable) due to the illness.

    Paid FMLA Leave
    The bill would also require partially paid leave under the Family and Medical Leave Act when an employee is unable to work or telework due to a school or child care closure related to the coronavirus.

    This benefit would be available to individuals who have worked for their employer for at least 30 days.

    Benefits under the law expire Dec. 31, 2020.

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  • Celia Nash achieves Elite status for enrolling over 100 consumers during Open Enrollment

    (Salt Lake City, Utah) – Celia Nash has been nationally recognized for her dedication to helping consumers enroll in and manage qualified health coverage through the Health Insurance Marketplace.

    This nationwide recognition from the Centers for Medicare & Medicaid Services (CMS) as a member of the 2020 Marketplace Elite Circle of Champions highlights Celia’s success in actively enrolling 100 or more consumers during this Open Enrollment Period.

    “We thank Celia Nash for providing her trusted advice and exceptional service to consumers to help them enroll in coverage,” said Randy Pate, Director of the Center for Consumer Information & Insurance Oversight within CMS, which oversees the Marketplace. “Helping 100 consumers during the Open Enrollment Period is an achievement to be proud of.”

    The Marketplace Circle of Champions program recognizes the hard work, expertise and service of Marketplace-registered agents and brokers. Agents and brokers who assist 20 or more consumers qualify for the Marketplace Circle of Champions – with those who enroll 100 or more consumers earning the Elite designation.

    Consumers with questions about their coverage or who would like help enrolling, can contact Celia here: link. 

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  • Happy Holidays!

    From all of us at Team Nash Insurance, we wish you happy and healthy holidays!

     

     

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  • Team Nash Dental Plan Promotion

     

    Need Help with Dental Costs? Join Direct Access Dental Discount Plans and Save 20%-60% on Dental Procedures.

    Join now and receive a special promotion: Use promo code NASH15 to receive 15% off your first year of membership.

    Enroll Now: https://www.dentistdirectaccess.com/access/index.php/landing/index/DDNI01

    What is Direct Access?
    You can think of a discount plan like a membership club with volume pricing. Discount dental plans negotiate discounted rates with participating providers. When a member receives care from a participating provider, they save 20% to 60% or more off of that provider’s regular fees. There is no waiting, no forms to file, no limits on use, and no annual limits.

    Membership Includes:
    20%-60% average savings on dental procedures
    300,000+ participating locations
    Unlimited Use
    Start Saving Today—No Waiting!
    Plans as low as $8/month

    What Our Members Are Saying:
    “It saved me $1,044 on my implant. When you live on a limited income, that is really significant” – Harvey

    “In the last year, Direct Access has saved our family over $800 in dental care costs. Thank you!” – Elizabeth H.

    Discount plans are not insurance and do not pay anything towards the cost of treatment. But, they do generate substantial savings through discounts for their members. Members can save a lot or a little, depending on how much work they need to have done. With Direct Access, it is not uncommon for members to save more than their annual membership fee on just one visit to the dentist.

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  • 2020 Health FSA Contribution Limit Announced

    Contribution Limit to Increase $50 in 2020

    The IRS has announced that the contribution limit for health flexible spending arrangements (health FSAs) will be $2,750 in 2020. For 2019, the contribution limit is $2,700.

    To access your HR library, please visit www.HR360.com/login.

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