combsandco


Rockstars Rocking Podcast

Absolutely thrilled to be featured this week on Eric Silverman‘s Rockstars Rocking podcast!

Thank you so much Eric, for giving me a platform to share about my journey and my passion for the Mizzou Law Veterans Clinic at the University of Missouri!

Click below to watch the episode!

Want to see more episodes, make sure you CLICK HERE to subscribe!



Episode 6 – Try and Stop Me Podcast by Colleen Blum with Guest Mike Veny

Episode 6 Mental Health Is An Asset, So Let’s Talk About It

Host: Colleen Blum

Guest: Mike Veny

Mental Health is something society still struggles to talk about or address, the one good thing about COVID is that problem seems to be slowly changing.

Mike Veny is one of the Top Mental Health Speakers in the US talking about just that. Listen as he shares his story through his mental own health journey, how is mother helped him find an outlet and how he is using his mental health as an asset to help change lives all across the country.

Curious for a preview of the episode? Take a listen below!

To be able to listen or download the full episode, click below!

Guest Contact Information:

Mike Veny: LinkedIn

Website: https://www.mikeveny.com/

Author of: Transforming Stigma: How to Become a Mental Wellness Superhero

Podcast: MXV Self Employed Momentum

Follow us on the @tryandstopmepodcast Instagram page



Episode 4 – Try and Stop Me Podcast by Colleen Blum

Host: Colleen M Blum

Guest: Sebastian Rusk

Have You Ever Wanted To Start A Podcast?! All Of The Who/What/Why I Wish I Knew Before Starting A Podcast! check out what the Expert himself, Sebastian Rusk has to say about it!

Have you ever dreamed about starting YOUR OWN podcast but you have used ANY & EVERY excuse under the sun to just push it to the “one day” plan?? Well then THIS EPISODE is all for YOU!!

Sebastian Rusk is the go to man for all of the how to when creating a podcast from idea to inception. Sebastian is the Founder of the Podcast Launch Lab, he is also a kick ass Social Media Speaker, Author and Digital Story Teller. – guys if I knew Sebastian before I started this all I could have saved a good 3 weeks of my life from the countless YouTube clips I watched. Listen along to today conversation about all the questions I had when debating whether to start this show or not.

BTW: Secret for you! For 2 years I pushed down this idea of actually getting my show started because I just didn’t even know where to start. It’s time to put your fears aside & just make the jump! You can do this, I believe in YOU!

Guest Instagram: @podcastlaunchguy

Host: @tryandstopmepodcast



What’s the good news, ladies? August edition

Original Post: BenefitsPro Broker Innovation Lab

By Susan L Combs | August 14, 2020 at 06:58 AM

Guess what’s next week?! It’s BenefitsPRO Broker Expo time! This is one of my favorite conferences every year and this year we are doing the Fast & Furious Session from the main stage! So if you haven’t already registered, make sure you handle that ASAP! Since it is virtual this year, if you are a broker or agent, you can get in on the fun for no charge and learn what the rest of us already know about this great show!

In July, we kicked off our Wonder Woman Mastermind group, which was the brainchild of this series. We had a wonderful first meeting, where we shared some excellent marketing ideas with each other. If you are looking to be inspired by more women in our industry, please meet Bobbie and Deidre. Both women are breaking down barriers for women in our industry with personal impact and mentorship.

Bobbie Shrivastav, Benekiva

“The past 12 months have been focused on growth, speaking and mentoring! Due to all of our recent exposure and hard work, Benekiva was invited to participate in Mass Challenge FinTech Accelerator. We were selected out of over 300 applications globally and are proud of this recognition! Our impact in the industry has also increased as we’ve grown the number of carriers we work with from three to nine over the past 12 months. Personally, I was invited to speak at over 25 events in the last year, on topics such as InsurTech, innovation, customer experience, digital transformation, Blockchain, startups, women in tech, and diversity and inclusion. I’ve meet so many dynamic people along the way. Lastly, we have been able to mentor many startups and logged over 250 hours to help the startup community nationally.”

Deidre Wright, Strategic Stories

“I constantly think about the legacy I want to leave. My goal is to diversify the C-Suite and change the image of what a leader “looks like.” While companies promote diversity and inclusion, data shows the existence of pay disparities and glass ceilings amongst employees. Last December, I took the leap to become a full-time entrepreneur, providing personal brand coaching to ambitious but undervalued diverse talent. Nothing could have prepared me for what was to come. The biggest surprise has been, that in the midst of a global pandemic, unstable economy, and racial unrest, my clients are winning. For example, Uche, a first-generation African American woman, just landed a new job making 20% more pay and with the dream title we planned together. Why am I celebrating this as a personal win? It debunks the myth that top-notch diverse talent doesn’t exist. So. I encourage us all to mentor, hire and promote diverse talent.”

Know a great rockstar woman in our industry who’s doing amazing things? If so, I’d love to connect! You can just shoot me over an email with their information or feel free to make a virtual introduction to me at scombs@combsandco.com. Stay safe and mask up my friends. Hope to see you August 18th-20th at the BenefitsPRO BrokerExpo!



Wonder Woman Wednesday: 2020 Broker of the Year finalist: Teri Weber

I was honored with receiving this award in 2017 and thrilled that Teri Weber is a finalist for this year!  Today, on Wonder Woman Wednesday, we wanted to honor her and share the article she was in at BenefitsPro!

Click Here for the original article!

2020 Broker of the Year finalist: Teri Weber

Have questions about absence management or disability leave policies? Teri Weber is your go-to gal.

When Teri Weber started working from home full time, she found it a bit of an adjustment. It was almost like being absent from work. Which just happens to be one of her specialties. Weber is a partner with Boston-based Spring Consulting Group, LLC,  an Alera Group Company. When COVID-19 began to confine millions of workers to their homes, she was swamped by client calls regarding work absences.

“‘Will quarantine be a disability?’ ‘People all want to take their sick time now; how do we do that?’ ‘What if 50 percent of our workforce cashes in on what they’ve banked? Could people do a time donation?’ ‘What do I do for employees who work from home but need to care for kids?’ It’s always a balancing act of finance and policy. It gets into the weeds quickly,” Weber says.

Related: Business continuity & social distancing: 3 tips for transitioning to a work-from-home model

But it turns out that is where Weber spends a lot of her time: in the weeds with clients, showing them the way out.

Weber became a partner with Spring Consulting in 2008, where she has focused on disciplines such as absence management that can save clients time, money, and management headaches. Absence policies can be shockingly ad hoc, inconsistent, and are often crafted in the breach, rather than the legal or human resources departments. During the COVID-19 outbreak, Weber has had to explain to clients that actions they take to attempt to manage a tidal wave of absence incidents could easily become company policy.

To one client with a question about virus-related time off, she said: “What do you want to accomplish with this? What are you hoping to do? It’s about getting to the root of why you think this policy will help you now. Because the policy can become law long after the crisis is over.” She also lends her absence expertise to the Disability Management Employer Coalition, a group of New England employers and insurance companies focused on disability and leave of absence policies.

“We speak a different language than most people,” she says. “An employee will say, ‘I need time off for something.’ That’s how they think about it. Our work is around compliance, cost and culture. We look for the best programs we can design, from leave time to return to work.”

Another area of focus is student debt and student loan payments as a benefit.

In the quest to land top young graduates, companies experiment with offering student debt payments. Weber likes to include the benefit in a plan design, but only if she believes it is being offered for the right reasons.

“It is often a targeted approach to address turnover among younger people, or to attract young talent. Other employers just want to give it as a benefit without a specific objective.” Weber asks, is the target of the benefit specific or general? Short term or long term?

“That $2,000 can make a huge difference to a young person. But does it serve your overall strategy?” she says.

One could get the impression that Spring deals largely with major employers, those who have the financial clout, employee numbers, and staffing to engage in creative plan design. But that’s not the case.

One of Spring’s most devoted clients is edHEALTH, a three-person health insurance captive based in Rhode Island. edHEALTH is a member-owned consortium that serves as the stop-loss provider for group members, mostly East Coast colleges, universities, and charter schools, including Boston College, Sarah Lawrence, Brandeis, Wellesley and Emerson.

Tracy Hassett, president and CEO of the captive, says Weber served as an early advisor to the original 24 members as they developed their model.

“When we started talking, we were faced with numerous barriers,” Hassett says. “Brokers and consultants at the schools were nervous about taking that business away from them.

Meanwhile, the schools we talked to made it clear they didn’t want to change their plan design. They wanted to be part of the consortium and save money. ‘But we don’t want to make any changes to plan design or to our carriers or upset faculty or staff.’”

Hasset feared it would take long hours over many meetings to arrive at a plan design that would satisfy all the members. Enter Weber. Working with Hassett, she helped the members reach agreement quickly on a common plan design.

“Teri is easy to talk to, offers very clear descriptions, and she made sure potential members at the time knew that we were trying to deliver a program to minimize costs and maximize coverage. That is still the role she plays and she does a wonderful job.”

In the years since, the group has grown, while costs have held steady. Average premium growth per member over the last six years had been 3.5 percent, while admiration for Spring and Weber grows every year.

“Spring has been an incredible partner since before our inception, and an incredible partner in helping us grow,” Hassett says.

Meanwhile, back in her “home” office, Weber is getting new insights into the challenges her plan members face when forced to juggle work and child are duties. Her two daughters, 12 and 14, don’t need a lot of supervision with the family cooped up in the house, but like kids all over, they have been attempting to master online learning while Mom and Dad grow accustomed to virtual meetings, the intricacies of telecommuting, and keeping dispersed teams motivated during a global pandemic.

But Weber manages to keep a positive attitude as she attempts to establish “a new normalcy at home.”

“I’m an optimist. I look for the good people out there. The sun is always shining, even when there are clouds are in the way!”

Finalists



Section 125 Considerations for Mid-Year Enrollments

Looking for an easy digestible explanation what considerations to make for Mid-Year Enrollments under a Section 125 plan? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.

 

Special Mid-Year Enrollment Window

1. Get Approval from Health Insurer in writing. If Self-funded, approval comes from stop-loss carrier.
2. Decide if these special deductions will be pre-tax or post-tax. As of right now, the IRS has issued no guidance for pre-tax elections due to COVID-19.

Section 125 Mid Year Election Change Events:
1. Change in employment status if the change impacts eligibility for health plan
2. A significant change in health plan coverage
3. HIPAA Special Enrollment (marriage, birth, etc)

To avoid any unintended liability, employers should check with your CPA and/or attorney to decide what is best for your business.



Wonder Woman Wednesday: What’s the good news, ladies? April edition.

Hello from the Covid-19 epicenter, aka NYC.  I don’t know about you all, but the past few weeks have been crazy, exhausting and just plain sad at times.  It is definitely not business as usual here and I know that’s true in many other places as well, but I also know we will all make it through this time.  One of the things that has kept me going during quarantine is connecting with the incredible women from our industry who are still able to share some great ideas with me about what they are most proud of in the last 12 months.  Be on the lookout for another article coming soon that will include many of the featured women in this series who will share what they have been doing to stay connected with their clients during all of this.

This month, I’m going to introduce you to two new friends who have been a great source of information and support for me during this time.  I know I have said it before, but it is so important to develop these peer-to-peer mentorship relationships, because when there are rough times like these, we pull each other up and help each other to excel.  Please join me in welcoming Chelsea and Jennifer to the fold.

Chelsea Whalley,  J Donovan Financial

“In the past 12 months, my biggest accomplishment has been learning that my business is not actually about me.

When I owned my first agency, I was infatuated with the idea of developing other agents. While this sounds admirable, I was truly motivated by the energy rush I received seeing others succeed. Even though I was helping others, at the core of it all, it was still about me.

Even in my second agency, there have been times when I put together the best options for a prospect to save them money and time; yet, I still don’t win. When this would happen, I would make it about me (my presentation skills, my sales skills, etc). Perhaps it was, but there’s a good chance that it was about one of the million other factors that business owners consider when making decisions.

The truth, and my biggest lesson, is that nothing is about me. I have learned that the only way to truly scale my business and help as many employees and clients as possible is to let go of the belief that the outcome is directly tied to my worth as an advisor or as a person. With this, I can finally be present and enjoy the work I am doing.”

Jennifer Warfield, CPF®, National Life Group

“I’ve been in financial services many years and I’ve never been more excited to do what I do.  My passion lies in supporting women and giving back.  In my role, training and developing agents to build their business, I’m able to do both.  I’ve seen great success among the women leaders who count for almost half of my business.  In the last year, I’m pleased to have been highest-producing field leader at my company, hitting record sales. And helping my agents learn and grow gives their clients peace of mind.

One of the best aspects of our industry is the relationships among the women within it. I am fortunate to be supported and inspired by many great women.  In 2019, I was named WIFS Woman of the Year, a wonderful honor. Celebrating success within our field is an important way to create community and inspire the next generation.”

I know that I, as well as the crew here at BenefitsPRO are thinking of everyone during these uncertain times.  As always, if you know of great women in the field who are working hard to make this this industry even better, send an email introduction to me at scombs@combsandco.com. I’d love to connect!  Stay safe my friends.

Click Here for the original article at BenefitsPro



Small Business Exemptions for Paid Sick Leave Explained
Looking for an easy digestible explanation of the exemptions for companies under Paid Sick Leave? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.
DOL Clarifies Exemptions to Coronavirus Paid Sick Leave Laws
– Less than 50 employees
– Leave is requested because the child’s school or place of care is closed due to COVID-19 related reasons
– An authorized officer of business has determined that at least one of the 3 conditions described below have been met:
1) The provision would result in small business’s expenses and financial obligations to exceed available business revenue and cause business to cease operating at minimal capacity
2) The employee requesting leave has a specific set of skills and knowledge that without it, the business’s financial and operational health is severely threatened
3) There are not sufficient workers who are able, willing and qualified to perform duties of person requesting leave and this would not allow business to operate at minimal capacity.
DOL is encouraging employers and employees to work together to find a solution during this time that allows the business to be maintained as well as the safety of employees.

 

 

 



Federal Payroll Tax Credits for Paying Sick Leave

Check out this great video from colleague, Chelsea Whalley of J Donovan Financial. Chelsea explains how eligible employer tax credits will fully reimburse employers for all qualifying sick and child-care leave payments mandated under the Families First Coronavirus Response Act by REDUCING PAYROLL TAXES owed to the IRS.

*Employers will be entitled to an ADDITIONAL CREDIT for the cost of MAINTAINING HEALTH INSURANCE COVERAGE!*

– Employers will be able to file for accelerated payments to refund employers for qualifying leave payments in excess of federal payroll taxes owed.

– Small businesses will be eligible for an exemption to the mandated sick and leave payments if they demonstrate that payment of child-care leave under the Act threatens the viability of their business.

– Enforcement actions will be delayed by thirty days for employers that act reasonably and in good faith to comply with the Act.

*Note: Information is changing daily, please check with Dept of Labor and/or an employment attorney for exact information*



FMLA Expansion for Covid-19 Explained

Curious how the expansion of FMLA will affect you or your business?  Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.