Vlog | combsandco

Stay Safe – Understanding the Symptoms of Covid-19

April 10, 2020, 7:00 am
Filed under: Combs & Company, Combs & Company Blog, Covid-19, Important Notice, Insurance 101, Vlog | Tags: Combs & Company, Coronavirus, Covid-19, Stay Safe, Vlog

Just some quick information on symptoms of Covid-19 and what to do if you think you may be infected.

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4 Ways to Keep Health Coverage

April 8, 2020, 11:34 am
Filed under: Combs & Company, Covid-19, Health Insurance, Insurance 101, Insurance Education, Vlog | Tags: Chelsea Whalley, Combs & Company, Covid-19, Insurance 101, J Donovan Financial

Here are 4 quick ways to keep your health insurance coverage by our Combs & Company friend, Chelsea Whalley of J Donovan Financial.

This is for employees who have lost coverage through an Employer Sponsored Plan.

1) COBRA- Contact your Benefits Administrator. Remember, there is no employer contribution so this is an expensive option.

2) Spouse Plan- This Qualifying Life Event (loss of coverage) creates a window of opportunity to join your spouse’s health plan. Contact your spouse’s Benefits Administrator for pricing.

3) Medicaid- A severe loss of income may qualify you for Medicaid at http://www.medicaid.gov

4) Healthcare.gov – The QLE allows you 60 days to enroll in an individual plan on the marketplace.

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Paycheck Protection Program Forgivability Explained

April 7, 2020, 11:05 am
Filed under: CARES Act, Combs & Company, Covid-19, Disaster Relief, Vlog | Tags: Chelsea Whalley, Combs & Company, Covid-19, Disaster Relief, J Donovan Financial, Vlog

Looking for an easy digestible explanation for how the Paycheck Protection Program (PPP) works? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.

PAYCHECK PROTECTION PROGRAM

Total Loan Value: Lesser of 10 million or 2.5x the average monthly total payroll incurred in the one year period prior to the loan start date.
Forgivable Portion: 8 weeks from the loan start date used for payroll, interest on mortgage, rent and utilities. At least 75% to payroll.
Main Point: The FORGIVABLE portion of the loan is tied DIRECTLY to Employees being paid- if you decrease wages or terminate, the forgivability is threatened.
*This loan is designed specifically to connect employees back to their employers.
* Loan Application: https://home.treasury.gov/system/file…
Find Approved Lenders: https://www.sba.gov/funding-programs/…

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Small Business Exemptions for Paid Sick Leave Explained

April 3, 2020, 11:42 am
Filed under: CARES Act, Combs & Company, Combs & Company Blog, Covid-19, Disaster Relief, Families First Coronavirus Response Act, Feature Friday, FFCRA, Health Insurance, Insurance 101, Insurance Education, Insurance Women, Paid Family Leave, Susan L Combs, Vlog | Tags: Chelsea Whalley, Combs & Company, Coronavirus, Covid-19, J Donovan Financial, Paid Sick Leave Exemptions

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 Updates: https://www.dol.gov/agencies/whd/pand…

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.

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Staying Healthy During the Covid-19 Pandemic

April 3, 2020, 7:00 am
Filed under: Combs & Company, Covid-19, Feature Friday, Insurance 101, Vlog | Tags: Coronavirus, Covid-19, Feature Friday, Stay Healthy, Vlog

Just some quick tips to stay healthy during the Covid-19 Pandemic!

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Federal Loan Forgiveness CARES Act

April 2, 2020, 2:05 pm
Filed under: Combs & Company, Covid-19, Disaster Relief, Families First Coronavirus Response Act, FFCRA, Health Insurance, Important Notice, Insurance 101, Paid Family Leave, Susan L Combs, Vlog, Women in Insurance | Tags: CARES Act, Chelsea Whalley, Coronavirus, Covid-19, Disaster Relief, Federal Loan Forgiveness, Federal Loan Forgiveness CARES Act, FMLA, J Donovan Financial

Curious how the forgivable loans work under the CARES Act? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.

Coronavirus Aid and Relief Economic Security Act

Emergency grants: The bill provides $10 billion for grants of up to $10,000 to provide emergency funds for small businesses to cover immediate operating costs.

The application process ends on June 30th (“The Covered Period”)

Forgivable loans: There is $350 billion allocated for the Small Business Administration to provide loans of up to $10 million per business. Any portion of that loan used to maintain payroll, keep workers on the books or pay for rent, mortgage and existing debt could be forgiven, provided workers stay employed through the end of June.

Relief for existing loans: There is $17 billion to cover six months of payments for small businesses already using SBA loans.

Copy of the Act: https://www.congress.gov/bill/116th-c…

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FMLA Expansion for Covid-19 Explained

March 30, 2020, 1:43 pm
Filed under: Combs & Company, Combs & Company Blog, Covid-19, Families First Coronavirus Response Act, FMLA, Important Notice, Insurance Women, Vlog, Women in Insurance | Tags: Chelsea Whalley, Coronavirus, Covid-19, Disaster Relief, FMLA, J Donovan Financial

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.