Her Inspiring Road To Alignment with Chelsea Whalley
We all get taught at a young age, make a plan for your life and follow that plan until you accomplish your goal right. Heck we talk about that here…
But what do you do when life happens right smack in the middle of that journey? Where is that clear path in life when you’re facing an unexpected injury that you have no control over when or if it heals?
Chelsea Whalley Partner & COO of J Donovan Financial had just that, her vision was set, she knew exactly where she was going in life. On her way to becoming a doctor, mid season into her college softball career when a freak accident happened during warm ups. In that moment whether she knew it or not, her whole life was about to be completely redirected as the injury she faced was about to bring her far bigger challenges and a totally different path in life.
Listen along as she shares her inspiring journey, the struggles through healing and how she was able to find the strength & alignment back within herself and her life regardless of how life tried to knock her off course.
“I will never question again whether I have the strength to go through something hard.” – Chelsea Whalley @benefitsboss
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/try-and-stop-me/id1525146944#episodeGuid=3d8e1b3d-f1e1-4f80-bf81-0a6727ac22f7
YouTube:
Filed under: Combs & Company, Covid-19, Disaster Relief, HR, Insurance 101 | Tags: Chelsea Whalley, Covid-19, Furloughed Employees, Human Resources, J Donovan Financial
Strategizing on how to bring some furloughed employees back? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.
1. Create a staffing plan that revolves around the needs of the COMPANY first. Ask yourself where you anticipate being busy and where you may be slower. Create a plan accordingly.
2. Choose which staff return based on unique skill sets needed, overall job performance, seniority/tenure, or their willingness to do jobs outside of their normal scope.
3. DO NOT discriminate based on age, perceived disabilities, or by retaliating for taking paid sick leave.
Make sure to DOCUMENT your process ahead of time and COMMUNICATE to your staff your plan to avoid unnecessary stress for everyone.
*REMEMBER TO ALWAYS CONSULT YOUR ATTORNEY OR HUMAN RESOURCES VENDOR FOR ADVICE* If you need these types of vendors, we can refer you to them.
Filed under: CARES Act, Combs & Company, Covid-19, Disaster Relief | Tags: CARES Act, Chelsea Whalley, Combs & Company, Federal Loan Forgiveness CARES Act, J Donovan Financial, PPP Forgiveness
Here’s a follow up on yesterday’s post, did you get the PPP loan and now you are concerned about the process and what documents you need to prepare in order to have the loan forgiven? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.
The CARES Act requires employers to apply for loan forgiveness with the same lender they applied for the PPP loan at the end of the eight-week period following the disbursement of their loan.
When applying for loan forgiveness, employers will need to provide the following information:
- The total requested amount to be forgiven
- Documentation verifying the number and pay rate of FTEs on payroll:
- Payroll tax filings with the IRS
- State income, payroll and unemployment insurance filings
- Documentation verifying covered mortgage interest, rent or lease obligations, and utilities
- Certification from an authorized representative for the employer that all supplied documentation is true to the fullest extent possible
- Certification from an authorized representative for the employer that the amount requested to be forgiven complies with PPP guidelines
After submitting an application, lenders must make a decision on whether an employer’s PPP loan will be forgiven, or how much of the loan will be forgiven, within 60 days. In some cases, a lender may ask for additional information. Employers should monitor their application and pay attention to any requests for additional information. For questions on your company’s loan forgiveness eligibility or application, contact your lender.
Filed under: CARES Act, Combs & Company, Covid-19, Disaster Relief, Important Notice | Tags: Chelsea Whalley, Combs & Company, J Donovan Financial, PPP Forgiveness
Did you get the PPP loan and now you are concerned about making sure the loan is fully forgiven? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.
Filed under: Combs & Company, Covid-19, Important Notice, Insurance 101, Insurance Education, Insurance Women | Tags: Chelsea Whalley, Insurance 101, J Donovan Financial, Section 125, Special Mid-Year Enrollment for Section 125
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.
Filed under: Combs & Company, Covid-19, Innovation Broker Lab, Insurance Women, Successful Women, Susan L Combs, What's the Good News, Ladies?, Women in Insurance, Wonder Woman Wednesday | Tags: Chelsea Whalley, Females in Finance, Innovation Broker Lab, J Donovan Financial, Jennifer Warfield, National Life Group, What's the Good News, Ladies?, Women in Insurance & Financial Services, Wonder Woman Wednesday
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
Filed under: CARES Act, Combs & Company, Covid-19, Disaster Relief, Health Insurance, Insurance 101 | Tags: CARES Act, Chelsea Whalley, Combs & Company, Covid-19, Disaster Relief, J Donovan Financial
Curious how the CARES Act will impact Employer Health Plans? Check out this great video from colleague, Chelsea Whalley of J Donovan Financial.
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to provide $2.2 trillion in federal funding to address the COVID-19 crisis. The CARES Act makes a variety of changes affecting health plans. These changes include:
1. Expanding the types of coronavirus testing that all health plans and health insurance issuers must cover without cost-sharing (such as deductibles, copayments or coinsurance) or prior authorization
2. Accelerating the process that will require health plans and issuers to cover preventive services and vaccines related to COVID-19
3. Allowing telehealth and other remote care services to be covered under a high deductible health plan (HDHP) before the deductible is met, without affecting the HDHP’s compatibility with health savings accounts (HSAs) (applicable for HDHP plan years beginning on or before Dec. 31, 2021)
4. Treating over-the-counter (OTC) medications, along with menstrual care products, as qualified medical expenses that may be paid for using HSAs or other tax-advantaged arrangements, such as health flexible spending accounts (FSAs) or health reimbursement arrangements (HRAs)
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.
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.
- 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/…
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
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