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Do You Have the Old Insurance or the New Insurance?

5/5/2020

This is a great short video fro lifepro financial about updating or evaluating your current insurance protection.

Click here to watch 'Episode #144: Do You Have the Old Insurance or the New Insurance?'

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Family First Coronavirus Response Act: H.R. 6201 -Revision

5/5/2020

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Continued from previous post
Child Care Leave (Paid Family Leave)
Under the Act employers with fewer than 500 employees are required to pay up to 12 weeks of employer-paid childcare leave for any employee who has employed by the employer more than 30 days.

Employee Qualifications - To qualify the employee must be unable to work, or work from home, because the employee must care for their child under 18 years of age, due to school or childcare closures related to a COVID-19 emergency.
Duration of the Leave – The maximum duration of the leave is 12 weeks.
Family Leave Benefit – Two-thirds of their normal rate of pay but limited to $200 per day and a maximum of $10,000.
Note: Where the need for childcare is anticipated an employee should provide their employer with as much advance notice as possible. However, advance notice is not required.

Employee Retention:

25 Employees or More: Employers with 25 or more employees must allow their employees to return to work after the leave.
Less Than 25 Employees: Employers with fewer than 25 employees must allow their employees to return to work after the leave unless the position no longer exists as a result of changes in economic or operating conditions related to/resulting from COVID-19 and the public health emergency. Even so, the act requires employers to do their best to return an employee to an equivalent position if available for up to a period of one year.
State Family Leave Programs – Some states provide family leave benefits and it will take time to see if there is nexus between the federal emergency benefits and state benefits. For example, CA has a paid family leave program compensated by the state.

Questions: email: [email protected]

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Family First Coronavirus Response Act: H.R. 6201 – Revision

5/4/2020

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The COVID-19 epidemic has forced employees to take off from work because they tested positive for the virus or under quarantine after coming in contact with someone who has tested positive. Additionally, It has caused parents to miss work because their children’s school are under lockdown due to the outbreak and there is no suitable childcare available.

As a result, Congress passed H.R. 6201, the Families First Coronavirus Response Act which became effective April 2, 2020. The provisions of this legislation will continue through December 31, 2020. This legislation makes significant changes to the Family Medical Leave Act (FMLA) and to Emergency Paid Sick Leave. The legislation provides sick leave benefits and childcare leave benefits to affected taxpayers whose employers have fewer than 500 employees. The employer will pay the benefits to the employee and then file for reimbursement by the government.

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