With two-thirds of employees working from home at least part-time, employers are finding there are advantages and disadvantages. When the danger presented by COVID-19 was discovered, federal, state and local governments ordered businesses to temporarily shut down, leading many employers to decide it might be advantageous to have a lot of those employees work from…

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Estimates are that more than 26 million people could become uninsured due to the workplace shutdowns. The Economic Policy Institute estimates that because of the COVID- 19 virus and workplace shutdowns, 16.2 million American workers have lost their employer-sponsored health care coverage since mid-March. The Kaiser Family Foundation estimates that 26.8 million people in the…

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Furloughs — mandatory, temporary suspensions from work without pay — have allowed many employers to hold on to their businesses during the coronavirus pandemic. If you were lucky enough to avoid having to furlough your employees, congratulations! But should you find yourself needing to furlough employees in the future, it’s important to understand when furloughs…

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The COVID-19 pandemic has wreaked havoc upon the finances of many employees, and some have been forced to use funds from their retirement plans. A spokesman for Betterment for Business, which offers 401(k) plans, pointed out that retirement savings plans represent the bulk of what most Americans have saved, and, in some cases, is all…

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Cash flow is a big concern for both employers and employees, and the $2 trillion coronavirus economic relief bill and existing regulations provides an unlikely beneficiary — retirement plans. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is best known for providing much needed financial assistance to American workers and businesses. However, the…

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Wash your hands and check your healthcare benefits to see what’s covered! Because of the COVID-19 coronavirus pandemic we’ve learned a new term — social distancing — and relearned the importance of thoroughly washing our hands. We’ve also learned the importance of understanding what tests, procedures and care are covered by our health insurance. In…

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Health care reform continues to be a hot topic during the 2020 presidential election. Even though health care reform continues to be a hot topic during the 2020 presidential election, the power to transform health care this year may lie with the states since Congress has not enacted changes. Health care was a major topic…

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The U.S. Equal Employment Opportunity Commission (EEOC) reported that in 2018 it resolved 90,558 charges of workplace discrimination and collected $505 million for victims. Retaliation was the most frequently filed charge, followed by sex, disability and race. What does this mean for employers? According to CERS (Cutting Edge Recruitment Solutions), the average out-of-court discrimination settlement…

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Permanent life insurance — whether whole life or universal life — provides coverage for the lifetime of the insured as long as premiums are paid, though Universal allows greater flexibility in terms of payments and death benefits. The biggest distinction is that with whole life, savings grow at a guaranteed rate; with Universal life insurance,…

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