Taxes

What Employers Need to Know about the American Rescue Plan Act (ARPA) of 2021

Author, Shane Medlin, Employee Benefits Account Executive, Rancho Mesa Insurance Services, Inc.

The American Rescue Plan Act (ARPA) of 2021 is a $1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021. The bill includes a 100% subsidy on Continuation of Health Coverage (COBRA) premiums from April 1, 2021 to September 30, 2021, as well as additional guidance on paid sick and family leave. Employers will need to be aware of the changes because it could potentially increase COBRA elections and employer administration.

3 Ways for Nonprofits to Opt Out of Unemployment Tax

Author, Sam Brown, Vice President, Human Services Group, Rancho Mesa Insurance Services, Inc.

Nonprofit leaders who want to reduce overhead and tax burdens should consider revisiting their organizations’ unemployment tax status. More to the point, thanks to the Federal Unemployment Tax Act of 1972, nonprofits can eliminate the unemployment insurance tax and outsource the headache of claims administration. Let’s investigate further.

Health Care Reform… What is Next?

Author, Shane Medlin, Employee Benefits Account Executive, Rancho Mesa Insurance Services, Inc.

Recently, multiple proposals to change the existing Affordable Care Act (ACA) have emerged. How will the proposed changes affect employers and their employees? The future of the ACA is still in question. However, it is unlikely that any of the proposed changes will pass congress within the next 2 years.