Thursday, March 14, 2013
PPACA FAQ
What are the penalties if employers do not offer coverage in 2014?
If no coverage is offered to full-time employees AND any full-time employee receives premium assistance from the federal government, the employer penalty is:
$2,000 annually for each full-time employee minus 30
If coverage is offered to full-time employees BUT any full-time employee receives premium assistance from the federal government, the employer penalty is the lesser of:
$3,000 for each employee receiving premium assistance OR
$2,000 per employee for each full-time employee minus 30
If an employer does not currently offer dependent coverage, no penalty is due for the plan year beginning in 2014 if the employer takes steps to offer dependent coverage during the 2014 plan year.
PPACA FAQ
The penalties increase over time:
- 2014 – Greater of $285 ($95 per adult and $47.50 per child) or $410 (1% of income over tax-filing threshold)
- 2015 – Greater of $975 ($325 per adult and $162.50 per child) or $820 (2% of income over tax-filing threshold)
- 2016 – Greater of $2,085 ($695 per adult and $347.50 per child) or $1,025 (2.5% of income over tax-filing threshold)
Tuesday, March 12, 2013
My journey so far....
This year is the 21st year for me in the Financial Services industry. I cannot believe its been that long. I dont feel like I am old enough to have been in this business that long. I started at John Hancock as an intern while I was a college student at SDSU. After graduating and becoming a Registered Rep I was the only female agent in the office at that time, boy has this industry come a long way. Now I am a Financial Rep with Five Rings Financial and over 50% of our Reps are females, its awesome! I love working with Five Rings because of the free events we host ea mo. They are so fun and we get to meet a lof of amazing people.
I was born Laurie A DeMello in West Covina CA. I just found out this info about me in the last 10 years, its mind boggling. Apparently my birth father is a CPA somewhere in So Cal. I would love to meet him since he's a die hard hockey fan and so am I. His last name is Graham. My birth mother has a huge family and they are in HI somewhere, I was married in HI 10 years ago. It has always had a special place in my heart. I have always felt like I belonged there. Ever since I was child, a few times my Japanese mother and I were in public, I would be asked if I was from HI. My response was always, "No, but I wish I was", well here you go, my wish has come true. Growing up near Malibu and Zuma beaches in So Cal, I was always wearing surfer clothes. I am now on a new mission to find those family members out there, it has been an interesting ride and I look forward to the future. My birth mother's family is part Portuguese, from the Island of Macau. That explains too why my whole life people have thought I have had some sort of Latina background.
I was born Laurie A DeMello in West Covina CA. I just found out this info about me in the last 10 years, its mind boggling. Apparently my birth father is a CPA somewhere in So Cal. I would love to meet him since he's a die hard hockey fan and so am I. His last name is Graham. My birth mother has a huge family and they are in HI somewhere, I was married in HI 10 years ago. It has always had a special place in my heart. I have always felt like I belonged there. Ever since I was child, a few times my Japanese mother and I were in public, I would be asked if I was from HI. My response was always, "No, but I wish I was", well here you go, my wish has come true. Growing up near Malibu and Zuma beaches in So Cal, I was always wearing surfer clothes. I am now on a new mission to find those family members out there, it has been an interesting ride and I look forward to the future. My birth mother's family is part Portuguese, from the Island of Macau. That explains too why my whole life people have thought I have had some sort of Latina background.
Monday, March 11, 2013
Monday, March 4, 2013
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