Updates Regarding SOCA Benefit Plan
Ohio Governor Mike DeWine declared a State of Emergency in Ohio to protect Ohioans from the effects of COVID-19. Below are two important updates in regard to group medical plans that have recently been issued:
- Insurance Companies are relaxing the actively at work requirement in the policy. This will allow employees who are laid off to remain on the group plan and continue their coverage. The employer will be billed for their premium.
- On Friday, Lt. Governor Jon Husted announced that premiums for this coverage could be deferred for up to 60 days. This does not mean that premiums will be waived. You will still need to pay these premiums.
Cincinnati Benefit Solutions is closely monitoring all new developments issued by our government and health authorities and will provide updates as they become available. If you have any questions, please contact Scott Marston with Cincinnati Benefit Solutions at (513) 661-1114 or firstname.lastname@example.org.
Anthem’s telehealth services for illness and mental health are available for members enrolled in the Anthem SOCA MEWA health insurance plan. Click here for a PDF with more information.
Free Webinar March 23
strategic HR inc. is partnering with Graydon Law for a second webinar on COVID-19 updates, March 23 at 2 p.m.. Julie Pugh and Lee Geiger will return for a follow-up webinar to discuss COVID-19 developments since our last webinar.
This webinar will cover:
-New Emergency Paid Sick Leave Act
-Emergency Family and Medical Leave Expansion Act
-How these new laws will impact your business
SBA Offers Disaster Assistance Loans
The U.S. Small Business Administration will provide disaster assistance loans for small businesses impacted by COVID-19.
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.