For a combined 70 years, Barresi Financial, Inc. and Jepson Financial Advisors, P.A. have been managing the investments of clients in northern Maine and beyond. With Brent Jepson transitioning towards full retirement, the two firms have worked out a plan to transition his clients to the Barresi Financial team. “My goal was to find an […]
Benefits have always been crucial for attracting and retaining top performers, and voluntary benefits are a great way for employers to round off their offerings. These extra perks allow for more personalization that can help satisfy the unique needs of each worker, especially in today’s multigenerational workforce. Although individual needs vary, some common themes—physical, mental […]
ACA reporting under Section 6055 and Section 6056 for the 2021 calendar year is due in early 2022. This ACA Bulletin outlines the deadlines for ACA reporting for the 2021 calendar year. Click here for more information.
This is your yearly reminder that employers are responsible for notifying their Medicare-eligible group plan members whether their coverage is creditable or non-creditable. The process is simple. Employers will first need to determine if any of their employees are currently Medicare-eligible or Medicare-enrolled or will become Medicare-eligible/enrolled during 2022. If they have no employees within […]
On June 17, 2021, the U.S. Supreme Court rejected a lawsuit challenging the constitutionality of the Affordable Care Act’s (ACA) individual mandate in a 7-2 ruling. Read all about it in our Legal Update.
On May 18, 2021, the IRS issued Notice 2021-31, a guidance document on the American Rescue Plan Act subsidy for continuation health coverage under COBRA. This Legal Update discusses the guidance further.
The $1.9 trillion relief bill, known as the American Rescue Plan, has been signed into law by President Joe Biden. Highlights of the bill include extended unemployment benefits, direct checks to individuals and more. While some of the bill was changed during its time with Congress, it’s largely similar to the initial version passed by […]
There are several employer related pieces to the massive $1.9 trillion package. Make sure you’re on top of it all through the resources available in Zywave. Here is a summary of some of the highlights.
Warm weather is upon. As we all navigate our way through the COVID-19 situation, mosquitoes and more, it’s important that we take time to enjoy the beautiful Maine summer. Our June 2020 issue of Live Well, Work Well provides some grilling tips as you fire it back up for summer BBQ’s. Live Well, Work Well […]
Presque Isle— 05/12/2020 — Barresi Financial Inc, a financial services company in Presque Isle, announced today that they will be donating a book to all Aroostook County High School Seniors as a graduation present. “We wanted to do something for this senior class that is missing out on so many of the traditional final high […]
