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Employee Benefits Syracuse NY Insurance, Retirement Specialists in Syracuse NY

May 7, 2020

Employee Benefit Plan Deadline Extensions: COVID-19 Relief

In response to the national emergency due to the COVID-19 pandemic, the Department of Labor announced on May 4th, 2020 a ruling extending deadlines related to employer group benefit plans. Plan Sponsors and employers have extensions to provide some of the required notices, and plan participants/beneficiaries have extended deadlines including Federal COBRA election/premium payments, special enrollment periods, and disability claims. Additional details

May 7, 2020

New York Reopening: Additional Guidelines

Gov. Cuomo announced additional guidelines that each region of the state must meet before they can reopen. He also listed safety precautions that businesses should implement to minimize the spread of the coronavirus.

April 28, 2020

New York Reopening Plan: Regional and Phased

On April 26th, 2020 Governor Cuomo announced a plan to reopen New York in three phases beginning with construction and manufacturing. The plan will consider regional differences in COVID-19 infection rates and whether businesses are “more essential” and “lower risk.” Additional details

April 24, 2020

President Signs Relief Bill

On April 24, 2020, the President signed legislation providing additional relief for businesses affected by the COVID-19 pandemic. Small businesses, hospitals, and testing are the 3 areas receiving funding. Additional details

April 22, 2020

New COVID-19 Relief Package Expected Soon

The Senate has passed legislation to provide additional funding for relief from the effects of the coronavirus, and the House of Representatives is expected to vote on it Thursday, April 23rd. This package focuses on support for small businesses, hospitals, and expanded testing for COVID-19.

Additional details

April 16, 2020

New York State on PAUSE Extended to May 15th

On April 16th, 2020, Governor Cuomo extended the New York State on PAUSE executive order for 2 additional weeks. The 10-point policy closing schools and non-essential businesses and encouraging social distancing will continue through May 15th, 2020. Additional details

April 16, 2020

Notice to All Life Insurance Policyholders

An executive order issued by Governor Cuomo on March 7th, 2020 gives all life insurance policyholders an extended grace period to pay premiums if they demonstrate financial hardship due to the COVID-19 pandemic. Other rights are included in the order which requires insurance carriers and brokers to provide notice of these rights. Required notice and additional details

April 16, 2020

SBA Paycheck Protection Loan Program On Hold

The Small Business Administration (SBA) announced today that it has reached the $349 billion lending cap for the Paycheck Protection Program that was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Small Businesses who have filed loan applications will have to wait while congress debates whether to approve additional funding for the program. Additional details

April 16, 2020

Gov. Cuomo: New Yorkers Must Wear Face Masks in Public

Governor Cuomo issued an executive order on April 15th, 2020 that New Yorkers must wear a mask or cloth covering mouth and nose when in public and when social distancing can’t be maintained. The order applies to anyone over the age of two who can medically tolerate a face covering and takes effect at 8 pm on April 17th, 2020. Additional details

April 14, 2020

New Executive Order for NY Essential Businesses

Governor Cuomo has issued a new executive order for essential businesses in New York. Beginning at 8 pm on April 15th, 2020 these businesses must provide free face masks for employees who have direct contact with customers or the general public. Additional details

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