Americans For Financial Reform: More Needed To Protect People From COVID-19

Take care of yourself – and those around you – during and after the COVID-19 crisis.

With President Donald Trump expected to sign a $2 trillion economic rescue package this week, advisors and clients have a lifeline to recalibrate financial plans. The legislation steers aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.

The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic. The unanimous vote Wednesday came despite misgivings on both sides.

Advisors can choose not to participate in the negativity stemming from the COVID-19 pandemic, a retirement income specialist and author told members of the National Association of Insurance and Financial Advisors.

The White House and Senate leaders of both parties have struck an agreement on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak. Top White House aide Eric Ueland announced the agreement in a Capitol hallway shortly after midnight.

“I would love to have the country opened up and just raring to go by Easter, “he said during a Fox News virtual town hall. The reassessment comes as the White House is encouraging lawmakers on Capitol Hill to pass a roughly $2 trillion stimulus package to ease the financial pain for Americans and hard-hit industries.

–The Upton Group, LLC a leading national insurance agency specializing in food delivery insurance is calling upon the federal government to develop an insurance program to fill a void in coverage that the current worldwide pandemic has exposed in the insurance industry, which affects all businesses but is especially hard on restaurants and other small…

In today’s environment, it’s easy to live in a state of panic and fear. Especially when you continually hear “Dow down 2000 points,” “We are in a recession,” “stimulus package,” “rising cases and deaths.” But focusing on the things you know will help you guide your clients out of this uncertain economic and political time.

Why a health savings account is the ideal tool to help individuals pay for health care and provide financial wellness support in times of uncertainty.

Doug Wheeler has built his insurance and annuity business around caring for his clients, so serving them well in a time of COVID-19 crisis comes naturally.

COVID-19 is impacting the insurance industry in multiple ways—from employee and business continuity issues to client service considerations to the financial outlook. Here are some key issues insurers face and potential action steps they could take.

During these difficult times, your practice has no doubt been impacted by COVID-19. Calming customers has likely involved a large percentage of your time. While that is vitally important, it’s also important to lead well in your practice.

Clients may have some confusion about the COVID-19 virus. Health insurance brokers can help break through that confusion and be a trusted source of information.

As millions of Americans shelter in place, work from home, or face business closures and layoffs, the number of cars on the road has fallen precipitously and, as a result, the number of daily car accidents will diminish dramatically, consumer groups say.

New York regulators adopted a new emergency regulation requiring New York State insurance companies to waive cost-sharing, including, deductibles, copayments, or coinsurance for in-network telehealth visits.

About three minutes into the speech, Trump said: “I met with the leaders of health insurance industry, who have agreed to waive all copayments for coronavirus treatments.” A health insurance lobbying group later clarified that the president was partially correct.

With the virus hitting the 60-and-over population hard, your role is to be an informed and an intelligent advisor for this group. Medicare is communicating with them on a regular basis about COVID-19. In the past three days, Medicare sent its beneficiaries two emails.

The National Association of Insurance Commissioners is cancelling its spring meeting March 21-24 in Phoenix, the latest concession to the growing coronavirus threat. The meeting is one of three major conferences the NAIC holds annually and draws hundreds of regulators, insurance executives, consumer advocates and media members.

Fears of coronavirus becoming a global pandemic is causing the cancellation of many conferences as companies seek to avoid concentrating large numbers of people in confined spaces. But trade associations and companies in financial services are going ahead with planned conferences.

Americans see employers as having a dual role to play in addressing risks associated with the virus, both in protecting their health and well-being and as trusted providers of information about the disease and resources to help manage its impact. 

The coronavirus’ illness, COVID-19, is not nasty enough to be spotted easily but latent enough to spread wide before anyone even knows it has arrived.