The state of Tennessee has announced that they are changing many of the Workers' Compensation forms for Employers in that they will no longer be filed with the state, but rather filed directly with the carrier. Many carriers do not even know about this yet so you may have some issues there, but you will also have to file a new form with the carrier each time you change Workers' Compensation carriers since they are sent to that carrier only. You may want to keep your original and send a copy to the carrier so that you dont have to get a new one notarized each time, but we will see how this plays out over the next few years.
Call our Johnson City office in Boones Creek at 423-292-4142 if you have any questions and we are happy to help in any way we can.
www.VeritasRM.com
At Veritas we help individuals and businesses with their Risk Management and Insurance programs. Contact us today to help with Home, Auto, Work Comp, Medicare Supplements, Business Insurance, Employee Benefits, Surety, Life, and anything else that ends in INSURANCE.
Monday, June 19, 2017
Wednesday, March 22, 2017
Check out Andrew on WCYB Channel 5
We were honored to have @wcyb_KristiOCon Kristi OConnor interview Andrew Darlington to discuss some of the anticipated changes to healthcare in Tennessee and the US. Check out the segment that was on the news last night.
http://www.wcyb.com/news/health/local-insurance-agents-break-down-expected-changes-under-american-healthcare-act/407247338
Veritas Risk Management, where you go to get the TRUTH about insurance.
Thursday, March 2, 2017
9 ESSENTIAL STEPS TO IDENTITY THEFT PREVENTION
Your personal information is everywhere. No one can guarantee you will never be a victim of identity theft, but you can reduce your risk. By managing your personal information wisely, being aware of threats and educating yourself, you can help guard against identity theft.
Veritas Risk Management, where you get the TRUTH about insurance.
Saturday, February 25, 2017
Auto Insurance Basics - Liability Coverage
Most people dont understand what they are buying when they purchase auto insurance. We talk about two of the main coverages here.... Bodily Injury and Property Damage Liability.
VERITAS, where you get the TRUTH about insurance!
For more information on this and other subjects, check out our website www.VeritasRM.com
Wednesday, December 28, 2016
Ways to keep your workplace less sick..... love your neighbors :)
- Cover Your Mouth and Nose. Cover your mouth and nose with a tissue when coughing or sneezing. Flu viruses are thought to spread mainly from person to person through coughing, sneezing, or talking to someone with the flu.
- Avoid Touching Your Eyes, Nose, or Mouth. Flu viruses also may spread when people touch something with flu virus on it and then touch their mouth, eyes, or nose. Routinely clean frequently touched objects and surfaces, including doorknobs, keyboards, and phones, to help remove germs.
- Clean Your Hands. Washing your hands often with soap and water (if soap and water are not available, you can use alcohol-based rub) will help protect you from germs. Make sure your workplace has an adequate supply of tissues, soap, paper towels, alcohol-based hand rubs, and disposable wipes.
- Stay Home When Sick. Employees should be encouraged to stay home from work when they are sick to help prevent others from getting ill. If there is only one employee who performs a particular task, consider training others so that coverage is available should that employee need to leave work early or stay home due to illness.
VERITAS, where you get the TRUTH about insurance!
Thursday, December 22, 2016
Annual out-of-pocket expenses may not exceed $7,350 for self-only coverage or $14,700 for family coverage in 2018
HHS Issues Final Notice of Benefit and Payment Parameters for 2018
A final Notice of Benefit and Payment Parameters from the U.S. Department of Health and Human Services (HHS) addresses, among other things, the requirement under the Affordable Care Act that non-grandfathered group health plans limit annual out-of-pocket cost-sharing for coverage of essential health benefits under the plan. The law requires that these limits be updated annually.
HHS updated the annual limits based on the premium adjustment percentage for 2018. As a result, annual out-of-pocket expenses may not exceed $7,350 for self-only coverage or $14,700 for family coverage in 2018.
A final Notice of Benefit and Payment Parameters from the U.S. Department of Health and Human Services (HHS) addresses, among other things, the requirement under the Affordable Care Act that non-grandfathered group health plans limit annual out-of-pocket cost-sharing for coverage of essential health benefits under the plan. The law requires that these limits be updated annually.
HHS updated the annual limits based on the premium adjustment percentage for 2018. As a result, annual out-of-pocket expenses may not exceed $7,350 for self-only coverage or $14,700 for family coverage in 2018.
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Grace & Peace,
Andrew Darlington CRM, CIC, CBIA, AAI
***Typed qith tumbs or used voice to text soplease forgive the gramatical errora.***
Veritas Risk Management & Insurance Services
PO Box 4539 Johnson City, TN 37602
Phone- (423)292-4142
IRS: 'Saver's Credit' Helps Low- and Moderate-Income Workers Save for Retirement
Special Tax Credit Available for Certain Workers
The Internal Revenue Service (IRS) is reminding low- and moderate-income workers that they can take steps now to save for retirement and earn a special tax credit in 2016 and years ahead.
Background
The saver's credit, also known as the retirement savings contributions credit, helps offset part of the first $2,000 workers voluntarily contribute to IRAs and 401(k) plans and similar workplace retirement programs. The saver's credit can be claimed by:
Married couples filing jointly with incomes up to $61,500 in 2016 or $62,000 in 2017;
Heads of household with incomes up to $46,125 in 2016 or $46,500 in 2017; and
Married individuals filing separately and singles with incomes up to $30,750 in 2016 or $31,000 in 2017.
Note: Like other tax credits, the saver's credit can increase a taxpayer's refund or reduce the tax owed. Though the maximum saver's credit is $1,000 ($2,000 for married couples), the IRS cautioned that it is often much less and, due in part to the impact of other deductions and credits, may, in fact, be zero for some taxpayers.
Saver's Credit
A taxpayer's credit amount is based on his or her filing status, adjusted gross income, tax liability and amount contributed to qualifying retirement programs. IRS Form 8880 is used to claim the saver's credit, and its instructions have details on figuring the credit correctly.
Eligible workers still have time to make qualifying retirement contributions and get the saver's credit on their 2016 tax returns. People have until the due date for filing their 2016 return (April 18, 2017), to set up a new individual retirement arrangement or add money to an existing IRA for 2016. This includes the Treasury Department's myRA. However, elective deferrals (contributions) must be made by the end of the year to a 401(k) plan or similar workplace program (e.g., a 403(b) plan).
The Internal Revenue Service (IRS) is reminding low- and moderate-income workers that they can take steps now to save for retirement and earn a special tax credit in 2016 and years ahead.
Background
The saver's credit, also known as the retirement savings contributions credit, helps offset part of the first $2,000 workers voluntarily contribute to IRAs and 401(k) plans and similar workplace retirement programs. The saver's credit can be claimed by:
Married couples filing jointly with incomes up to $61,500 in 2016 or $62,000 in 2017;
Heads of household with incomes up to $46,125 in 2016 or $46,500 in 2017; and
Married individuals filing separately and singles with incomes up to $30,750 in 2016 or $31,000 in 2017.
Note: Like other tax credits, the saver's credit can increase a taxpayer's refund or reduce the tax owed. Though the maximum saver's credit is $1,000 ($2,000 for married couples), the IRS cautioned that it is often much less and, due in part to the impact of other deductions and credits, may, in fact, be zero for some taxpayers.
Saver's Credit
A taxpayer's credit amount is based on his or her filing status, adjusted gross income, tax liability and amount contributed to qualifying retirement programs. IRS Form 8880 is used to claim the saver's credit, and its instructions have details on figuring the credit correctly.
Eligible workers still have time to make qualifying retirement contributions and get the saver's credit on their 2016 tax returns. People have until the due date for filing their 2016 return (April 18, 2017), to set up a new individual retirement arrangement or add money to an existing IRA for 2016. This includes the Treasury Department's myRA. However, elective deferrals (contributions) must be made by the end of the year to a 401(k) plan or similar workplace program (e.g., a 403(b) plan).
--
Grace & Peace,
Andrew Darlington CRM, CIC, CBIA, AAI
***Typed qith tumbs or used voice to text soplease forgive the gramatical errora.***
Veritas Risk Management & Insurance Services
PO Box 4539 Johnson City, TN 37602
Phone- (423)292-4142
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