NAIFA Blog

NAIFA-New York State Works With State to Make Regulation 60 Less Burdensome for Advisors and Consumers

January 23, 2015

The New York State Department of Financial Services’ Regulation 60 is a well-meaning measure designed to protect consumers against unwanted or unnecessary replacements of existing life insurance or annuity policies. In practice, however, it has forced consumers (and their advisors) who are certain they want to replace their policies to jump through regulatory hoops and endure lengthy, unnecessary delays. Fortunately, an amendment to the regulation supported by NAIFA-New York State will go ...

On the State of the Union, NAIFA calls for tax policy that encourages middle-class Americans to save for retirement

January 20, 2015

The National Association of Insurance and Financial Advisors echoes a strong theme running throughout President Obama’s State of the Union Address and Sen. Joni Ernst’s Republican Address to the Nation that policy decisions moving forward must focus on ensuring the financial health of middle class Americans. With 10,000 people reaching retirement age every day for the next 17 years, it is important that public policy incentivizes and encourages families to save and plan for retirement. Lif...

Illinois Partners With Advisors to Bolster Health Marketplace Enrollment

January 20, 2015

Get Covered Illinois (GCI), the state’s health insurance marketplace, has launched its Producer Program , a partnership with agents and brokers to assist them in efforts to educate clients and provide coverage through the marketplace.     “We appreciate the continuing outreach by Get Covered Illinois to assist producers in enrolling their clients through the marketplace,” said Phil Lackman, who represents NAIFA-Illinois and two other agent organizations in the state. “Illinois consu...

The Affordable Care Act Will Complicate Tax Season for Many Americans

January 14, 2015

This tax season promises to bring confusion to millions of U.S. households. For the first time, taxpayers will be required to report their health insurance coverage on their returns. For people who obtained coverage through their employers, the change is pretty simple. They will merely have to check a box on their returns. But people who obtained coverage through the federal or state marketplaces will need to submit an entirely new tax form, and those who received subsidies will require ad...

NAIFA Supports House Bill for a 40-Hour Workweek

January 9, 2015

The House of Representatives yesterday voted to change a provision in the Affordable Care Act so that a full-time workweek would be defined as 40 hours rather than 30. The ACA this year requires businesses with 100 or more employees to offer health insurance to 70 percent of their full-time workforce.   Changing the definition from full-time to 40 hours per week from 30 would ease the burden on businesses and minimize the disruption to the American workforce. It would also discourage em...