NAIFA Blog

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...

Senate Passes TRIA Bill Containing NARAB II

January 8, 2015

The U.S. Senate has passed the Terrorism Risk Insurance Program Reauthorization Act (TRIA) containing NARAB II. The bill passed the House of Representatives yesterday, so it now heads to the White House, where NAIFA anticipates that the president will sign it into law. NAIFA President Juli McNeely congratulates NAIFA members on NARAB passage The following statement was issued by NAIFA President Juli Y. McNeely , LUTCF, CFP, CLU :   “NAIFA applauds Congress for overwhelmingly pass...

NAIFA's McNeely Quoted in Wall Street Journal on the Role of the Advisor

January 8, 2015

NAIFA President Juli McNeely was quoted in a January 6 Wall Street Journal article, "Brains, Bots or Both? Finding a Financial Adviser," making a case for the important role played by insurance and financial advisors, even as automated systems are becoming more common in the marketplace. For "matters such as risk management, legacy and estate planning, charitable giving, tax strategies and lifestyle planning" McNeely says that a human advisor provides critical input and advice to consume...

NAIFA president issues statement on NARAB II

December 16, 2014

NAIFA is disappointed the Senate did not pass S.2244, the Terrorism Risk Insurance Program Reauthorization Act (TRIA), which included legislation that would have created a National Association of Registered Agents and Brokers (NARAB). NARAB II would have allowed insurance agents to operate in multiple states more efficiently. “NAIFA has worked hard to educate Congress about the potential benefits NARAB II would have offered to agents, brokers and consumers,” said NAIFA President Juli Y. Mc...