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UPDATED: Families First Coronavirus Response Act (FFCRA) FAQs

As the news of the Coronavirus (COVID-19) continues to grow, it is our goal to keep you informed of all updates as they pertain to you, your teams, and your organization.

FCMS Quarterly Market Review & Outlook

In our commitment to provide ongoing communication and leadership, we are writing to you today to make you aware of the outcomes of our most recent economic committee meeting for the Freedom Capital Management Strategies®. As you know, COVID-19 began impacting the market during the first quarter of this year. This is a detailed outline of the trends we are monitoring, their implications, and also our perspectives. 

Relaxed Insurance Eligibility Requirements and Extended Relief Period

The unpredictability of the current COVID-19 situation is complex, and Brooks Financial Group (BFG) understands how stressful that can be during these difficult times. Many employers are faced with limiting hours and furloughing employees. The insurance carriers want to remain flexible and accommodating. As such, many insurance carriers are relaxing eligibility requirements during this crisis and are establishing an extended relief period until May 31, 2020.

CARES Act Provides Relief to Individuals and Businesses

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis.  Major relief provisions are summarized here.

April 1, 2020 - Families First Coronavirus Response Act (FFCA) Information

As the news of the Coronavirus (COVID-19) continues to grow, it is our goal to keep you informed of all updates as they pertain to you, your teams, and your organization. 

Share with Employees by April 1, 2020: Families First Coronavirus Response Act (FFCA) Guidelines

The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specific reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020.

Maryland's COVID-19 Business Response Website

The State of Maryland has taken far-reaching and proactive steps to minimize the impact of COVID-19 across our state, including ordering state employees to telework, closing public schools, closing casinos and racetracks, and activating the National Guard so it is ready to carry out any emergency functions that may be needed. State agencies including the Department of Commerce remain prepared to serve our clients in the business community. 

Important Information for Small Business Owners Impacted by COVID-19

Our Dearest Brooks Financial Group Family,

As news of the Coronavirus (COVID-19) continues to grow, it is our goal to keep you informed about financial matters impacting us all.  

BFG's COVID-19 General Information & Best Practices

We at Brooks Financial Group (BFG) are aware of the challenging times we all face personally and professionally as we navigate the uncharted territory of COVID-19. We continue to monitor national, state and local reports and comply with their recommendations. We have adapted processes and procedures that allow us to continue to provide our high level servant leadership to our trusted partner client relationships, while mitigating exposure to all stakeholders. 
 

Information Regarding the Families First Coronavirus Response Act (FFCA)

Our Dearest Brooks Financial Group Family,

As news of the Coronavirus (COVID-19) continues to grow, it is our goal to keep you informed.

Today, we'd like to share an alert regarding the Families First Coronavirus Response Act (FFCA) and Emergency Family and Medical Leave which was passed and signed into law on March 19, 2020.