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Covered California for Small Business –
New Blue Shield Plans

Starting July 1, Covered California for Small Business (CCSB) is offering new Blue Shield plans, providing more options for enrollees. These plans include the Access+ HMO Network with Platinum, Gold, and Silver metal tier options, as well as the Bronze Trio HMO 7000/70. The two most popular Blue Shield High Deductible Health Plans (HDHP), Silver Full PPO Savings 2300/25% and Bronze Full PPO Savings 7000 plans, are also now available.

All of these plans offer benefits such as Wellvolution, Teladoc Mental Health, Nurse Help 24/7, LifeReferrals 24/7, and the Blue Card program for when members are outside of California.

For assistance, please contact our Quotes team at quotes@claremontcompanies.com or 800.696.4543.

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Paycheck Protection Program (PPP)

What is the Paycheck Protection Program Flexibility Act (PPPFA)?

President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA) on June 5, 2020. The new law makes some significant changes to the Paycheck Protection Program (PPP), providing much flexibility to businesses who have taken a PPP loan. The new law makes five main changes to the PPP: 

  1. Changes amount of loan needed for payroll to 60%. 
  2. Extends time period to use funds from 8 to 24 weeks. 
  3. Pushes back a June 30 deadline to rehire workers to December 31, 2020. 
  4. Eases rehire requirements. 
  5. Extends the repayment term from 2 years to 5. 

This helpful Forbes article provides more information.

Claremont Insurance Services and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. 

There may be a more recent answer to this question. Contact Claremont for an update.

In our library, you’ll find carrier forms, applications, enrollment kits, broker bonuses, marketing resources, and more (video tutorial). However, not all carrier forms are available online.

If you don’t find what you are looking for, contact our team for help at 800.696.4543 or materials@claremontcompanies.com.

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