Insurance Companies Provide Coverage After COVID-19 Vaccination
SciCheck Digest
Insurance companies do not deny claims when someone dies after receiving a COVID-19 vaccine, according to the American Council of Life Insurers. But a viral social media post has falsely claimed that beneficiaries of a person who dies after getting the vaccine cannot collect life insurance payments. How do we know vaccines are safe?
As with any vaccine, safety is also being monitored as the shots are rolled out to members of the public to ensure there are no side effects of concern. A very small number of severe allergic reactions, for example which are expected with any vaccine haveoccurred with some of the authorized COVID-19 vaccines. The CDC said the reaction – anaphylaxis – occurred in 2 to 5 people per million vaccinated. This reaction “almost always occurs” within a half hour of receiving a shot, and vaccination providers have medicine to immediately tr
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Senators Introduce Bipartisan Bill to Increase Retirement Plan Participation
The Improving Access to Retirement Savings Act is intended to open MEPs to 403(b) plans and more small businesses.
Three US senators have introduced legislation they say would make improvements to existing laws to help more organizations and small businesses participate in retirement plans, including multiple employer plans (MEPs) and pooled employer plans (PEPs).
Sens. Chuck Grassley, R-Iowa; Maggie Hassan, D-New Hampshire; and James Lankford, R-Oklahoma, say the Improving Access to Retirement Savings Act would build off the Setting Every Community Up for Retirement Enhancement (SECURE) Act which was passed in late 2019 and help 403(b) plans, among other provisions. The legislation would allow 403(b)s to participate in MEPs.
Senators reintroduce bill to expand MEP usage
Sen. Chuck Grassley, R-Iowa
A bipartisan bill to expand the use of open multiple-employer plans has been reintroduced in the Senate.
The Improving Access to Retirement Savings Act, introduced Wednesday by Sens. Chuck Grassley, R-Iowa, Maggie Hassan, D-N.H., and James Lankford, R-Okla., would allow more groups to participate in MEPs by expanding coverage to include 403(b) plans. It also clarifies that small employers that join a MEP may take the small employer pension plan startup credit for their first three years in a MEP, regardless of how long the MEP has been in existence.