National Association of Insurance and Financial Advisors

 

NAIFA Oregon News


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  • 22 May 2018 7:50 AM | Mary Louise VanNatta, CAE (Administrator)

    Don Nau, Oregon National Committeeperson, has reported from the Congressional Conference that NAIFA 20/20 has passed.

  • 07 May 2018 12:33 PM | Mary Louise VanNatta, CAE (Administrator)

    Our May 9 Health/Leg call is cancelled.  The next call will be June 13 at 9:00 am. If you would like to read Roger Beyer's legislative report for April, click here.

  • 01 May 2018 2:45 PM | Mary Louise VanNatta, CAE (Administrator)

    The following officers have been selected by the Governance Committee as leadership of NAIFA Oregon.  Confirmation will take place at the next delegate council meeting at the state convention at the Pacific NW Truck Museum immediately after the board meeting (approximately 8:30 am). The slate of officers selected is 

    President:  Jeff St. Clair

    President Elect:  Mai-Han Shultz

    Vp:  Travis Dougherty

    Director of At Large: Tracy Boster

    Secretary Treasurer:  Lisa Lettenmaier

    National Committeeman:  Don Nau (3-year term)

    Past President: Sheri Weber


  • 14 Apr 2018 1:39 PM | Mary Louise VanNatta, CAE (Administrator)

    SB 1528B negates state income tax relief for Oregon’s small businesses

    FOR IMMEDIATE RELEASE
    Contact: Anthony K. Smith, Oregon State Director, [email protected]
    or Tony Malandra, Senior Media Manager, [email protected]

    SALEM, Ore., April 13, 2018—The following business groups today expressed their disappointment in Gov. Kate Brown’s signing of Senate Bill 1528, which increases taxes on small business by more than $1 billion over six years. Statements follow.

    • Associated Oregon Loggers
    • Oregon-Columbia Chapter of Associated General Contractors
    • Oregon Farm Bureau Federation
    • Oregonians for Food & Shelter
    • Oregon Power Sports Association
    • Oregon Restaurant & Lodging Association
    • Oregon Seed Council
    • Oregon Small Woodlands Association
    • Oregon State Association of Plumbing-Heating-Cooling Contractors
    • Oregon Vehicle Dealers Association
    • National Association of Insurance and Financial Advisors-Oregon
    • NFIB/Oregon
    • Northwest Auto Trades Association

    Anthony Smith, Oregon state director for the National Federation of Independent Business:
    “Lower taxes mean more opportunities for entrepreneurs to make investments in their businesses, their communities, and their employees. NFIB remains committed to preserving every possible benefit from federal tax reform because the Tax Cuts and Jobs Act has led to a significant surge in small-business optimism across the nation, reaching some of the highest levels on record. Unfortunately, Oregon has chosen a different path. Today’s signing of SB 1528 marks a significant step backward for our state’s entrepreneurs.

    Jason Brandt, President & CEO for the Oregon Restaurant & Lodging Association:
    “As Oregonians running restaurants and lodging establishments continue to assess their tax liability under the new federal reforms, one thing is painfully clear – there will be no state income tax relief for Oregon’s small businesses. Oregon had an opportunity to replicate and amplify the successes of federal tax reform by connecting to the new 20 percent deduction on pass-through business income – which would have happened automatically, without passing a single bill this year. This is a very unwelcome and disappointing development.”

    Cathi Webb, Executive Director for the Northwest Auto Trades Association:
    “It’s sad to see Oregon moving in the wrong direction. We were once a leader in recognizing the importance of providing tax relief to our homegrown, main street businesses. Now, Congress and the White House have raised the bar with an inclusive policy that lowers taxes for nearly every S-corp, partnership, LLC, and sole proprietorship. We could have done the same. We didn’t.”

    Jonathan Sandau, State Government Affairs for the Oregon Farm Bureau Federation:
    “The state’s decision to decouple from the federal tax code jeopardizes our local farmers’ economic competitiveness by blocking the full benefits that could have been realized from federal tax reform. By keeping those dollars on the farm, Oregon’s small farming and ranching families had an opportunity to engage on a level playing field to provide healthy, responsibly grown food to our local markets.”

    Jim Geisinger, Executive Vice President for Associated Oregon Loggers:
    “The state asks small businesses to pay more and more of the state’s obligations while making it more and more difficult to make a buck to tax! They can’t have it both ways!”

    Roger Beyer, Executive Director for the Oregon Seed Council:
    “For Oregon’s family owned farms this is a real blow. Unlike many other businesses, farms cannot pick up and leave the state if it is unprofitable to continue doing business. The state has increased the cost of producing seed significantly in recent years and today, the Governor showed us where her loyalties lie. This was a missed opportunity for Oregon.”

    Background

    According to the non-partisan Legislative Revenue Office, SB 1528B raises $244.4 million in 2017-19, $376.7 million in 2019-21, & $427.4 million in 2021-23, a total of more than $1 billion in additional revenue that was not part of the most recent state revenue forecast.

    The U.S. Small Business Administration reports that Oregon has over 350,000 small businesses, accounting for 99.4 percent of all businesses in the state and employing more than half of the state’s private sector workforce. The median income for individuals self-employed at their own incorporated businesses was $44,147 in 2015. For individuals self-employed at their own unincorporated firms, this figure was $20,672, including all income sources.

    For further background information, check out NFIB Leading Veto Campaign on Senate Bill 1528 story on the NFIB Oregon webpage and follow NFIB Oregon on Twitter for small-business news @NFIB_OR.


  • 11 Apr 2018 5:47 PM | Mary Louise VanNatta, CAE (Administrator)

    Rates go up for our State Conference on May 1.  Register today!

  • 15 Feb 2018 12:36 PM | Sidney Gallardo (Administrator)

    Hello,

    Contact your legislators regarding Senate Bill 1528! Read NAIFA Oregon's notes and concerns regarding this and other bills click here. 

    Best, 

    NAIFA Oregon


  • 28 Jul 2017 3:13 PM | Mary Louise VanNatta, CAE (Administrator)





    NAIFA Oregon is proud to have such a fine slate of officers:


    Jeff St. Clair                 President

    Sheri Weber                 Past President

    Mai-Han Shultz            President Elect

    Lisa Lettenmaier          Vice President

    Kim Kelly                      At Large Director

    David Voorhies             Secretary/Treasurer

    Don Nau                       National Committeeman (standing)



  • 14 Jun 2017 3:47 PM | Mary Louise VanNatta, CAE (Administrator)

    NAIFA Oregon

    Combined Governmental Affairs/Health Conference Call, 6/14/17

    In attendance:

          Roger Beyer, lobbyist

          Lisa Lettenmaier, State President-Elect

          Laura Powell

          John Thunell

          Paul Hagemann

          Tracy Boster

          Mary Louise VanNatta, Staff, Sidney Gallardo

    Meeting called to order at 9:03 a.m.

    Governmental Affairs- Roger Beyer

     

    Session Overview

          26 days left in the session

          Senate said they will be done early

          House has all the tax bills and haven’t passed any. They will probably hold those until they get what they want from the Senate.

    HB 2830: http://gov.oregonlive.com/bill/2017/HB2830/  (Gross Receipts tax)

          Gross receipts tax on the table, would tax companies with gross receipts of $3mil or more

          Public Hearing was June 13 (NFIB, HBA, NAIFA testified in opposition, rest were in support).

          The bill is projected to raise $1B

          For Insurance and Financial firms, only dollars kept by entity (commissions, etc.) are taxable

          Business owner (Agency Owner) would have to pay tax on all gross commissions received, regardless if some of the commissions were paid out to a 1099 agent

          Currently, if you are a pass-through entity (S-Corp, LLC) you get a preferred tax rate based on a “pass-through rate differential” …with this law, the preferred tax rate would go away

          Some C-corps will be hit very hard

          Even though the public voted this down in the Fall of 2016 (Measure 97) the legislature is still trying to push this through

          If it passes the House and Senate, the only option to stop it would from becoming law would be to refer it to the voters. There would only be (90) days from the point it passed to gather the necessary signatures

          Roger is hopeful there aren’t enough votes for this, they would need (1) Republican vote in the House and Senate since the Democrats do not hold a “super majority.”

    HB 2391 http://gov.oregonlive.com/bill/2017/HB2391/ (Hospital Tax)

          Both sides seem to agree with the provider tax (increase hospital provider tax)

          Loophole in Medicaid law that a state is reimbursed 2 to 1 (every $1 we spend we get $2 federal in return)

          The State taxes hospitals, uses money to put into Medicaid and the Fed’s match 2-1 and give the money back to the hospitals

          It is a way to get more federal dollars…not sure how this would be affected if the Feds adjust the Medicaid Expansion from the ACA

          The problem with the bill is that the Speaker (Tina Kotek) wants a 1.5% tax on health insurance premiums and is unwilling to take that out of the package. With that in the bills language, even some Democrats are reluctant to vote yes for the bill as the 1.5% premium tax would go straight to the consumer.

    SB 95  (Mandatory reporting of suspected Elder financial abuse)

          Awaiting final report in the House.

          Of the (4) definitions of when a “mandatory report” would be a crime, the first three are actual crimes. The fourth item was modified to read “when income or assets are being used for the benefit of someone other than the account holder AND “without the account holder’s consent.”

    •       For example; If an advisor believed that a POA is using a person’s funds without their consent, then a report would need to be made

          Only Financial Advisors have this new Class D regulation because other mandatory reporters do not have access to consumer’s financials (like physicians, etc.)

          Financial advisors who work for financial institutions (banks) do not have to be reporters but they have other regulations that make them mandatory reporters if they suspect abuse

          Another amendment changes it from a criminal act for failure to report with a $2,000 fine to a $1,000 max Civil fine.

          This bill has seen improvements in many areas do directly to the work of NAIFA OR, our lobbyist, Roger Beyer, who negotiated directly with the Senate committee members and several of our NAIFA OR members who gave of their time to review the bill and voice their concerns. A BIG Thank You to all involved!!!

    SB 332 (Insurance Rebates)

          Passed both Senate and House.

          Our arguments were not as compelling as Nationwide.

          State Farm went to neutral because of Senate amendments and NAIFA Oregon then lost traction.

    SB 828: (Predictive Scheduling)

          Has become a Retail Bill (Walmart & Wilco)

          The bill will probably get moved out of the Senate Committee

          Affects retail employers who hire more than 500 employees in the State who are not protected under a union.

     

    HB 3083 (Requires DCBS to do a study on how to stabilize health insurance exchange)

          Currently in Ways and Means

          Doesn’t seem to be going anywhere due to lack of funding.

    SB 977  (Non-Compete Bill)

          Bill died in Judiciary committee due to lack of support

          There will be a summer work group on the issue

          Would have changed (18) month limit to (6) month limit on non-compete

          The bill does not specifically address 1099 agents

          NAIFA Oregon will monitor the workgroup this summer.

    National Issues

          Congress did repeal the requirements for State Run Retirement Plan.

          Oregon is going forward and rules will go out for comment.

          July 1 will be the start. Comment period is now open.

          Two clauses are added: 

          Program is not an employer-sponsored plan.

          Employee participation is completely voluntary.

          Any initial legal challenge may come from an employer who is required to do this.

          Any employee who puts their money in the system and it doesn’t make money (and they feel they have been wronged by the State or the employer) could go to ERISA for protection.

    • ·       July 10 is Sine Die for Salem Legislature (the official end of this session)
    • o   There is talk of a special session in September depending upon National actions regarding tax cuts and/or ACA repeal/replace efforts which could affect Oregon’s budget.

    Health- Lisa Lettenmaier

          Atrio will no longer sell Individual and group health plans as of Dec. 31, 2017...this will mean that they will not be allowed to re-enter the market for (5) years

          Zoom health plans will also close as of Dec. 31, 2017.

    •       There are some serious financial concerns and an investigation is underway

          Carriers have filed their initial rate requests for 2018, the state should release their approved rates by late July

          Lowest request is from PacificSource (only want 6.9% increase) rest want an average increase of 12.5 to 20.7%

    •       Providence is asking for 20.7%

          Small group market is doing better, a few carriers requested average increase of 8% but most are averaging between 2 to 5 %.

     

    National Level

          Humana is pulling out of the individual health market in the exchange.

          Currently (45) counties in the USA that will have no insurance companies to choose from on the exchange, (1200) counties will only have (1) carrier to choose from…that is 40% of the counties in the country. These numbers could get worse.

          Carriers are tired of losing money and there is uncertainty whether the Trump administration will continue to pay the “cost sharing subsidy”

    •       This is the subsidy that reduces the amount of deductible and out of pocket costs a consumer is subject too

          Regence and Asuris are pulling out of the Washington Exchange

          Big concerns for consumers and what choices they will have for health plans in 2018.

    Adjourned at 9:51 a.m.

    Next Meeting: Wednesday, July 12, 2017, 9 a.m.,

    Dial in: 1-503-210-2091, Conference Bridge 2, Code: 6931


  • 26 Apr 2017 8:21 AM | Jess Campbell

    The Progressive rebating bill has been scheduled for a public hearing in the House Health Care Committee.  The hearing is at 3:00 PM on Monday May 1st.  If anyone would like to come testify please let me know so I can make sure to coordinate testimony with them.

    Info is below.


    Roger Beyer

    [email protected]


    Measure: SB 0332
    Committee: HHC
    Committee Type: HHC
    Date: 2017-05-01 3:00 PM
    Agenda Number: 2
    Client: NAIFA
    Meeting Type: Public Hearing and Possible Work Session
    Category: 
    Meeting Location: HR E
    Employee: Roger Beyer
    Position: Oppose - 3
    Status: 
    Comments: 
    Catch Line: Provides that prohibition against person offering rebate of premium does not prohibit giving, as form of advertising, as promotional program or as promotional material, prize, goods, wares, merchandise, articles or property with aggregate value that does not exceed $100 in calendar year to insureds other than persons for whom insurer issues health insurance or health benefit plan.


    The Progressive rebating bill has been scheduled for a public hearing in the House Health Care Committee.  The hearing is at 3:00 PM on Monday May 1st.  If anyone would like to come testify please let me know so I can make sure to coordinate testimony with them.

    Info is below.


    Roger Beyer

    [email protected]


    Measure: SB 0332
    Committee: HHC
    Committee Type: HHC
    Date: 2017-05-01 3:00 PM
    Agenda Number: 2
    Client: NAIFA
    Meeting Type: Public Hearing and Possible Work Session
    Category: 
    Meeting Location: HR E
    Employee: Roger Beyer
    Position: Oppose - 3
    Status: 
    Comments: 
    Catch Line: Provides that prohibition against person offering rebate of premium does not prohibit giving, as form of advertising, as promotional program or as promotional material, prize, goods, wares, merchandise, articles or property with aggregate value that does not exceed $100 in calendar year to insureds other than persons for whom insurer issues health insurance or health benefit plan.

  • 30 Mar 2017 10:14 AM | Mary Louise VanNatta, CAE (Administrator)

    NAIFA Oregon held its annual awards banquet on March 30, 2017 at the Salem Convention Center.

    C. Tracy Boster, President of Blue Mountain Association was honored with Senior Agent of the Year.

    Laura Powell was named Health Agent of the Year and

    David Willis was honored with the prestigious Bud Horn Award.  Pictured below with John Lenz.



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