As cannabis companies across the nation face the possibility of workforce reductions due to the Coronavirus pandemic, operators can consider an alternative option: Work Share Programs. Where available, Work Share Programs provide an alternative to laying off employees by allowing them to keep working, but with fewer hours. Additionally, employees may be eligible to collect part of their regular unemployment benefits.
Work sharing, or short-time compensation (STC), is an Unemployment Insurance (UI) program that allows an employer to reduce the number of hours an employee works while unemployment compensation makes up some of the difference in income.
The Families First Act was signed into law on March 16th and addresses the domestic coronavirus outbreak, including paid sick leave, insurance coverage of coronavirus testing, nutrition assistance, and unemployment benefits.
Dede Kennedy-Simington is a 30-year veteran of the insurance industry and is known nationally for her expertise in the field of employee benefits, health insurance, and healthcare financing reform. She is President of BenAssist Health Insurance Services, the fully woman-owned business she founded.
Dede is a Certified Healthcare Reform Specialist, member of the Leading Producers
Round Table, and works with large and small, private sector health insurance plans, including fully and partially self-funded programs.
Dede’s expertise is in providing extensive analysis to assist clients in the design of employee benefits and HR strategies that bend the healthcare cost curve, strengthen employee engagement and retention, adding to and fortify operational strategies. Her firm also provides precise federal and state insurance compliance tools and innovative resources.
Dede has lobbied extensively on healthcare reform in Sacramento and Washington, DC, since 1998, and is a self-professed legislative junkie. She was honored to serve as President of LAAHU for two years during the implementation of the ACA (Patient Protection and Affordable Care Act), giving her an extraordinary in-the-trench perspective and experience with the ground-breaking legislative and regulatory changes affecting employers, individuals, Covered California, and all insurance markets.