Benefits Blog

Anthem Exits Healthcare Exchange Insurance Market in Virginia

Anthem Exit

It’s been three weeks  since the watershed announcement by Anthem Blue Cross to exit the Healthcare Exchange Insurance market in Virginia.  Insurance carriers hate uncertainty, and during the last five years, uncertainty has dominated the Affordable Care Act (ACA) discussion.  Insurance carriers were promised 48 million new customers in 2010, yet the penalties were so…

Importance of Life Insurance

The Importance of Life Insurance

Do you realize the Importance of Life Insurance? It’s been a tough month in my business. Among other products, I sell life insurance to employers, employees, and individuals. I sold my first policy in 1988, and almost 30 years later, my zeal for helping folks plan has not faded. Life insurance is not about you-…

Do you need Travel Insurance?

Do you need Travel Insurance?

Do you need Travel Insurance? As my family embarks on our annual vacation to Hilton Head, I am reminded of the importance of obtaining travel insurance for those who travel abroad.  This weekend, a friend and client discussed the perils of his father in law who, while traveling to Ireland, became sick and is suffering…

Disability Insurance and Preparing for the Financial Hit

Disability Insurance and Preparing for the Financial Hit

It strikes like a bolt from the blue: unwanted, unexpected, unwelcome. Unfortunately, many of us are totally unprepared for the financial hit that disability can bring. Imagine: you’re suddenly unable to work. Without an income, you quickly exhaust your savings, undermining your family’s financial security. The money you’ve managed to put away for a vacation,…

Showdown in Washington - Will CMS listen to the Republicans?

Showdown in Washington – Will CMS listen to the Republicans?

Despite no “Repeal and Replace” solution from the Republicans, the battle continues as CMS announces major changes for the 2018 Marketplace Health Insurance Enrollment Period. In a move that surprised many, CMS agreed to the following concessions: Consumers who apply for a Special Enrollment Period (SEP) must prove they have lost coverage prior to enrolling.…

Health Savings Accounts Under the Microscope

Health Savings Accounts Under the Microscope

The current Republican proposals to replace and repeal the Affordable Care Act (ACA) places great emphasis on enhancing Health Savings Accounts (HSAs). Not everyone is covered under a High Deductible Health Plan (HDHP); however, given the current and future costs of healthcare, we anticipate more Americans will enroll in an HDHP by necessity. In order…

Response to the New Republican Healthcare Bill

My First Response to the New Republican Healthcare Bill

My First Response to the New Republican Healthcare Bill – The first song on my Sirius radio this morning as I drove to work was Sam Cooke’s “A Change is gonna come”. For the last three months, I have anticipated changes in the Affordable Care Act, from the repeal and replace promise, to a more…

Fortune's Best Employers 2016 - Are Benefits at the top of the list?

Fortune’s Best Employers 2016

Benefits Separate Fortune’s Best Employers from the Pack Fortune Magazine recently released their TOP 100 employers to work for in 2016, and benefits are at the top of the list of reasons why they separate themselves from the pack. Just examining the TOP 2: Google and Acuity Insurance in Sheboygan, Wisconsin and you see some common…

Health Savings Accounts Lead the Change

Health Savings Accounts Lead the Change

Health Savings Accounts Lead the Change in 2017. In the first real month if healthcare reform discussion in Washington, new plans are beginning to take shape, but one common denominator exists: The expansion of Health Savings Accounts (HSAs). Speaker Paul Ryan is leading the charge with plans to provide higher annual limits, more portability, more…

How will Trumpcare change Obamacare ?

How will Trumpcare change Obamacare ?

I’ve spent the last three weeks engaging clients and prospects with the most important topic in my industry:  How will Trumpcare change Obamacare?  What impact will it have on my business, my employees, our coverage, my 25 year-old graduate student?  While I don’t have any secret inside information, nor am I on twitter,  there are…

Medicare Announces 2017 Parts A & B Premiums and Deductibles

Medicare Announces 2017 Parts A & B Premiums and Deductibles

Medicare Announces 2017 Parts A & B Premiums and Deductibles. This year’s Social Security cost-of-living adjustment will increase Medicare costs for beneficiaries. Medicare Part B About 70% of Medicare beneficiaries will pay $109 for their 2017 Part B monthly premiums, a 3.9% increase compared to the past four years. The remaining 30% not “held harmless”…

Getting Ready for Medicare’s Annual Enrollment?

Getting Ready for Medicare’s Annual Enrollment? Some tips to share

Are You Getting Ready for Medicare’s Annual Enrollment? Here are some tips to share. In a little over a month, we batten down the hatches, put our nose to the grindstone, and help hundreds of Medicare Beneficiaries with what is more commonly known as Open Enrollment. October 15 – December 7, 2016 is Medicare’s Annual…