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Sue Swanson
President COPIC FSG

(720) 858-6288


Mike Edwards

 Dir. of Financial Services (720) 858-6289


Andrea Levine

 Senior Account Executive

(720) 858-6287


Mitch Laycock

 Account Executive

(720) 858-6297


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GroupSource Group Purchasing is a leader in cost containment strategies for medical practices. COPIC-insureds are able to take advantage of these GroupSource discounts through an innovative program called CO-POWER.


Click HERE to learn more about how your practice can save money today!


What Our Clients are Saying about our Business Owners Insurance Expertise


"Thank you for your expertise, excellent follow-up and prompt attention from the very beginning...
I am grateful to you for your patience."
-Family Practice Physician in Fort Collins, CO


Have you recently booked that once-in-a-lifetime vacation? Protect it from
the "what if."

COPIC FSG now provides Travel Insurance!

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In This Issue - May 2013
Fiduciary Liability and ERISA Bonds: What's the Difference?
Life and Long-Term Care Policies
Managed Accounts: Greater Flexibility and More Customization
Small Group Health Care Reform Update

 Fiduciary Liability and ERISA Bonds: What's
the Difference? 

Employee benefits are a key piece of the job market and benefits like health care and retirement funding are essential for attracting committed, quality workers. Sometimes problems arise, whether a shaky market shrinks funds or bad investment advice leads to sudden loss, and companies need to know what kind of protection they provide their fiduciaries and financial decision makers.


Fiduciary Liability Basics
Fiduciary liability got its start in 1974 with the passing of the Employee Retirement Income Security Act (ERISA). In short, the act made companies accountable for the security of their employees' retirement funds. The government requires that all employers secure the funds of their workers through fidelity bonds, but they do not require that companies take any precautions against fiduciary liability. While some aspects of fiduciary risk could be covered by Directors' and Officers' (D&O) or Commercial General Liability insurance, this is rare. Fiduciary liability resembles these other forms of insurance, but resides in its own distinct category.


Protecting the Company
Due to the complex communication, advisements and stock market risks inherent to the role of a fiduciary, liability for retirement funds is often shared unfairly or misplaced entirely. Poor recommendations made by third-party financial advisors and sudden swings in a turbulent market can leave responsibility solely on even the best of fiduciaries. Fiduciary liability coverage can help defend a company's reputation and the reputation of its management team. 


These areas are addressed by comprehensive Fiduciary Liability policies and ERISA Bonds available to you through COPIC Financial. Contact Mitch Laycock at (720) 858-6297 for more information to ensure your practice is properly protected.


A Policy That Insures Life & Long-Term Care 

You'd like to do something to protect yourself against the staggering costs of long-term care, but you can't see paying rising premiums for a long-term care insurance policy that you may never need. A viable option may be a policy that combines life insurance with long-term care payouts. These combination policies provide a death benefit for an individual's heirs and a pool of money that can be used for long-term care. Funds used for care are generally subtracted from the death benefit.


Combination policies have become more popular as baby boomers witness the impact of long-term care costs on their parents' portfolios. Meanwhile, more people in their 50s and 60s are considering life insurance because their shrunken nest eggs may not cover expenses for surviving spouses. Some people who already have life insurance are swapping into versions that can provide tax-free payouts for long-term care expenses. Additionally, there are policies that give a fixed daily amount payout, regardless of actual long-term care expenses.


Individuals have different needs when it comes to life and long-term care insurance, and the policy possibilities are seemingly endless. Let COPIC Financial Service Group help you prepare for your future. Contact Cary Lamb at (720) 858-6282 with questions or for more information.


Managed Investment Accounts: Greater Flexibility, Customization and Tax Control

"I'll have a to-go, double Ristretto Venti vanilla soy light whip latte, please."


Coffee has come a long way from the days of picking up a cup of regular or decaf at the local convenience store. In fact, Starbucks prides itself on offering customers a wealth of choices - and now claims more than 19,000 drink variations are possible.


In today's world, consumers are used to customization - and this demand is spilling over into the investment arena. Many investors no longer want to be lumped together with the masses in a portfolio of mutual funds or other commingled products. The good news is that customization is available through separately managed accounts (SMAs).


A high level of personalization

With a managed account, you can exclude specific securities or entire sectors to ensure your portfolio is not over-concentrated in one holding. A managed account can enable you to align an effective tax strategy with your investment strategy.


Institutional money management

A managed account can provide you with access to institutional money managers whose experience and expertise offer the benefit of a custom investment plan based on your unique investment objectives, risk tolerance and time horizon.


Greater transparency

Most managed accounts allow you to immediately see your performance holdings, transaction history and gain or loss information online.


Take your portfolio to the next level

SMAs represent the next phase of customized investing. Like being able to order your coffee just the way you like it, managed accounts give you the opportunity to have a completely customized investment portfolio designed to meet your unique needs. Now is the ideal time to take a closer look at whether a managed account will fit your investment needs and minimize the tax burden on your mutual fund investments.


Contact Mike Edwards at (720) 858-6289 to discuss options that are right for you.


*Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. COPIC Financial Service Group and Woodbury Financial Services, Inc. are not affiliated entities.
Small Group Health Care Reform Update

Don't let health care reform sneak up on you. We can keep you informed and help you stay on top of the changes under the Affordable Care Act (ACA). Employers will see an impact on the health coverage they offer their employees as a result of some changes under the ACA. While the cost may differ for each employer based on location and plan design, some "older" age groups may actually see a decrease in rates, and the reverse may happen for some of the "younger" age groups.

Here are some areas that will experience change in the next few years:

Adjusted Community Rating and Market Restriction: Adjusted community rating (ACR) rules will apply to non-grandfathered individual and small group insurance markets effective for plan years (policy years in the individual market) beginning on or after Jan. 1, 2014. Under the ACA provision, the use of actual or expected health status or claims experience to set rates for premiums is prohibited.


Minimum Essential Coverage: The ACA does not explicitly mandate an employer to offer employees affordable health insurance. However, employers with 50-plus full-time employees may be subject to a penalty if an employee receives a premium credit or cost-sharing subsidy through a health insurance exchange. An individual may be eligible for a premium credit or cost-sharing subsidy either because the employer does not offer coverage or the coverage offered does not provide "minimum essential coverage."


Deductible Caps: As of 2014, plan design deductibles may not exceed a $2,000 (self-only) or $4,000 (other than self only) annual limitation provided under the ACA.

Out-of-Pocket Maximum Changes: Beginning in 2014, all cost-sharing toward services including flat-dollar co-pays that are defined as Essential Health Benefits must accumulate to a plan's out-of-pocket maximum.


We understand the ACA may seem complicated and that it will affect every employer differently. We will continue to provide updates throughout the coming months to keep you informed of these changes and what to expect. Please contact Andrea Levine at (720) 858-6287 with any questions. Rest assured, the one thing that won't change is our commitment to helping you!




Even if you're not currently in the market for insurance products, we're always available to help make sure you're getting the best coverages at the best prices. Call us at (720) 858-6280!

President, COPIC Financial Service Group
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Copyright 2013 by the COPIC Trust. All rights reserved. No part of this publication can be produced or transmitted in any form or by any means without written permission from the publisher.

  COPIC Financial Service Group, Ltd. is an insurance brokerage firm representing a variety of insurance carriers. Products offered by COPIC Financial are not issued by COPIC Insurance Company.