The Membership Newsletter of the National Assocition of
Insurance and Financial Advisors -
Jacksonville, FL
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The NAIFA Blog: The Voice of the Agent
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news and events,
please visit our website
or contact Association
Executive Cherri
Coombs Ohmer, LUTCF
at (904) 695-2300
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S. Roger Dominey, CLU, CFP, ChFCMessage From the President
S. Roger Dominey, CLU, CFP, ChFC

We held our 12th Annual Golf Tournament at St. Johns Country Club earlier this month.  I want to thank all of our volunteers and participants for a successful event.  Proceeds from this year's tournament will allow us to give to the Children's Home Society and Faith Field Baseball Ministries as well as support the missions of NAIFA-Jacksonville.
Make plans now and register online to join us at this month's meeting on Wednesday, November 20th at the University Club.  This will be a joint meeting with the Society of Financial Service Professionals, the Northeast Florida Chapter.  Our featured speaker will be Senator Aaron Bean.  After lunch we'll host a special educational program from the Society of FSP, "Now That the Dust Has Settled: A Re-Look at Both the Tax Code and the Affordable Care Act... Where Are We Now?"  This is a wonderful opportunity to call on other disciplines such as Attorneys and CPAs and invite them to join you because it provides 2 hours of continuing education for them as well.
In today's economy and our industry's rapidly changing rules and regulations let me remind you that NAIFA continues to be in the forefront on serious issues that are affecting our livelihood as well as our client's.  Be sure to visit the NAIFA Blog, "The Voice of the Agent," which provides timely analysis, context and commentary on important issues shaping the industry.  Recently our NAIFA National President John Nichols featured a story on the implementation of the Congressional Income Protection Caucus (letter) as well as other important links.  John's personal story about overcoming his disability after a tragic accident is also featured.
HAPPY THANKSGIVING!Wishing you and your family a wonderful Thanksgiving Holiday!
YAT Social at Cantina Laredo!
YAT Young Advisors Team
We invite you to stop in at Cantina Laredo on Wednesday, November 13th at 6:00 pm for "YAT- A Social Event"
- all members and non-members are welcome, please bring your YATs, guests, invite attorneys and CPAs to learn more about YAT, share best practices, and how we can help our young advisor's build their business and form those strategic alliances that are so vital to each of us. 
While there you will mix and mingle with the who's who of NAIFA-Jacksonville's YAT Committee -- find out about the year we've had, where we are, and where we are going locally and statewide (you haven't seen anything yet!) over cocktails and the best guacamole in JAX!
Cantina Laredo   
10282 Bistro Drive, Jacksonville, FL 32246
COST: $10.00
NAIFA-Florida 82nd Annual State Conference   
You could WIN a FREE Registration to the 82nd NAIFA-FL State Conference, June 19th - 21st, 2014 at the Delray Beach Marriott -- a $345.00 Value!  Raffle tickets are only $5.00 each and proceeds will support the exciting YAT events planned at conference!  Drawing to be held Tuesday, March 11, 2014 at Day on the Hill. 
Questions? Please contact YAT Co-Chairs: Jennifer Versaggi at or Cheryl Canzanella at
Joint Membership Luncheon and CE Opportunity!
NAIFA Jacksonville & the Society of Financial Service Professionals, Northeast Florida Chapter
Society of Financial Service Professionals
Joint Luncheon & CE Opportunity

Wednesday, November 20th, 2013

The University Club
1301 Riverplace Blvd., 27th Fl., Jacksonville, FL 32207
Aaron Bean  
Guest Speaker:
Florida State Senator Aaron Bean
Senator Bean will give attendees a brief session review with updates on Florida's health care. He will also update us on the economic trends in Florida and what's coming down the pipeline and what hot issues are coming up in the 2014 Legislation Session.
1:00 - 3:10 PM
"The Tax Code and the Affordable Care Act"
This program evaluates the effects of eleven months under the new tax code and the Affordable Care Act. Our panel identifies which planning tools have emerged as the best ones using the concept of portability as well as alternative tax-efficient techniques. Specific issues covered include: portability - what it means and what it doesn't do; alternatives to using portability (GST planning, grantor trusts, others); estates where, because of size, portability is not the only answer; decanting statutes as a state-by-state issue and what to do in states where there are no decanting statues; and use of large cash values in older polices to fund long-term care insurance.


This program offers continuing education credits for most disciplines, Insurance, ICB, CIE, CLE, CPE, PACE and Enrolled Actuary.


The cost is $50.00 for Lunch & CE. Members of NAIFA or SFSP who RSVP by Friday, November 15th pay only $35.00 for Lunch & CE!
Seating will be limited so secure your seat early!
Online registration and prepayment is necessary to save your seat!
Register Now
Click HERE for complete details
and online registration!
Luncheon Sponsored by 
Moseley, Prichard, Parrish, Knight and Jones

Moseley, Prichard, Parrish, Knight & Jones
Educational Program Sponsored by
Transamerica, Victor Calatrava
For more information, contact Association Executive Cherri Coombs Ohmer, LUTCF at or (904) 695-2300.

Caught on Camera!
NAIFA-Jacksonville Caught on Camera!
NAIFA-Jacksonville YAT Co-Chair Cheryl Canzanella (center) with WIFS National President Angie Shey (left) and incoming president of NAIFA National, Juli McNeely (right) at the 2013 WIFS Conference in St. Louis.
Membership Report
Frank Mantay, CFPSubmitted by Frank Mantay, CFP

272 Members and Growing!
Welcome to our newest members!

Rob Carling of Worth Financial
Deanna Brown of Ullman Financial
Please welcome these new members and get to know them.
The membership committee recently conducted an informal survey at our most recent luncheon. We asked three questions:
Why did you join?
Why do you renew your membership?
Why is membership important to you?
While responses varied for the first two questions, many responded that they joined because someone encouraged them, or they wanted the educational and relationship building opportunities that come with membership.  The majority felt membership was important to defend and represent our industry. 
Do you know someone that is looking to be part of something greater? Somewhere where they can learn and enjoy building new relationships? Is defending your profession important to you?  Then please refer prospective members to NAIFA Jacksonville's membership committee or invite them to our next luncheon!  Contact Frank Mantay at 904.443.2511 or
NAIFA-Jax 40-Hour Licensing Course!
Approved by the Department of Financial Services
Course ID 38274
Professional DevelopmentNext LIVE Course Dates:
November 15th - 18th, 2013

Courses are Four 10-hour days, Friday, Saturday, Sunday and Monday, from 8:00 a.m. - 6:00 p.m. NAIFA-Jacksonville provides top-quality moderators for each of the days. The course is designed to prepare you to take the state exam.
Adam W. Herbert University Center
12000 Alumni Drive, Jacksonville, FL 32224
Click HERE to register online!
For complete details on our website, please click HERE.
NAIFA-Jax Series 6 Prep Course!
Series 6 Prep Course
Securities Licensing

Build Client Wealth With Securities

Pass the Investment Company Products/Variable Contracts Representative Exam, commonly referred to as the Series 6, and be licensed to conduct business in financial products.


Next Course Dates:  

January 23rd - 25th, 2014

Thursday, Friday, Saturday, 8:00 AM - 5:00 PM
Hours: 24.00
CEUS: 2.40
Location: Herbert University Center (Building 43)
Committee Chairman:
Daniel Landrau,
Registration Fee: $240.00



Textbook and software package is sold separately. Click here:

National Committeeperson's Report
Maureen Kirschhofer, CLU, ChFCSubmitted by
Maureen A. Kirschhofer, CLU, ChFC

Treasury Modifies FSA/Cafeteria Plan Use-It-Or-Lose-It Rule



Issue: Health Insurance (FSAs)
Date: November 1, 2013
Action Taken: Flexible Spending Account (FSA) owners can now roll over up to $500 from the current year's contributions into the subsequent year, if their employers amend their cafeteria plans to allow for it. The change came on October 31, when the Department of the Treasury issued Notice 2013-71 modifying the long-despised "use-it-or-lose-it" rule.
Background: For decades the Treasury Department has, by regulation, required that FSA users lose any unused account balances at year-end. NAIFA and others in the health and employee benefits community have been lobbying for decades to have this use-it-or-lose-it rule overturned, either by legislation or by regulation. Notice 2013-71 is the culmination of that effort.
The New Rule: Plan sponsors may amend their section 125 cafeteria plans to permit "up to $500 of unused amounts remaining at the end of a plan year in a health FSA to be paid or reimbursed to plan participants for qualified medical expenses incurred during the following plan year, provided that the plan does not also incorporate the grace period rule." Further, the regulation states, "This carryover of up to $500 does not affect the maximum amount of salary reduction contributions that the participant is permitted to make...".
The regulation states that the carryover option is an alternative to the current grace period rule. The grace period rule, established in Notice 2005-42, allows a cafeteria plan to use amounts remaining from the previous year to pay expenses for certain qualified benefits for a period of up to two months and 15 days immediately following the end of the plan year.
Notice 2013-71 makes clear that whether to provide the carryover option is going to be at the discretion of the plan sponsor (employer). Further, the plan sponsor may further limit the $500 amount that can be carried over under the rule. And, the Notice emphasizes that no FSA amounts may be "cashed out" or used for any other taxable or untaxable benefit, but instead maybe used only to "pay or reimburse certain section 213(d) medical expenses (excluding health insurance, long-term care services or insurance)."
NAIFA Staff Contact: Diane Boyle, Vice President - Federal Government Relations, at, or Kyle Kunkler, Program Manager - Federal Government Relations, at
Please visit us at
Health Insurance Agents Identify Problems, Issues with Affordable Care Act
NAIFALower-income Americans seeking
subsidies particularly affected

While technical defects have prevented millions of consumers from enrolling in the online health insurance marketplace, members of the National Association of Insurance and Financial Advisors say consumers' lack of experience and knowledge in choosing a health plan poses an even greater challenge.
"The inability to log on to is just the first obstacle consumers face in their efforts to purchase health insurance," said NAIFA President John F. Nichols, MSM, CLU. "Consumers need the expertise that brokers and agents provide in helping them choose a plan that meets their unique needs. We want to be a solution by helping consumers make the right choice on the exchanges. Coverage does not begin and end with enrollment."
Nichols said consumers need assistance in three major areas:
Comprehension: Consumers do not understand the various medical plans currently offered on the state and federally-facilitated marketplaces.
Pricing: Consumers are unable to compare the pricing of the plans and determine which plan is best for them and their families.
Application process: Consumers need assistance completing the complex application for coverage.
Subsidies for coverage should be available both inside and outside the exchanges
While millions of Americans have had major difficulties logging on to the site, there is an even greater flaw in the ACA that affects poorer Americans, says NAIFA President John Nichols: Government subsidies are available only to those purchasing plans through the federal and state exchanges, which limits the options of lower income consumers who cannot consider competitive plans outside the exchanges.
"Those hurt most by the glitches are the most needy," Nichols said. "Individuals who aren't eligible for subsidies can easily obtain coverage outside the exchanges on the existing market, which isn't filled with glitches and delays. Unfortunately, lower income Americans can only use their subsidies for coverage purchased inside the exchanges. This is one of the reasons NAIFA argued that the subsidies should be available both inside and outside the exchanges."
Even if the government can get the exchanges running more smoothly, it still makes sense for consumers to have the freedom to use their subsidies on plans purchased outside the exchanges, Nichols said.
"An off-exchange plan may provide more suitable coverage for a particular individual or family, or it may be cheaper than exchange-base alternatives," Nichols added. "Yet consumers, if they need to take advantage of the subsidies, are locked into the limited choices on the exchanges."
NAIFA members and NAIFA President John Nichols are available for further comment.  Please call Mark Briscoe at 703.770.8111; or Sheila Owens at 703.770.8112;  More information is available about the ACA at
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