 | | Wonder Who Bobby Orr will be rooting for? |
 | | Two years, 26 games and 6 goals |
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Dear :
We are seeing more stories around the country as people realize the cost of healthcare will increase as the Affordability Act is implemented. The latest one from Ohio, Forbes article, calls for an increase in the individual marketplace between 55% to 88%.
Before the Commonwealth of Massachusetts adopted Healthcare Reform there was talk about how exchanges would allow employers & individuals to be able to purchase insurance at incredible rates. That did not happen. If you have a law that requires coverage on everything without pre-existing condition exclusions, unlimited lifetime maximums, and corresponding low penalties not to participate, rates are going to increase dramatically.
Even in California, where we read a story that rates would drop, they are actually slated to go up 64% to 144%, click here for Forbes story. Key line "One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own."
We would also like to call your attention to a concert being held June 26th at Union Station( Worcester) to benefit the Center of Hope in Southbridge. Tickets $25 available on line at this link. We have bought ten tickets, three of which we will be using. The other 7 we would like to give away, The Center of Hope is a great organization and we think you will really like Justin Hines. E-mail us, if you would like a ticket, first seven get them FREE.
 | | Justin Hines Say What You Will |
Need a review, or want to check to see if your benefits are competitive to others in your field? Want to offer supplemental benefits at employees expense? Please do not hesitate to call us with any questions. We are always available - call or send an email to Bill or Vanessa today.
Bill Randell CLU,CHFC,
Vanessa Costa CLU,CHFC,
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Walmart - Not just RX for Employees!
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We continuously tell our clients about the benefits of Generic Drug Opportunities like Walmart, Target , etc. At Walmart, the list of generic drugs continues to expand. A 30 day prescription costs $4, while a 90 day mail order will only cost $10. Admittedly they do not have every single prescription, but their list gets longer every day.
Now check out their list of pet meds.
 | | Charra Save |
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Domestic Partner
Employers have the discretion to include the Domestic Partner Rider to the group medical policy. There is no charge for this. Although there may be no additional cost from the carrier, the employer may have additional costs when a single employee adds his or her domestic partner and now becomes a family plan.
In addition, the employee needs to provide additional documentation to support the request. Check out the Blue Cross questionnaire here. All the other carriers have a similar form that must be completed in order to add domestic partner. Keep in mind this can not be added selectively. If you decide to add domestic partner as a rider to your plan, all employees are eligible.
Lastly, due to Massachusetts Healthcare Reform, the maximum number of hours for eligibility for health insurance is 35 hours and the employer contribution needs to be the same for all employees. The only option to have a different employer contribution level for different employees is if you base the employer contribution on years of service - similar to the vesting schedule you may use on a 401k Plan.
 | | Don Cherry watching Orr |
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| Group Life and Short-term Disability Insurance - Actual Case | |
We recently had a group of ten employees where a key employee became very sick. Workers Compensation provided no benefits, since it was not work related. The only way the employee could receive a paycheck would be through a short-term disability plan. The Key employee was out of work four months and received no compensation, other then accumulated sick days. Pricing for group short term disability is very reasonable. Check out the quote for a "starter plan":
Full-time employees
25,000 of life insurance
300 per week of disability insurance
1st day accident
8th day sickness
26 weeks of benefit
Part-time employees (at least 20 hours)
10,000 of life insurance
200 per week of disability insurance
1st day accident
8th day sickness
26 weeks of benefit
Total Monthly Premium is only $180. The employer wanted employees to pay something to value the benefit, so it cost them $2 per week. The cost to the company will be approximately $95 per month.
Under $100 per month!! After health insurance, we see this as the next benefit that you should offer to your employees. If you would like to run us a quote, let us know.
Pacioretty was covered by Workers Compensation.
 | | Chara on Pacioretty |
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