From fires to floods, earthquakes to hurricanes, disaster can strike anytime, anywhere, and often with little to no advance warning. According to the Insurance Information Institute, as many as 40 percent of businesses forced to suspend operations due to a natural or human-caused disaster never reopen their doors. Try to imagine the challenges and struggles […]
Archive | Insurance
New SHOP Exchange Tools for Employers
By admin on May 6, 2014 in Affordable Care Act, Employee Benefits, Group Health Insurance, Health Care Reform, Insurance
On April 23, 2014, the Department of Health and Human Services (HHS) released two new tools for small employers purchasing coverage through a Small Business Health Options Program (SHOP) Exchange. The SHOP Tax Credit Estimator can help determine the potential amount of any Small Business Health Care Tax Credit an employer may be eligible for. […]
Obtaining Group Health Insurance Plans
Making decisions about health insurance probably isn’t at the top of your list of favorite things to do. However, health insurance is an important part of your finances and medical care, so you want to make an educated choice about which plan to enroll in. If you are offered group health insurance through your employer, […]
Health Care Reform FAQ: Getting Lower Costs on Coverage
How much will Marketplace health insurance cost? Prices of Marketplace plans have not been set yet. Prices will be available Oct. 1, 2013, when open enrollment starts and you can begin shopping. How will Marketplace health plans be priced? All insurance plans available through the Marketplace will be offered by private insurance companies. The insurance […]
Purpose Employer Solutions Pay or Play Calculator
Purpose Employer Solutions is pleased to announce the addition of the Health Care Reform Pay or Play Calculator to its library of resources. As you may know, beginning in 2014, employers with 50 or more full-time equivalent employees may be subject to a penalty tax if they do not offer health care coverage to all […]
Health Care Reform: What Does it Mean for You?
How health care reform legislation affects you varies greatly depending on your age, who you work for and many other factors. So what does it mean for you? Below is a list of how health care reform affects a number of common categories. Elderly The elderly now receive free preventive services under Medicare, annual wellness […]
Defining Insurance
There are also several add-ons available to beef up your automobile coverage and ensure that your business vehicles are properly covered: Rental Reimbursement coverage pays for a rental car if your vehicle is lost or stolen. Towing and Labor coverage pays for fees as a result of breakdowns. Gap coverage for new vehicles pays the […]
Defining Insurance
Uninsured/Underinsured Motorists Coverage Uninsured Motorist (UM) coverage pays for medical bills if you are hit by a driver who does not have automobile insurance or if you are involved in a hit and run accident. This coverage is required in many states. Underinsured Motorist (UIM) coverage takes effect when you are hit by a driver […]
Defining Insurance
Personal Injury Protection and No-Fault Coverage Personal Injury Protection (PIP) coverage pays for medical expenses and lost wages for the driver and his/her passengers who are injured in an accident. PIP also covers funeral expenses, and is required in 16 states. No-fault coverage pays for losses, regardless of who was at-fault in the accident.
Defining Insurance
Medical Payments Medical Payments (MedPay) coverage compensates for medical expenses for the driver and his/her passengers as a result of an accident, regardless of who was at fault.