With Medicare open enrollment here, now is the time participants can change plans or people who are newly eligible for Medicare can enroll. There are several important considerations for anyone planning to make a change this fall.
Open enrollment lasts from October 15 through December 7. These dates are the same every year. When a person enrolls in a plan or makes a change, the new plan is effective ... more
In the wake of the U.S. Supreme Court legalizing same-sex marriage, employers across the country have been left to determine how the landmark decision will affect their benefit offerings to employees in same-sex relationships. It is anticipated that domestic-partner benefits will decline over the next year as employers complete their annual evaluation of their offerings this year. According to Aon Hewitt, currently an es... more
The Affordable Care Act (ACA) imposes a large number of mandates on employers. But according to the terms of the law, most health plans that were purchased prior to March 23, 2010 are exempt from some of these provisions. They don't have to offer the same selection of benefits or protections as do newly-offered plans. Indeed, they are exempt from these 13 additional requirements and mandates under the ACA: Annual report... more
Annuities are one of the basic tools of income planning and security. An annuity is an insurance product. It's not an investment per se, in that you don't have an individual account with your name on it consisting of assets that are your very own. Instead, an annuity is simply a contract with an insurance company guaranteeing you income, either now or beginning at some point in the future, in exchange for a premium you p... more
Imagine it's a typical July day somewhere in the southern U.S. You own a 30,000 square foot office building that is 85 percent occupied. And the air conditioning and ventilation systems stop working. The outside temperature is in the 90's and the humidity is high. It doesn't take long before the tenants start to complain. The contractor you summon determines an electrical arc fried the circuit board that controls the sys... more
Winter storage, dock fees and general maintenance are just a few examples of expenses associated with boat ownership. While most people do not think about these costs before buying a boat, they quickly learn after making a purchase that they are necessary. One of the most important costs associated with boat ownership that should not be trimmed or skipped is insurance. Since a boat is a big investment, it is important to ... more
Life insurance is one of the most important aspects of personal financial planning. For many families - especially those with children - it is the most important part of an individual financial plan, together with disability income insurance. There is nothing else that can reliably step into a family breadwinners' shoes in the event of his or her death and replace that vital economic contribution he or she makes to the ho... more
As life circumstances change, it is important to review insurance coverage. Doeren Mayhew Insurance Group highlights things every policyholder should consider when doing this.
Married drivers typically qualify for auto insurance discounts. If couples have two cars, it is usually best to insure them on the same policy. Life insurance is also an important topic after marriage. Both working and non-working s... more
In the wake of the Affordable Care Act, a network of privately-formed online insurance marketplaces have evolved as an alternative to the so-called "Obamacare" exchanges for smaller employers, or for larger employers, as a way to help them provide health coverage to employees. Over the past few years, these exchanges - set up by carriers, brokers or technology companies - have become increasingly popular among employers.
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