Agent Value Newsletter - Transition Coverage, Proposed 2017 Rate Increases, Out-Of-Pocket Maximums...
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When you lose employer coverage, you will typically have 4 choices...

Q: I am losing health insurance from my employer? Should I take COBRA or buy my own?

A: Great question that comes up in several situations: *Changing jobs; *Leaving a job to start a new business; *No longer eligible for the employer’s health insurance because work hours have been reduced; *Lose your job for any reason; *Employer decides to discontinue offering group health insurance; or *Employer goes out of business.

When a person loses health insurance from an employer, the coverage will usually continue through the end of the month.  In most situations, if the business has 20 or more employees, the employer must offer COBRA to the employee and any family members that were participating in the employer’s plan.  COBRA is an acronym for the legislation that created the law in 1986.  The employer is required to offer continued participation in the group health plan for up to 18 months; in some circumstances 36 months.  Dental and vision insurance may also be included.  The employee must pay the full premium plus a small administration fee...

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2016 ACA Changes

ACA Delay Extensions...

Here is the latest in the ACA changes for 2016. 

  •          Eliminated automatic enrollment provisions
  •          Delay of the "Cadillac" tax
  •          Extension of information reporting deadlines

Click on the button below for more information on these updates. 

.PDF Link
Carrier NEWS
Individual News

Projected rate increases for 2017 are staggering with some states expecting 40% or more. This may result in small group rates being lower than individual rates. Stay tuned for more. 

The 2017 Out-Of-Pocket maximums for 2017 will be $7,150 for an individual and $14,300 for a family. The numbers for 2016 are $6,850 for individual and $13,700 for a family. 

A new generic drug became available this month called, rosuvastatin calcium. It is available as an alternative for the brand name drug Crestor.

Group News

Carriers are working on group plans for 2017. 
Callie Wiltse
Broker Relations Coordinator

For commissions, billings, quoting, or client questions contact Callie.
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