Bernardini & Donovan Insurance Services

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The Medicare Annual Enrollment Period: What You Need to Know

The Medicare Annual Enrollment Period officially begins on October 15th, 2015 and ends on December 7th. Because healthcare is such an important part of our lives, it’s easy for people to feel overwhelmed when thrust into the middle of such a complicated topic. By understanding a little more about the enrollment period, you can do your part to make sure that you’re ready when October 15th comes around.The Specifics of Medicare EnrollmentExactly what you have to do on October 15th will vary depending on a number of factors. If you turn 65 before October 15 and are receiving Social Security, for example, you are automatically enrolled in Medicare Part A, but must elect part B, as there is a premium associated with Part B enrollment. If you have turned 65 but are still working, you might want to consider your coverage options.  You can remain on your employer plan, or,

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What Affects Individual Insurance Prices

When picking individual insurance plans, one of the first things that you’ll notice is that the price will often vary wildly depending on exactly what type of plan you’re talking about. Many people also don’t realize that price fluctuations are common for the same plan when two very different people are involved. Person A might pay $100 a month, while Person B might get quoted $200 a month for the same plan. Understanding what affects individual insurance prices is one of the keys to making the right decision moving forward.   Risk Factors One of the major things that can affect individual insurance prices involves certain risk factors with your body, your lifestyle or both. Individuals with a high Body Mass Index, for example, are much more likely to develop diseases like heart conditions, diabetes and more. Likewise, smokers are much more likely to develop cancer than someone who has

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What is Disability Insurance?

Nobody ever plans on developing a debilitating disease that would then make them unable to perform their job and earn a living. Generally speaking, people don’t want to think about what would happen if they were injured while at work, developed a mental illness or fell prey to some other issue that otherwise incapacitated them – they’d generally prefer to just hope that these things won’t happen at all. Statistically speaking, however, these types of issues are quite common: according to the National Treasury Employees Union in 2009, one disabling accident occurs in this country every second. This is one of the many reasons why disability insurance is so important.What is Disability Insurance?   As its name suggests, disability insurance is designed to help make sure that both you and your family members are well taken care of financially in the event that you somehow become unable to work for

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Life Insurance: What You Need to Know to Make Sure That Your Family Is Taken Care Of

At their core, insurance of all types are designed to protect you, your business, your employees or your loved ones (or all of the above) from harm in the event that something unfortunate should happen. Just as healthcare plans are designed to protect your employees in the event of an unforeseen illness or injury, life insurance operates on largely the same principle. If you’re trying to make sure that your family will be properly taken care of in the unfortunate event of your passing, there are a few very important things that you need to know about life insurance.   What is Life Insurance?   In essence, life insurance is designed to make sure that the loved ones that you leave behind are taken care of from a financial perspective in the unfortunate event of your passing. After losing a loved one, everything from funeral expenses to mortgage payments to

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The Different Types of Business Insurance That Are Available

  If you’re a small business owner, one of the most important considerations that you have to make will deal with the type of insurance that you offer to your employees. Not only will there be situations where you cannot or should not offer coverage, but it’s also important to keep in mind that you cannot reimburse for individual health plans. There are a number of different types of business insurance that are available for you to choose from depending on your needs. Business Health Insurance Don’t: The “One Size Fits All” Plan   No two employees are created equally – this is never more true than it is when you begin to take their health into consideration. Each employee (and their respective family members) will have their own unique considerations, which is why it is important to NOT opt for a “one size fits all” plan from your provider.

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Business Health, Employee Health — Putting the Two Together

When the first of next year (2016) rolls around, your business could be in hot water if you don’t offer health coverage to your employees. If you have 49 or fewer workers, you’re in the clear, but for all of you with 50 or more workers, health coverage will be mandated, and if you fail to provide it, you’ll have to pay a penalty. As expected, the growing demand for specialty drugs and specialty pharmacies are making health care rates rise on a yearly basis, and in 2016, there could be double digit increases in premiums. Still yet, though, with 50 or more employees, you must offer them coverage.  Here’s a close look at the top reasons you need to provide your workers with health insurance. It’s the Law As stated above, in 2016, it will be required by law that you offer health coverage to all full-time employees. For

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