Bernardini & Donovan Insurance Services

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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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Health Insurance Plans vs. Health Savings Accounts

You may have heard about a health savings account and how it can occasionally be used in lieu of a traditional health insurance plan. While this is technically true, there are a few reasons why a traditional health insurance plan is preferable. A health savings account is a tax-advantaged bank account that remains in your possession and can be used for health care expenses. It’s very similar to an educational savings account or a tax-advantaged retirement account. The Benefits of a Health Savings Account Some individuals prefer a health savings account because it leaves them in charge of their own money; they still are in possession of their money rather than an insurance provider. A health savings account does not entirely preclude the use of an insurance plan; a high-deductible insurance plan is usually still included. Health savings accounts may be beneficial to those who are healthy and who remain

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Attracting Talented Employees through Better Healthcare Perks

Modern employees are extremely savvy about the bonuses that come with a job. Gone are the days when salary used to be the major competing factor in attracting new talent —  now everything is about healthcare, child care, continued education, retirement accounts and other related perks. This is a great thing for both employees and employers. For employees, they can acquire more value than they could in a straight cash salary. For employers, companies can take advantage of a variety of tax incentives and breaks to provide these bonuses and to remain competitive. Vision, Dental and Prescription Services Though they may be optional, offering vision, dental and prescription services isn’t expensive and will go a long way towards showing employees that your business is concerned with their health. There’s also another benefit — providing vision, dental and prescription service makes it less likely that employees will go without care, damaging

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What The ACA Reforms Mean For Children

Health Insurance for Children With the recent twists and turns of the Affordable Care Act, there have been many changes to health insurance. While most people talk about how this will affect the health insurance needs of adults, not many people think about how it can help children. The Affordable Care Act has made it easier than ever for children to be covered with the right health insurance policy. In order to sign up for health insurance, adults have to wait for an open enrollment period or have a qualifying life event. However, children are able to get covered with the right health insurance plan at any point in the year through Medicaid and the Children’s Health Insurance Program, also known as CHIP. Both federal and state programs offer low cost or free health care to children, which help to bring the number of uninsured children to record lows. Many private health insurance

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