Bernardini & Donovan Insurance Services

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Covered California: Annual Enrollment Dates

As you may already know, the initial open enrollment period ended for Covered California on March 15, 2014. However, if you missed those dates you will have another opportunity to enroll. Each year, Covered California’s annual open enrollment period will begin on October 15th until December 7th. Those who enroll during that period will receive health insurance coverage beginning on the first of the new year. As previously mentioned, when enrollment selection is received in between October 15th and December 7th, your health care coverage will begin on January 1st of the upcoming year. When you enroll during the first half of any month, the 1st until the 15th, your health insurance coverage will begin on the first day of the following month. If you enroll during the second half of any given month, 16th through the 31st, your health insurance coverage will begin on the first day of the second following month. There is

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COBRA Participants Special-Enrollment Period

Recent health care reform has experienced a few bumps in the road during its establishment but Covered California is finally in full swing. Until July 15th, Covered California will be offering a limited-time, special-enrollment period for those currently enrolled with COBRA medical insurance. The Patient Protection and Affordable Care Act (ACA) created Covered California, which is designed to guide California individuals and families towards the path of affordable health insurance coverage. After the establishment of the Patient Protection and Affordable Care Act, over 1.4 million California residents have begun receiving health coverage through Covered California. There are a variety of insurance coverage options under Covered California that you must choose from. If you are trying to decide whether or not to continue with your COBRA or obtain a Covered California plan, it is best to consider your options. As a qualified individual for premium tax credits, the Covered California route

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Disability Insurance: Own Occupation vs Any Occupation

Disability income contracts are intended to protect you from income loss when you are sick or injured. The most important factor of the contract is how disability is defined. Long-term disability is intended to protect those who are totally disabled from performing their duties. Many contracts not only provide benefits while the claimant is disabled from working, but also require an earnings loss from the disability. Many assume that long-term disability is too expensive, however, employer sponsored long-term disability is generally very inexpensive compared to a personal long-term disability contract. Own Occupation This term refers to when a claimant, whether they are in a group or individual disability contract, is disabled because they are unable to perform the material and substantial duties of their occupation. This definition is still met when the claimant is totally disabled and not working at all. Typically, group policies have a limited term policy, a

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Find the Long Term Disability Insurance You Need With These Simple Tips

When disaster strikes in the form of an illness or injury, it can often render you disabled and unable to work. This may last a few weeks, a few months, a few years or the rest of your life. Long-term disability insurance is a special type of insurance coverage that can ensure you stay financially secure during such a time. However, purchasing long term disability insurance should be considered as an investment. Therefore, you need to be careful when buying. Here are a few tips to make the search and purchase process smooth: Don’t Rely Solely on Government Assistance Social Security benefits are often available to those who become disabled due to an injury or illness. However, it can often take months to be approved, if you are approved at all. Therefore, long-term disability insurance is a necessary back-up plan to replace the income that you had from your job.

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Is Disability Insurance Something I Really Need?

You likely have insurance coverage for your house, your automobile and your personal belongings. However, have you ever thought about insuring yourself? We’re not talking about life insurance. We’re talking about disability insurance, which would provide assistance if you were to lose your ability to work and bring in a paycheck. Did you know that 25% of 20-year-old individuals today will become disabled in one way or another before they are 67 years of age? Further, the average disability payment for Americans as of March 2014 was just over $1,130 a month. That’s hardly enough to pay the bills. More often than not, just missing a day of work can put a family in a real bind financially, so what would happen if you couldn’t work for several months? This is why it might make sense to consider disability insurance. Disability insurance comes in many shapes and forms, as explained below.

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Understanding Your Disability Insurance Options

The majority of people in the workforce never even consider the fact that they may become temporarily or permanently disabled. As a matter of fact, it should be something that people give some thought to. People think about life insurance and how their family will survive financially if they were to die unexpectedly. People are diagnosed with illnesses and are injured every day; if you read a newspaper or turn on the TV you already know this. So, maybe it is time to think about what would happen to you and your family, if you were injured or became ill. According to the Council for Disability Awareness (CDA), the majority of the workforce has to depend on using their vacation and sick time they have accrued. Eventually, and in some cases quickly, you will be out of paid time off. What are you going to do when the money runs

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