The value of an agent is apparent when you need answers to questions concerning large group health insurance plans and policies. A reputable agent doesn’t just sell you a policy. They explain it in the finest detail so you understand exactly what you are getting for your money. Your agent is the one you contact when you have to file a claim or if you need to update your policy. When the insurance company has questions concerning an accident or health claim, your agent is the one who acts on your behalf to make sure all of your insurance needs are meant.
Large group health insurance policies are designed to provide the best possible coverage for individuals who are part of a specific group. Because several people are subscribing as a unit, the cost of coverage can be dramatically reduced. If you have any questions concerning insurance coverage for large a large group of individuals contact Bernardini & Donovan Insurance Services. They can answer your questions and help you get the coverage you need.
When it comes to the Affordable Care Act changes are coming not only for those on individual plans but group plans as well. New projections are showing that up to 80 million Americans that previously had group health insurance plans provided by their employers may be without coverage as of January 1, 2014.
The ACA is requiring many changes to the minimum levels of coverage that must be offered as part of a health insurance plan. This means a more comprehensive plan for employees and family members that are covered by each plan. Unfortunately, many small businesses may be unable to provide the new minimum levels of benefits because the cost may be too great.
Individuals and families that become affected by the loss of group benefits must then find coverage through the health insurance marketplace. Many individuals that are navigating through the ACA enrollment period have recently learned the value of an agent to assist in the process. An agent can help break the different policies down and also help ensure you have the proper coverage for you and your loved ones.
For more information on the Affordable Care Act or to contact a certified Covered California agent, visit Bernardini & Donovan Insurance Services online today.
In July of 2013, the Obama Administration announced that it was delaying the large group reforms of its insurance mandate until 2015. That was a significant issue for companies that knew they would have to provide coverage for a significant number of employees. The smaller groups and individuals who are required to purchase insurance will still need to have that in place by January 1st of 2014, however, as the change does not apply to them.
For companies to fall under the mandate extension, they need to have 50 or more full-time employees. However, that’s not as simple as it sounds. These employees are what’s considered to be “full time equivalent” workers. If they have worked an average of 30 hours or more per week in a given month, they fall under that designation. Companies need to keep careful track of their workers’ hours in order to determine whether they fall under the mandate or not. With the large group reforms delayed, many companies that would otherwise have to spend a lot of money for insurance very soon will be able to wait a bit longer.
For more information on large group health insurance in the Redlands, CA area, contact Bernardini & Donovan Insurance Services today.