Delphi Group

October/November 2009

admin — Wed, 11 May 2011 19:17:39 +0000

Articles include:
The High Price of Drug Cards and Discount Prescriptions

Long Term Care Insurance

admin — Wed, 01 Sep 2010 04:00:33 +0000

Your Paid Premiums Recovered

While many people do not want to think about long term care, as we age, if we become ill,or if we are in an accident, long term care insurance can help to carry you through unforeseen circumstances.

When you reach your late 40′s, it is time to take a close look at Long Term Care insurance (LTCi) options.

When you need assistance with the activities of daily living, LTCi helps pay for qualified people to assist you with your eating, dressing, grooming and transportation needs. An early purchase of LTCi locks in policy benefits and premiums. The premiums of many years are recovered with a short period of care. Don’t forget that NY State pays a tax credit of 20% of the annual premium.

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Maximizing Your Medical Plan

admin — Wed, 01 Sep 2010 04:00:28 +0000

Fit Your Plan to Match Current Needs.

Before your company medical insurance plan is up for renewal, it’s a great time to review and revise plan benefits to reflect your current medical insurance needs.

By strengthening the plan provisions that you most commonly use and eliminating or lowering those provisions you rarely use, you can receive more personal benefit from your plan. If situations or medical health change, you can move to another plan within a month. You do not need to worry about your health or medical history when you consider such a change.

As an employer, you are required to give employees 60 days notice of material changes in coverage offered by your company. There is a $1,000.00 penalty for each failure to notify.

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Insuring Your Adult Children

admin — Thu, 01 Apr 2010 04:00:58 +0000

Health Insurance Options

Upon your medical plan renewal on or after September.2009,a business can add a provision to to their medical benefits policy that will extend benefits to a child up to age 29.

The benefit can be added as a rider that will cover the children of all employees. As an alternative, a child can pay the full single premium and no rider needs to be added. The child does not have to live at home, nor be dependent upon the parent. Contact us for further information concerning your specific needs.

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Employer Tax Credits

admin — Thu, 01 Apr 2010 04:00:31 +0000

2010 Tax Reform

As you now know, President Obama has signed the health reform bill. Some of the changes will affect the small business person in 2010.

Your business is eligible for the new health coverage tax credits if the average wage of your employees is less than $50,000 a year, and you contribute at least 50 percent to the premium. These tax credits – worth up to 35% of the employer’s premium contribution – begin in 2010. We’ll keep you updated.

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