Category Archives: Health Care Reform

Medicare- United American Rx plans now part of Silverscript


Members who receive Medicare Part D benefits through United American (PDP) will see no benefit changes in 2016. All benefits, formulary and the pharmacy network will remain consistent in 2016, yet will be administered and sponsored by SilverScript© Insurance Company.

As a proud member of the CVS Health family of companies, SilverScript (PDP) shares that commitment by offering affordable, high quality coverage to people with Medicare. Unlike other Medicare insurers, Part D prescription drug coverage is our only business and has been since the Part D program began. We have the experience, expertise and focus to deliver high quality, affordable coverage that millions1 of Americans from all walks of life count on everyday for peace of mind.

From Employee Benefit Advisor:

“The U.S. Department of Labor acted on President Obama’s Executive Order 13706 (EO) and released a final rule implementing the requirements for federal contractors and subcontractors to provide employees with paid sick leave. Specifically, contractors must provide one hour of paid sick leave for every 30 hours worked on or in connection with a covered contract, for at least 56 hours per year, and subject to certain limitations. The requirements will take effect for covered contracts entered into on or after January 1, 2017.

An employee may use the leave for his or her own physical or mental illness, injury, medical condition, treatment or diagnosis as well as that of any person with whom the employee has a significant personal bond that is or is like a family relationship, regardless of biological or legal relationship. This includes such relationships as grandparent and grandchild, brother- and sister-in-law, fiancé and fiancée, cousin, aunt, and uncle. It could also include others with whom the employee has a family-like relationship such as a foster child or foster parent, a friend of a family, or even an elderly neighbor in certain circumstances.”

 

FOR THE FULL ARTICLE INCLUDING THE TYPES ON CONTRACTS AFFECTED, click here

Numerous organizations and States Sue Fed over Overtime Law

Overtime Extra Added Bonus Work Clocks Flying 3d Illustration

The Independent Insurance Agents & Brokers of America, Inc., alongside the U.S. Chamber of Commerce and more than 50 different business groups, filed a suit on Tuesday against the White House’s efforts to expand overtime pay to workers across the country.

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Results of my client survey scary…

Recently we surveyed our clients in several states on three basic questions, just to get a read on the marketplace this fall.  The results are very concerning, and it looks like things are going to get worse before (and if) they ever get better.

 

  1.  SKINNY NETWORK- is the in ability to access certain hospitals going to present an issue for you next year – of those responding 2/3 said it would be a problem.
  2.  CHANGING PROVIDERS- 25% of our clients report they have had to change hospitals and/or doctors this year.
  3.  FINANCIAL IMPACT- 20% report they cannot afford the premium they are paying, 37% report they cannot afford to meet their deductible, and 25% have had to cut other expenses to be able to afford their medical care.

The Collapse Of ObamaCare

Obamacare

On November 7, 1940, Gallopin’ Gertie collapsed.  If you are not familiar with the story, there is a great video clip of the failure in Tacoma, Washington.  The bridge was only open for 130 days.  “From the time the deck was built, it began to move vertically in windy conditions.  Despite numerous warnings,  officials decided to open the bridge anyway.  In a 40 mph wind storm the bridge collapsed after a dramatic period of enormous up and down movement (seriously, if you have not seen the video, its worth the watch).

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Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambridge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
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