Are Fiduciary Warranties worthless?

Ary Rosenbaum published an article recently titled “The Complete and Total Worthlessness of the 401k Fiduciary Warranty.”  He makes a great case that not only is your “fiduciary warranty” worthless, it is actually dangerous as it lulls Plan Sponsors into a false sense of security. He reminds you that the fine print matters, and that you don’t always have the …

ACA covers tobacco cessation programs

Alot of people don’t realize that Smoking Cessation programs are required under PPACA.  Here are some details from Blue Cross Blue Shield of SC. Each company is slightly different but it gives you and idea of how it works. Who it Covers: The Affordable Care Act (ACA) mandates coverage of tobacco cessation products for members participating in non-grandfathered plans purchased …

How does the ACA apply to LTD and STD recipients?

From Employee Benefits Advisor Magazine: In order to avoid potential pay or play penalties, do employers need to make an offer of health plan coverage to individuals receiving payments from a short-term disability or long-term disability arrangement? All large employers must offer health plan coverage to their full-time employees or potentially be subject to pay or play penalties. Under the …

Why your broker won’t help you get coverage…

From insurance Business America, 2/11/16:   The bad news for health insurance agents continues. Earlier this week, three of the largest insurance companies in the country announced they would not be paying broker commissions for consumers that sign up for plans after the open enrollment season deadline. Anthem, Aetna and Cigna announced the ban on broker commissions independently, hoping the …

Obamacare Pummels Blue Cross Blue Shield Of NC–What Can We Learn From This?

Forbes posted an article on January 30, 2016 with this title.  Very scary stuff- ” According to this morning’s News and Observer, “The dramatic deterioration in Blue Cross’ ACA business is causing increasing alarm among agents and public health officials.”  In response to its bleak experience with the Obamacare exchange, the company has decided to eliminate sales commissions for agents, …

CIGNA banned from Medicare Sales

Cigna was temporarily banned from marketing its Medicare products to new customers, after the U.S. found deficiencies in how the health insurer ran its plans, citing widespread violations that the government said threatened patients’ health.  This means that existing customers can keep their policies but no new customers can be brought on board. I appears this relates more to the …