Let Marsh Find You the Right Long-Term Care Insurance You create a brighter future. We work to protect it. Let us help find the right Long-Term Care insurance plan for you, so you can spend time on things that matter the most. People are living longer these days, but as life expectancies increase, so does the risk of serious health problems that could require long-term care. In fact, at retirement age, 70% of Americans will need long-term care and 40% will enter a nursing home.1 And with the average cost for nursing home care in a semiprivate room equating to more than $82,855 per year, that could literally cost most or all of your life’s savings.2 Long-Term Care insurance may not be for everyone. But with soaring healthcare costs, insurance restrictions and the need to stretch retirement savings through more years... it’s a good idea to seriously consider this valuable coverage while receiving a member premium discount. San Bernardino County Medical Society, Marsh/Seabury & Smith Insurance Program Management and Long-Term Care Resources work together to provide members with a comprehensive long term care program that gives physicians the stability and flexibility they need to protect their future. Members also have access to an interactive and educational Long-Term Care evaluation tool to help them make the best decisions for their specific situation. To learn more about how members can help protect their assets from the rising cost of long-term care, call 800-616-8759, or visit www.myltcplan.com/SBCMS. 1Department of Health and Human Services, National Clearinghouse for Long-Term Care Information, October 2008, www.longtermcare.gov. 2Genworth 2010 Cost of Care Survey, April 2010, www.genworth.com/content/genworth/us/en/products/long_term_care/long_term_care/cost_of_care.html. The Long-Term Care Resources Network is only available for residents of the United States. Coverage may vary or may not be available in all states. 62614 (8/13) ©Seabury & Smith, Inc. 2013 • 777 South Figueroa Street, Los Angeles, CA 90017 800-842-3761 • CMACounty.Insurance@marsh.com • www.CountyCMAMemberInsurance.com d/b/a in CA Seabury & Smith Insurance Program Management • CA Ins. Lic. #0633005 • AR Ins. Lic. #245544 August 9, 2013 General Long-Term Care Insurance, Marsh 0 0 Comment Read More »
Concierge services added with Marsh's tem life insurance Want more than $1,000,000? Travel assistance** and funeral planning and concierge services*** included at no additional charge to you When San Bernardino County Medical Society/CMA members apply for up to $1,000,000 of 10 or 20-year Term Life insurance coverage underwritten by ReliaStar Life Insurance Company, a member of the ING family of companies, they get a few things non-members don’t. Access to special member only rates Premium savings since rates remain level for the first 10 or 20 years of coverage* Each plan also includes a travel assistance service for medical emergencies when you are traveling away from home ** and a funeral planning and concierge service*** at no additional charge to you. You may also insure your spouse or domestic partner, and your eligible employees for up to $1,000,000. Call Marsh/Seabury & Smith Insurance Program Management for more information at 800-842-3761, email CMACounty.Insurance@marsh.com or visit www.CountyCMAMemberInsurance.com to download a brochure and application. *The initial premium will not change for the first 10 or 20 years unless the insurance company exercises its right to change premium rates for all insureds covered under the policy with 60 days advance written notice. Underwritten by ReliaStar Life Insurance Company. Home Office: Mpls, MN Policy form LP08GP. **ING Travel Assistance Services provided by Europ Assistance USA, Bethesda, MD 20814. This product is not available in all states. ***Funeral Planning and Concierge Services provided by Everest Funeral Package, LLC, Houston, TX 77056. This product is not available in all states. d/b/a in CA Seabury & Smith Insurance Program Management • CA Ins. Lic. #0633005 • AR Ins. Lic. #245544 62613 (6/13) ©Seabury & Smith, Inc. 2013 • 777 South Figueroa Street, Los Angeles, CA 90017 • 800-842-3761 • CMACounty.Insurance@marsh.com • www.CountyCMAMemberInsurance.com June 3, 2013 General Marsh, Concierge services, Term Life Insurange 0 0 Comment Read More »
Health Care Reform 2014 Health Care Reform*: 2014 Marks a New Era Health care reform is in full-swing with the heftiest legislation set for 2014 — when health insurance will become available to millions of Americans who were previously uninsured. Starting January 1, 2014, most Americans will be required to have health insurance and many businesses will be required to offer coverage to their employees. In addition, health insurance exchanges (Covered California) will be available to facilitate access to coverage. Starting in 2014, Americans must have minimum essential coverage or pay a tax penalty. Options for coverage include insurance purchased through the individual market, a public exchange, a government program or an employer-sponsored program. Minimum essential coverage includes ambulatory services, emergency services, hospitalization, maternity and newborn care, mental health/substance abuse treatments, prescription drugs, rehabilitative services, laboratory services, preventive/wellness services and pediatric services. Changes Coming in 2014 Individual Mandate — Everyone (with few exceptions) will be required to have health insurance or pay a penalty. Penalties start at $95 per individual, $285 per family, or 1% of income (whichever is greater), and increase in subsequent years Employer Mandate — Employers with 50 or more full-time equivalent employees must offer minimum essential coverage that is affordable (where employee only contributions do not exceed 9.5% of household income) for at least 95% of its full-time employees or pay a penalty (i.e. play or pay) if one full-time employee goes to an Exchange and receives a premium tax credit. If coverage is not offered, penalty is $2,000 multiplied by the number of full-time employees (minus the first 30 employees). If coverage is offered but not affordable or does not cover at least 60% of essential benefits, the employer will be assessed $3,000 for each employee receiving a tax credit or $2,000 per full-time employee (the lesser will apply) (excluding the first 30 employees). All states must have a health insurance exchange available for individuals and small business owners to view, compare, and purchase health plans offering minimum essential coverage. Subsidies — Through the exchange, individuals may qualify for a subsidy in the form of a tax credit if household income is between 100-400% of the federal poverty level. Guaranteed issue — Health insurers must sell coverage to everyone, regardless of pre-existing conditions, and can't charge more based on health or gender. No annual or lifetime limits — Individual and group health plans may not impose annual or lifetime limits. Free preventive care — Plans offering minimum essential coverage must provide several preventive services and screenings at no charge. Options for Employers with Less Than 50 Employees Purchase coverage via the SHOP exchange (Small Business Health Option Program) or traditional market. Stop offering coverage and let employees buy an individual plan from the exchange Provide a defined contribution to assist employees with purchasing coverage. Apply for tax credits to help cover the cost of premiums if the employer: Employs 25 or fewer employees. Pays annual wages averaging less than $50,000 per full-time equivalent employee. Provides at least 50% of the cost of health care coverage for their employees. Impact on Individuals and Employers Individuals, their families, and their employees will have access to health insurance on a broad basis. Employers must assess their options carefully to determine the pros and cons of continuing to provide coverage or allowing employees to access the exchanges. Although long-term implications are unknown, a number of experts agree reform regulations (i.e., guaranteed issue and mandated level of benefits) may result in increased premiums that will ultimately be passed to employees. Learn More Stay tuned for more health care reform communications, including information on Marsh/Seabury & Smith Insurance Program Management's private health care exchange for members. In the meantime, please call Marsh at 800-842-3761 for more information. *Marsh and the Association/Society do not provide tax or legal advice. Please consult with your own advisors to determine how the law’s changes and your decisions impact your personal situation. 1-332 (5/13) ©Seabury & Smith, Inc. • 777 South Figueroa Street, Los Angeles, CA 90017 • 800-842-3761 CMACounty.Insurance@marsh.com • www.CountyCMAMemberInsurance.com d/b/a in CA Seabury & Smith Insurance Program Management • CA Ins. Lic. #0633005 • AR Ins. Lic. #245544 May 20, 2013 General Health insurance, Health Care Reform, Marsh 0 0 Comment Read More »
Save on your workers' compensation program See What You Could be Saving! “When I found out how much money I could save ($1,650) on the sponsored workers’ compensation program, I joined CMA. The savings paid for my membership and then some. Now I have access to everything CMA offers” – Nicholas Thanos, M.D. CMA Member Did you know that CMA/Society members can save 5% on their workers’ compensation insurance? And, they may save up to 15%, depending upon where they place their group medical insurance. It’s true. CMA/SBCMS members receive a discount on workers’ compensation insurance policies provided through Employers Compensation Insurance Company. This discount is available exclusively through Marsh/Seabury & Smith Insurance Program Management, the CMA/SBCMS sponsored broker and administrator. EMPLOYERS provides you with loss control tools, such as Loss Control ConnectionSM, an easy-to-use, online risk management database. This tool provides policyholders with unlimited access to a comprehensive library of loss prevention tools, OSHA log software, safety posters and other valuable resources—at no charge. Should you have a claim, experienced professionals at EMPLOYERS work to deliver prompt, efficient, knowledgeable service to resolve claims quickly and fairly while helping employees get back to work. With workers’ compensation premiums increasing this year, take a moment to contact a Marsh Client Advisor and let us show you how we can deliver a quality insurance program and exceptional savings to you. Call a Marsh Client Advisor at 800-842-3761 or email CMACounty.Insurance@marsh.com today! d/b/a in CA Seabury & Smith Insurance Program Management • CA Ins. Lic. #0633005 • AR Ins. Lic. #245544 62704 (5/13) ©Seabury & Smith, Inc. 2013 • 777 South Figueroa Street, Los Angeles, CA 90017 • 800-842-3761 • CMACounty.Insurance@marsh.com • www.CountyCMAMemberInsurance.com May 17, 2013 General Marsh, Workers' Compensation 0 0 Comment Read More »
