ACA Update – February 2015

Posted by on Feb 27, 2015 in Benefits Update | 0 comments

There haven’t been any changes on the group side this month, but for your non-eligible employees & customers, it is worth noting that there is going to be an additional open enrollment for individuals at www.healthcare.gov for 2015.  This enrollment is March 15-April 30 for individuals who were unaware of the penalty for being uninsured and only found out when doing their 2014 taxes.   On a more fun note: For those of you who don’t want to login to your health insurance individual portal or are just curious about the cost of coverage a new tool has come out that gives the average (national, state, & closest city) cost of most common procedures as well as explaining what the procedures entail.  It can’t tell you what the cost might be with insurance, but www.guroo.com is an interesting site for those of you interested in general cost of care.    As always, please let me know if you have any questions regarding the Affordable Care Act. Elizabeth Ingram Account Manager, Employee Benefits Insurance Trust Phone: 800-287-3379 x 312...

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Anthem Data Breach

Posted by on Feb 10, 2015 in Benefits Update | 0 comments

Although we still don’t know if anyone in Maine was affected as Anthem is mailing that information directly to affected members (and former members), the items listed in the article are good practice for anyone with health insurance. “To the 80 million customers of Anthem whose personal information was stolen by hackers, security experts offer this advice: Keep a close eye on your medical-claims statements. Identity thieves use plundered health-plan data to run up large bills in the victims’ names. Anthem disclosed yesterday, Feb. 4, that names, birth dates, Social Security numbers, medical IDs, street and e-mail addresses, and employee information, including income levels, were stolen in one of the biggest data breaches of a U.S. company. Identity theft may not have been the main goal of the breach. Federal and private-sector investigators are pursuing evidence that points to Chinese state-sponsored hackers who are stealing personal data from health-care companies to seek information on the personal lives of defense contractors, government workers, and others, according to three people familiar with the probe. Still, the information of tens of millions of others has been compromised and can’t be considered safe.” Read Full Article   For those of you with Anthem insurance, Anthem is contacting employers, members, and brokers simultaneously, so you will receive any information at the same time I do.  Please do let me know if you do have any questions regarding anything you receive.   For questions, please contact: Elizabeth Ingram Account Manager, Employee Benefits Insurance Trust Phone: 800-287-3379 x 312 info@insurancetrust.us...

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ACA Update – January 2015

Posted by on Feb 10, 2015 in Benefits Update | 0 comments

Important Affordable Care Act Reminders for January 2015 If you have employees who are not eligible for your group coverage and they currently do not have coverage, they may only enroll in individual coverage during open enrollment which ends February 15th.  This is true both on and off the Marketplace this year.   Please remember that the penalty for not having coverage increases this year (2015) to the greater of $325/adult ($162.50/child) or 2% of household income.  You can have a coverage gap of up to 3 months (as a yearly total) without incurring this penalty.   The 2014 tax forms for individuals includes a box asking if you had health care coverage  last year.  You must check this box if you had coverage so that you aren’t penalized.  Carriers will not be sending a form showing proof of coverage to members this year, but a form will be required from carriers for 2015 taxes.  The 2014 penalty for not having coverage is the greater of $95/adult ($47.50/child) or 1% of income.   Please consult your tax advisor if you have further questions regarding the 2014 tax forms. For questions, please contact: Elizabeth Ingram Account Manager, Employee Benefits Insurance Trust Phone: 800-287-3379 x 312 info@insurancetrust.us  ...

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New Director of Training

Posted by on Feb 3, 2015 in News | 0 comments

Insurance Trust is pleased to announce the selection of Randy Judkins to become their new Training Director. A native Mainer, Randy brings a unique set of skills and experience to this position. Since 1975 he has performed his one person, multi-character original show in over 25 states, Canada and Europe. Throughout his career, Randy has created topical pieces for schools and businesses, has been a professional speaker, performance coach, visiting artist in residence and created educational and corporate programs focused on team building, leadership skills and change management.   In 2001, Randy founded the Maine Hysterical Society – a sketch comedy and singing trio. He has also been a script and character consultant for Tri-Star Pictures, a juggling and high wire trainer for “Circus of the Stars” in Hollywood, and the Master of Ceremonies for the (Patrick) Dempsey Challenge Hope and Healing Banquets in 2009 and 2010.   Randy has been a teaching artist in numerous school systems throughout Maine and New England. Other educational assignments have included adjunct theater faculty member at USM, instructor of clowns at the Ringling Brothers Barnum & Bailey’s Clown College, master classes in ‘creating physical character’ at Juilliard School of Drama in NYC and a professional tour guide in Acadia National Park.   As Training Director for Insurance Trust and its subsidiaries, Randy will have responsibility for coordinating, managing and disseminating all web-based and live training programs for Insurance Trust’s credit union clients. He will work closely with various strategic partners to facilitate program and product education as well as create and administer other creative training programs designed to enhance the business relationship between Insurance Trust, its subsidiaries and their business partners and...

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Spring 2015 Lending School with Brett Christensen

Posted by on Feb 2, 2015 in News | 0 comments

Insurance Trust and CUAlliance are pleased to announce our Spring Lending School taking place on March 16-17, 2015 at The Westin Portland Harborview Hotel in Portland, ME.  This event is part of our ongoing Insurance Trust University training initiative and twice annual live lending school workshops. This focused and informative training program will be split into two 1-day sessions presented by Brett Christensen. Brett is the owner of CU Lending Advice, LLC. As such, he works directly with credit unions in the U.S and Canada teaching and consulting on various lending topics to professionals that work in the credit union industry.  His personal and entertaining speaking style has also made him a popular and sought out speaker in the credit union industry.   Below is an outline of the topics that Brett will cover in each of the two sessions:   Monday, March 16, 2015 CEO & Management Training Designed for CEOs, Management and aspiring lending managers to receive knowledge that will improve their department’s overall lending and sales results with a focus on the following topics: Loan Department Productivity and Efficiency Loan Product & Rate Design Loan Delivery Channels Loan Department Organization Loan Policy Provisions Should you utilize a centralized or decentralized lending operation? Indirect Lending Successful Collections Sales Culture Development   Tuesday, March 17, 2015 Loan Officer and MSR Training Designed for loan officers, member service representatives and all lending professionals looking to refresh their lending expertise; this session will cover lending’s critical essentials and best practices for lending success with a focus on the following topics: Lending is an Attitude! Every Member is Unique Learning to Tailor Your Approach in the Loan Interview Improving Individual Sales Skills Selling Ancillary Insurance Products Building Performing High-Risk Loans in the Interview The “Firm Close” Communicating Denials A Review of FICO Credit Scores Approaches you Should Use When Underwriting Debt Ratio Analysis Loan-to-Value Analysis Secured & Unsecured Guidelines Total & Unsecured Debt Ratio Analysis Debt Consolidation Loans Real Risk Factors vs. Not-so-Real Risk Factors Both Insurance Trust credit union clients and non-clients are welcome and encouraged to attend.  For registration info please complete our contact form or call Barbara Christy at...

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