Posts Categorized: Benefits Update

Kids and Insurance

  Article by Heather Baird Employee Benefits Account Manager Insurance Trust In the past few years, I’ve come to the epiphany of how important taking care of my mental health and wellbeing is in relation to my children and parenting. As a working parent, I’ve many times been overwhelmed with guilt. As a result, I’ve… Read more »

Budgeting for the New Year

  Article by Elizabeth Ingram  Vice President of People Strategy, Insurance Trust  There are several situations that may warrant readjusting your budget: salary changes, benefit renewals, life changes (marriage, divorce, addition of a child, moves, etc.), and the start of a new (tax) year.  Having a written budget that details your monthly income and expenses is… Read more »

Consumerism – What does that actually mean?

Article by: Pam Huntington Employee Benefits Specialist – Insurance Trust  In relation to healthcare, it’s defined as, “transforming an employer’s health benefit plan into one that puts economic purchasing power—and decision-making—in the hands of participants”*. It’s about supplying the information and decision support tools you need, along with financial incentives, rewards, and other benefits that… Read more »

What is a MEWA?

Article by: Elizabeth Ingram  Vice President of People Strategy, Insurance Trust  MEWA is an acronym for Multiple Employer Welfare Association.  It’s a group of employers with some sort of commonality that joins together, primarily for the purpose of offering employee benefits. Here in Maine, many Credit Unions and Credit Union Service Organizations (CUSOs) are part… Read more »

September is Life Insurance Awareness Month

September is Life Insurance Awareness Month. Life insurance is one way to prepare for the hyperbole floods in our life. “It wasn’t raining when Noah built the Ark.” In our present circumstances, we’re reminded of how fragile life can be. If you have someone in your life who depends on you and your income you… Read more »

Updated HSA Contribution Limits for 2020

Each year the IRS releases updated health savings account (HSA) and high-deductible health plan (HDHP) limits for the coming year.  2020’s limits are listed below and further information can be found on the IRS website HERE or by contacting Heather Baird at hbaird@insurancetrust.us. 2020 HSA Contribution Limits Individual: $3,550 ($50 increase from 2019) Family: $7,100… Read more »

Introducing our New Employee Benefits Specialist

Insurance Trust is pleased to introduce Pam Huntington as our new Employee Benefits Specialist. Pam comes to our team with more than fifteen years of experience in the health insurance and voluntary benefits field.  She has previously worked as an Account Manager at both the health insurance carrier and broker levels.  Pam also worked in… Read more »