IMPORTANT INFORMATION - For Business Owners  in Brea, Fullerton, Santa Ana, Irvine, Costa Mesa, Newport Beach

For those businesses that are working hard to keep their employees, you need to know that Group Health Insurance Plans are available in your area that may save you thousands of dollars a month in premiums and reduce your overhead costs.  With little or no change in amount of benefits, you could start saving as soon as May 1.

There are new benefits options available in these cities, that can reduce costs of benefits compared to Kaiser, Blue Shield, Health Net and United Healthcare plans with similar benefits, with improvements as follows:

1. Lower Overhead Costs by Thousands of Dollars, NOW.
2. Employees on the plan are 100% Covered for COVID-19 Related Treatments, with No Co-Payments.
3. Plans designed with Similar level of Benefits to your current coverage.
4. Good Hospital Networks: Hoag, St. Jude, St Joe's, Mission, Placentia Linda, Providence, UCLA, Keck-USC, Los Alamitos and More.
5. Easy, Online Enrollment for Company and Employees.

A Small Change in your health and Benefits Plan Now, can help the company with thousands of savings over the next 12 months.

Contact Us ASAP for more information:
Call or Text: 714-900-2363
- OR -
Schedule a 10 Minute Phone Call Here

From Our Friends at Accrew Bookkeeping...

An interactive workshop on how to keep businessing when the world is not business as usual.
Sign up to join here: https://bit.ly/2Vw6mK8

As business owners, we’ve felt overwhelmed by the information coming at us on a daily basis. There are new rules and opportunities like never before, but it’s hard to sift through to get practical steps to take.
That’s why we’re providing a weekly workshop to help businesses get information quickly and questions answered so they can apply it in their business today.
This week, Joe Gutierrez will be going over the PPP and EIDL loans and how to navigate them.
Sign up to join here: https://bit.ly/2Vw6mK8

A recent announcement form OSCAR Health explains that all care related to COVID-19 or Coronavirus will be covered in full.  See the announcement below.

We’ve got the latest information on what you need to know—and some myths you should ignore.As the new coronavirus continues to spread, it’s important to reduce risk by educating yourself and your family about the facts. (After all, knowing the facts can help reduce anxiety.) There’s plenty of conflicting, misleading, and confusing information out there, with false rumors and bad advice spreading all the time. In fact, the World Health Organization (WHO) described this as an “infodemic.”

It’s hard to know what’s true and what isn’t. We’re here to help.

Click here for the full article...

How Can I Save Money on Insurance, Now!

During hard economic times, we are all looking for ways to save money. Here are some tips on how you might make small adjustments to your insurance plans in order to save money right away.
Auto
Do you have more than one car and don't need to use one or more right now? You can place one or more vehicles on "non-op" status. Non-Op or Non-Operational status allows you to remove all coverages except comprehensive coverage from those parked vehicles. That could save hundreds of dollars per month, starting now!
There are some rules:
1. You must notify DMV that the vehicle is not being driven. Otherwise your registration will be suspended for lack of insurance.
2. The vehicle must be parked out of view of the street. Park it in the garage, behind a fence or gate or in a warehouse.
3. Some insurance companies have their own rules, so check with them on the best way to do this.
4. BEFORE YOU DRIVE your parked car again, Contact  your insurance company and DMV to let them know it will be in use so that your insurance and vehicle status is up to date!

Home
Homeowners insurance does not have many areas for savings; however, you can save by changing your deductible. If it is $500, consider $1000. Is it $1000, consider a $2500 deductible. This will save 10-20% off your monthly bill.

Health
1. Individual Plans - If your income has dropped, Covered California (the state exchange) has opened up a special enrollment period that will allow for new applications to find coverage. Based on Income, there are discounts (tax credits) available or you may qualify for Medi-Cal, Low income health insurance.
2. Group Plans - If your business has a group plan. Consider changing to a lower cost plan temporarily to reduce your overhead expenses. A group can change plans any time during the year. As things improve, you could increase the coverage again later.
3. Most Importantly - Do not go unisured! The right plan is available for everyone, reach out for help to find the best plan for you.

Business
Some business insurance plans are based on revenue, number of employees or square footage. Talk to your agent or broker and review your most recent application. Is your income lower, fewer employees, smaller warehouse?  Those can all affect your rates. Making corrections could reduce your insurance expenses.

Workers Comp
If you are using fewer workers during this crisis, contact your insurance broker to adjust your plan. This may lower your premiums until business picks up again. When it does, be sure to tell your agent right away. Otherwise, you may owe money at the end of the year audit.

Life
Life insurance is one plan you do not want to touch. Keep it as long as you can. If you must make a change to reduce cost, contact your agent or insurance company. You may be able to change the term or amount of coverage to lower your costs.

Final Note: Be sure to review your coverages with your agent every year. Annual reviews will take 20-30 minutes and will make sure you have the right coverage based on the correct information.