 Have Benefits Plans adjusted to deal with COVID? What do I pay for an ER Visit? What happens when I get quarantined for 3 weeks? If I get sick at work, do I get any help with lost wages?
Before the COVID-19 virus crisis, healthcare was already in the top three concerns of most people. Now that we are dealing with a virus outbreak. It is even more important to make sure health insurance coverage is set up to address how we might use our coverage for treatment. Since 67% of the population is covered by Small Business Group Insurance. We are going to discuss solutions for small groups. What do I pay for an ER Visit? Emergency Room visits are never planned and neither are the expensive bills they can rack up. Most health plans have a deductible from $2000 up to $7000 before the insurance even begins to help. What if I have to be Hospitalized? In addition to the deductible, many health plans have Co-Insurance Cost sharing. Once you spend a night in the hospital, the co-insurance is billed to you. Co-insurance amounts start at 10% of the hospital bill and can go up to 50% of the bill. This is not new. These amounts are a normal part of health insurance plan designs. Do I get any help when I am out of work while quarantined, sick or recovering? Many states have expanded government programs to include unemployment or sick pay during the COVID crisis. In other times, we have had to rely on earned sick or vacation time offered by employers or just take unpaid time off. Here are some additional resources available in California. https://www.labor.ca.gov/coronavirus2019/#chart SOLUTIONS Health Plans Some health insurance carriers have recently introduced new group health plan options that provide higher levels of benefits, lower copayments and coinsurance amounts and maintain a good network of provider medical groups and hospitals. Complimentary Coverage There are some little used group benefits that help fill in the gaps of primary medical insurance. These plans can help pay for deductibles, co-payments and can add benefits. Other plans can help replace lost income when sick or injured and unable to work. Optimized Benefits The best solution is to coordinate the available benefits to mesh together to provide seamless coverage, improved quality of care, and reduce overall benefits costs. Who Should Make Changes Now?
Contact Us for More Information: Text/Call: (714) 900-2363 Email: george@pacificarib.com ZOOM: 944 595 1957 Calendly: https://calendly.com/pacificarib/60min\
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 Covid- 19: the Effect on Life and Disability Insurance Covid-19 has changed how insurance companies are accepting and reviewing applications for life and disability insurance. The changes implemented may be temporary, yet with the unknown outcome of the virus, most insurance companies are being more cautious. The good news is that many companies are skipping the medical exam requirement to apply, but are heavily relying on medical records, prescription checks and signed statements of Covid-19 contact. Should you wait? The problem with waiting is that you may never get around to it or risk getting sick or injured then it may not be possible. If you are healthy, get it now. Don’t wait! If you are worried about meeting face to face, meetings can easily be held over Zoom. Applications can be submitted and signed electronically as well. What do I recommend? Work with an insurance professional. There has been a rise of online life insurance applications. Although there is nothing wrong taking care of it yourself, these premiums may be slightly higher. An insurance professional would review your situation, shop around to different companies and give you a better idea of your options and cost. Not everyone’s situation and need are the same. If you currently have a life or disability insurance policy, you should also set up an appointment for a review. A recent life change like a new baby, house, or job may change your insurance needs. Other items to review would be your beneficiaries and your employer coverage. There are a lot of bases to cover so leave it to the professionals to help. For more information, please contact: Melissa Delgado Insurance Professional MDIS: Melissa Delgado Insurance Solutions (714) 603-6539 melissa@mdis.io or Contact Us for More information! Text/Call: 714-900-2363 
Contact Us for More information! Text/Call: 714-900-2363  IMPORTANT 401K PLAN EMPLOYEE BENEFIT NEWS
This week - A Large Payroll company is being sued over its role as the fiduciary of a multiple-employer 401(k) plan by a sponsor that alleges ERISA violations, such as allowing "unreasonable" record-keeping and administrative fees and selecting "high cost and poorly performing investments." What does this mean?
Have Questions? Contact Us for a Free Employee Benefits Plan Evaluation. Call/Text: 714-900-2363 Pacific All Risk Insurance Brokers 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, George Varela will be speaking about How To Reformulate Group Benefits Now to Address Changing Budgets and Benefits Needs.  As companies and government agencies send their employees home to avoid contact with the coronavirus, many cyber-security teams are facing the unenviable challenge of securing sprawling, vulnerable networks.
Every time an employee connects to their corporate network from home, they’re creating possible access points for hackers to exploit. Here are some tips that can help your business... Risks: What are the current risks for data intrusion, theft, and hijacking? Today’s information highway is ripe with potentially catastrophic exposures from:
Repercussions: What happens when someone has access to my company and client data? A targeted attack on your business damages your bottom line in many ways including:
Prevention – What can I do to make it harder for my data to be accessed by unauthorized people? The number one way to prevent invasion of your business data is to be prepared by:
Protection – What can I do if my data does get hacked or stolen? The number one way to protect your business from liability, is to get a Cyber-liability insurance policy. This type of coverage will help to:
For More Information on Data Protection Contact: Agile Enterprise Management For More information On Cyber Liability Insurance: Text/phone: 714-900-2363.  When employees are unable to work because of a disabling injury or illness, Short-Term Disability Insurance helps by replacing part of their income.
An employee’s savings might not be enough if an illness, injury or pregnancy keeps them out of work beyond their paid sick days. Short-term disability insurance (STD) helps protect employee income during extended work absences and can help employees pay the bills when they cannot work due to a covered claim. Short-term disability insurance replaces a portion of an employee’s income for covered illnesses and injuries sustained outside of work.
Contact Us to help your employees get covered now. Call or Text: 714-900-2363 CalSavers is California’s new retirement savings program for workers in the private sector who do not currently have a way to save at work. Eligible employers with at least five employees that do not already have an employer-sponsored retirement plan will be required to begin offering one via the private market or provide their employees with access to CalSavers by the following deadlines:
The cost of CalSavers investments (consisting of an underlying fund fee, a state fee, and a program administration fee) could be approximately twice the cost of a typical 401(k) investment. Please contact us for more information on starting a company retirement plan that works best for you and your business.  Here are some key features of CalSavers that eligible California employers should be aware of:
Employers that do not already have an employer-sponsored retirement plan may want to examine implementing one based on the following considerations:
Which retirement plan is right for your business? Businesses with no employees As a business owner, you know your company’s success takes preparation and effort. Your retirement years are no different. The appropriate business retirement plan can incorporate the flexibility you need while helping you to prepare for your retirement – as well as attract and retain quality employees. Once you’ve determined your objectives, you can evaluate your options based on the needs of your business and employees. Then you can begin selecting the right retirement plan for your business. If you’re like many other self-employed individuals, you probably want to know how much you can save for retirement each year and how your contributions will affect your taxes, now and in retirement. There are three primary options available to help you achieve your goals:
Whether you have employees or not, the retirement plan you choose may have a large impact on your personal and professional life. I can help you weigh your options and educate you on the different plan types available for you and your business. For More Information, Contact: Derick M Roberts Financial Advisor – Edward Jones 2223 East Wellington Avenue Suite 310 Santa Ana, CA 92701-3161 714-543-9632 derick.roberts@edwardjones.com Thorough documentation is a critical part of performance management. It’s also a vital component when building an employer’s defense against complaints. While an absence of documentation can be devastating to an employer’s defense, poorly written documentation can be just as damaging. And how do you document performance when managing remotely. Learn WHAT to say and HOW to frame the feedback message to correct performance deficiencies and if necessary provide a legal basis for discipline.
WhenMonday, May 4, from 2:15pm - 3:15pm PT WhereOnline Webinar **Free for EVERYONE This presentation will explore:
 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:
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 |
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