Archive for August, 2011

Charity Corner

Posted on: August 22nd, 2011 by Kristine No Comments

Non Profit Upcoming Events

August 24, 2011, 4-7 pm, ASBA Open House and Expo, 4600 E Washington St, Phoenix, AZ.

August 30, 2011, 5:30pm – Gabriel’s Angels Play, “Boeing, Boeing”, Phoenix Theatre.

September 14, 2011, 11:00am-1:00pm, NAWBO Monthly Luncheon, Speaker: Fran Lowell, “Rapport” How to gain a competitive edge in your business. Phoenix Country Club

September 21, 2011, 11:30am – Tempe Chamber Golf Tournament, Karsten’s Golf Course.

October 14, 2011, 6:00 pm – Gabriel’s Angels First Ever Signature Wine Event, SALUD! Arizona Biltmore.

Exciting News…

Posted on: August 22nd, 2011 by Kristine No Comments

Benefits By Design is now the Exclusive Broker for ASBB (Benefits Department for Arizona Small Business Association). We will be assisting ASBA members with any other products other than their current Association plans. We are very excited for this Excellent Opportunity!!!

Healthcare Reform Update

Posted on: August 22nd, 2011 by Kristine No Comments

Last week it was decided that the ruling as to whether an Individual Health Insurance Mandate will be required for all citizens by 2014, has most likely been moved to the Supreme Court to make a decision next session.

The past few months Arizona has been meeting as a committee run by Don Hughes who was appointed by our Governor, Jan Brewer, to move forward with offering a Statewide Exchange instead of joining as part of the Federal Exchange. They are still waiting for the HHS requirements to see how to best set up the exchange, but currently they are researching several options. There are about 20 committee members ranging from Brokers, Insurance Companies and Department of Insurance Representatives. The Exchange will need to be set up by October 2013 and prepared operationally for January 2014 sales. This will affect both group and individual sales.

The Medical Loss Ratio will be required for Insurance Companies to report to the clients that they insure to see if any Rebates are owed to the client if their claims are below the loss ratio. This reporting will be required starting in 2011 and if any Rebating is owed to the client the checks must be distributed by August 1 of the following year. At that point the client will be required to reimburse their employees based on the amount of contributions the employer and employee contribute. You will be receiving more information on this from your particular carrier.

Presidents Message

Posted on: August 22nd, 2011 by Kristine No Comments

Hello everyone! 2011 has brought about a few things to celebrate and those include you, our clients who have survived your own business challenges and continued to work with us to offer your team excellent benefits!! Thank you!!

We still continue to stay active in our non-profit volunteer commitments and we were recognized earlier this year as the 2011 NAWBO Phoenix Business Owner of the Year! It was a great awards ceremony in June and I am very honored. I was also recognized for the second time as a finalist for the Tempe Chamber Business Woman of the Year! These organizations have helped to make Benefits by Design what it is today by teaching us leadership and building relationships.

Healthcare reform was laying low for a while, but now it is back in the spotlight. I have been serving on two committees with the Department of Insurance to help stay educated. Those committees include the Rate Review Committee and the Arizona Exchange Committee. See below for more information.

Also, stay tuned as we will be adding another specialist to our team who will be focusing on Ancillary Products such as Disability Insurance, Life Insurance, Long Term Care, and Medicare Supplements. We are excited to be expanding into other areas in today’s marketplace.

Kristine Kassel