News & Resources

 

Affordable Care Act: What Do I Do Now?

Whether you carry private health insurance or a policy offered by the government, you’ll want to start watching news and deadlines associated with the Affordable Care Act. The Act affects the types of policies that are now available, and also defines the times you can enroll, even if your healthcare insurance is private.  A few things are important to know right now:
  • Enrollment has closed for 2014 healthcare coverage.
  • You may still be eligible to modify your 2014 coverage if you gain a dependent (through marriage, adoption or birth),
    become a citizen, or become newly eligible for cost-sharing assistance. If this occurs, you have 60 days to enroll or change plans.
  • Enrollment for 2015 begins November 15, 2014, and must be completed no later than February 15, 2015.
  • If you want your policy to be effective as of January 1, 2015, then complete your enrollment by December 15, 2014.

Who Needs an Umbrella Liability Policy?

You may feel well-insured, but if you don’t carry an umbrella liability policy, you may still be exposed to unnecessary financial risk. An umbrella policy limits your financial liability in the case of accidents and situations not covered by your homeowners or auto insurance, and it’s one of the best values in insurance. A few scenarios include:
  • An individual can sometimes cause an auto accident that includes considerable property damage. An umbrella policy kicks in when property damage exceeds the underlying liability coverage limit of your auto policy. Many of our policies have liability limits of $100,000 per person and some have less.
  • Own a dog? If your pooch leaves the premises and injures a neighbor, leading to high medical bills, an umbrella policy covers the costs of care, hospitalization and rehab once your home-owners liability coverage is exceeded.
  • Certain injuries can be exceptionally costly to treat. Consider if a child’s friend incurs a spinal cord injury while on your trampoline. Umbrella liability insurance manages the excess costs after you exceed the limits of your homeowners or renters liability policy.