On this page you will find the
latest changes in product
information along with links to
bonus program information that
may be offered by the various
carriers. It also includes
information that you may wish to
share with your client
concerning any changes in
government regulations.
Cobra Benefits Extended
In December, President Obama signed the Department of Defense
Appropriations bill that included provisions extending COBRA
benefits and delays a scheduled 21.2% cut in Medicare physicians
payments ( The Doc Fix) for two months until February 28, 2010.
As enacted in 2009, as part of the American Recovery Reinvestment
Act of 2009, individuals losing their
jobs
between September 1, 2008 and December 31, 2009 were eligible for a
65% premium subsidy for up to nine months. The COBRA provision in
the Defense Appropriations bill extends the eligibility period for
premium subsidies by two months to February 28, 2010 for individuals
involuntarily terminated and lengthens the duration of the subsidy
from 9 to 15 months.
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administrative tasks to AMG
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Unlike a typical time loafer, we
watch the clockin a good way.
At AMG, we make every secondcount so we don't
miss a beat when it comes toproviding you with
the best products, services,education, and
sales assistance in the industry.Give us a call
today to learn how we can tailorour products and
services to your uniqueneeds. The
clock is ticking
Government/TIC Changes
Texas Senate Bill 51
Changes Termination of Group
Procedures
Carriers must be notified of
all terminations NO LATER
THAN THE END OF THE MONTH
FOLLOWING THE TERMINATION.
If the termination occurs in
the last seven (7) days of
the month the employer has
by the end of the third
business day Into
the next month to notify the
carrier to avoid paying
additional premium. Neither
AMG nor the carriers we
represent will be able to
grant exceptions to this
Texas Law.
