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Member Benefits Brings Cyber Security Insurance Program to The Florida Bar

In an effort to help combat the recent rise of data and security breaches that have plagued Florida law firms, Member Benefits, the administrator of The Florida Bar Member Benefits Insurance Programs, is now providing members of The Florida Bar with a new Cyber Security program.

In regard to the new product offering, Member Benefits CEO Earl “Chip” Trefry Jr., CLU said, “We are very excited to be able to offer this new product to members of The Florida Bar. With more and more law firms becoming victims of data breaches, investing in your firm’s cyber security welfare has never been a smarter and a more timely need. We look forward to helping law firms throughout the state of Florida protect not just their own sensitive information but their client’s information as well.”

Details Of The Program

The new Cyber Security program being offered to members of The Florida Bar is comprised of three key parts: (1) an initial Data Breach Risk & Compliance Assessment Report, (2) an ongoing Regulatory Compliance Certification, and (3) an exclusive Cyber Liability Insurance program. Firms can choose to purchase one, two, or all three of the program features.

This new program is a natural fit for Member Benefits’ portfolio as they currently offer a wide-range of other insurance products to members of The Florida Bar.

For more information regarding the Cyber Security program available to members of The Florida Bar, or to request a quote, please visit www.floridabar.memberbenefits.com/cyber-security/.

About Member Benefits

Member Benefits is a full-service insurance brokerage and third-party administrator that focuses on technology-driven insurance exchanges and benefit programs. Member Benefits specializes in the design, marketing, and administration of programs for employer groups, associations, affinity groups, and franchises. Member Benefits operates in many states with locations in Jacksonville, Florida, and Austin, Texas. For more information, visit www.memberbenefits.com/.

county map of missouri and kansas

Blue Cross Abandons Affordable Care Act Insurance Exchange in Missouri

UPDATE 6/13/2017: 

St. Louis-based Insurance company, Centene Corp., has announced plans to enter the Missouri, Kansas, and Nevada Affordable Care Act insurance exchanges in 2018. In April of this year, Centene CEO Michael Neidorff was quoted as saying “As to exchanges, we see nothing at this point to prevent us from proceeding with our 2018 marketplace participation.

According to Kansas City Business Journal, “As of March 31st, Centene served about 1.2 million exchange members, up about 500,00 from the previous year.” Centene Corp. is also expected to expand its six current markets in Washington, Indiana, Ohio, Georgia, Florida, and Texas signaling the potential for even more growth in 2018.

In a statement, Neidorff said, “Centene recognizes there is uncertainty of new healthcare legislation, but we are well positioned to continue providing accessible, high quality and culturally sensitive healthcare services to our members” according to an article on Reuters.

 

Citing major and “unsustainable” financial losses, insurance giant Blue Cross Blue Shield have announced plans to abandon individual plans offered through the Affordable Care Act Insurance Exchange for 2018 in both Missouri and Kansas.

According to the press release, “Like many other health insurers across the country, we have been faced with challenges in this market. Through 2016, we have lost more than $100 million. This is unsustainable for our company. We have a responsibility to our members and the greater community to remain stable and secure, and the uncertain direction of this market is a barrier to our continued participation.”

This decision comes on the heels of Aetna’s recent decision to completely pull out of the insurance exchange program after a citing a $450 million loss financial loss in 2016 and an additional projected $200 million loss this year.

While Blue Cross has roughly 1 million members in the affected area, they are estimating that approximately 67,000 will lose coverage. The new decision will not impact members who purchased their plans prior to October 1st, 2013, those who purchased Medicare Advantage, Medicare Supplement, short-term or student health plan from Blue KC, or members who have Blue Cross coverage through their employer.

Nonetheless, the move by Blue Cross comes as a major blow to families and individuals in the area, not to mention the Affordable Care Act itself. Out of the 32 counties the decision impacts, 25 will be left without any options available on the exchange as the situation stands today. Insurance providers have until June 21st to inform the government where or if they will sell plans on the insurance exchanges for 2018.

missouri counties effected by Blue Cross decision to leave ACA exchangeThe State of the ACA Insurance Exchange in Missouri

According to Fox4kc.com “This year, 97 out of Missouri’s 114 counties and the City of St. Louis have only one insurer offering plans on the exchanges. Earlier this year, Humana announced that it is also withdrawing from the exchanges. As things stand today, that leaves 25 counties with no insurer option and 77 counties with only one insurer option next year.

This comes on top of a new report from the Department of Health and Human Services showing that under Obamacare insurance premiums in Missouri’s individual market have increased by an astonishing 145% in just four years.”

Missouri isn’t the only state where insurance providers have been struggling. Healthcare Economist at Washington University in St. Louis, Tim McBride, believes the decision made by Blue Cross Blue Shield of Kansas City “is part of a larger trend with insurers pulling out of marketplaces in Virginia and Iowa as well.”

If you find yourself one of the 67,000 people in the Missouri and Kansas area that this decision impacts—we can help. For over 30 years, we have assisted thousands of employers and individuals secure the coverage they need for themselves and their families. Our benefits counselors are on hand M-F 8:30 am to 5:00 pm and are specially trained in helping attorneys with their insurance needs and may be able to help in the event of a loss of coverage for 2018.

Stay tuned to Member Benefits for more updates, or contact us today at www.memberbenefits.com/contact-us/ to see what options may be available to you.

To view the full press release from Blue Cross Blue Shield visit www.bluekc.com.

Final Market Stabilization Rule

Did you know that approximately 500,000 fewer Americans enrolled in a plan during the open enrollment in 2017 than in 2016? The Centers for Medicare & Medicaid Services has issued the final market stabilization rule. The goal is to increase choices, lower premiums and encourage stability in health insurance markets for 2018.

Read More

What is LifeLock?

Identity theft hit a record high in 2016, 15.4 million Americans fell victim – up 16 percent from 2015. *

 

LifeLock is the leader in identity theft protection services. Unlike a bank, a credit card company or a credit bureau, their focus is on protecting your identity – to help keep you safer in an always connected world.

DETECT & ALERT
Lifelock’s proprietary technology scans millions of transactions every second for threats to your identity.†

Read More

Letter From Member Benefits’ CEO Regarding Health Insurance Delays During Open Enrollment

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Dear Client,

I want to assure you that all of us at Member Benefits completely understand your concern regarding the complications and delays that are occurring in regards to your application for health insurance. I feel privileged that you have chosen Member Benefits to help you with such an important decision to choose and apply for your health coverage.

These are unprecedented times for health insurance carriers. The following will help you understand why all of the carriers are overwhelmed to various degrees:

  • Over 27,000,000 people have newly applied or changed their plans for insurance since 11/01/15.
  • One of our leading carriers informed us that they received more than 10,000 applications on 12/15/15, the deadline date to apply for a 1/1/16 effective date.
  • Several carriers dropped some of their most popular plans for 2016, causing a panic amongst insureds to secure similar coverage with other carriers.
  • Regardless of the reasons, insurance companies underwriting, billing, and issuance systems are overwhelmed with the volume and are not able to deliver approvals, policy documents, and identification cards in a reasonable manner.
  • One carrier is predicting that policies may take as long as March to be issued with a 1/1/16 effective date.
  • Some carriers are asking us to inform insureds that they might need to pay their claims “out of pocket” and request reimbursement once the policy is issued.
  • Although the carriers greatly increased their staff to handle the volume, some carriers stated that they were expecting a 40% increase in customer service needs and actually received an increase of up to 500%.

It is important to me that you know our staff is working tirelessly and is in constant contact with the carriers to expedite the processing of our clients’ applications.

Again, we are all empathetic with your very justifiable concerns. In addition, we are certain that we will be able to satisfy your needs and ultimately deliver to you the product you applied for.

Earl C. “Chip” Trefry, Jr. CLU
President/CEO

 

Member Benefits to run Private Health Insurance Exchange for FHBA

Member Benefits Selected to Launch Private Health Insurance Exchange for Florida Home Builders Association

Jacksonville, Florida (PRWEB) October 31, 2014

Member Benefits, a national leader in private health exchange and benefits provider for associations programs, announced that it has been selected as the exclusive, endorsed provider of a private health insurance exchange for members of the Florida Home Builders Association (FHBA). The offering is a unique online marketplace that offers customized benefit plans for individual FHBA members and employer group members of all sizes. With a full line of health insurance plans and other benefits, the exchange also provides an integrated and efficient shopping experience that utilizes decision support technology to help members choose the plans that best suits their needs.

Member Benefits will work in strategic partnership with FHB Insurance, the wholly owned subsidiary of the FHBA, to compliment the current member insurance programs to better meet the insurance needs of Florida’s construction industry.

“As a well-known leader in association insurance programs, Member Benefits was selected because of its proven track record of success with associations and superior service model for health insurance programs. What we are offering through Member Benefits is a truly world-class program and one that is worthy of the FHBA members,” said Jerry Linder, FHBA President. “We are confident that the new private health exchange will be of significant value to our members and their employees.”

“This new endorsement reinforces that Member Benefits is a clear market leader for insurance benefits programs and private exchange solutions for associations. Our technology has been very well received by our existing association clients and we are excited about the new opportunity to work with FHBA members,” said Nicklaus Trefry, Chief Operating Officer, Member Benefits.

About the Florida Home Builders Association
Established in 1949, the Florida Home Builders Association (FHBA) represents the interests of Florida’s home building, remodeling and commercial construction industry. The FHBA is one of the most dynamic trade organizations of its kind in America. FHBA’s 7500 corporate members and their 350,000+ employees contribute to making construction Florida’s second largest economic engine. At its core, FHBA is about advocacy and its legislative, legal and political initiatives have worked together to create the best possible economic and regulatory environment for its members to succeed.

About Member Benefits
Member Benefits is a full-service insurance third party administrator and private exchange technology provider specializing in the design, marketing, and administration of professional affinity group and association member benefit programs. For more information, visit the Member Benefits Web site at http://www.memberbenefits.com/fhba

View Press Release

State Bar of Texas announces changes to Insurance Trust

FOR IMMEDIATE RELEASE

Jan 24, 2014

MEDIA CONTACT
Lowell Brown, public information director
State Bar of Texas
512-427-1713
[email protected]

State Bar of Texas announces changes to Insurance Trust

AUSTIN — Changes are in store for the State Bar of Texas Insurance Trust (the Trust) to ensure members have the best options available to them under a changing insurance landscape brought on by the Affordable Care Act.

Member Benefits, Inc. has been appointed as the third-party administrator of the Trust. Member Benefits is also the administrator of the Texas Bar Insurance Exchange, which is a multi-carrier private exchange designed for State Bar of Texas members and their staffs and dependents.

The changes will occur as follows:

—Under its new third-party administrator agreement with the Trust, Member Benefits will administer and sell Prudential products through traditional methods and also through the Texas Bar Private Insurance Exchange. These Prudential products include life, long-term disability, office overhead, and personal accident insurance.

—Aetna health plans currently with the Trust will be terminated on June 30 because of changes under the Affordable Care Act. Member Benefits, as the Trust’s third-party administrator, will assist attorneys who have Aetna plans with the transition to ACA-compliant individual major medical plans through the Texas Bar Private Insurance Exchange.

—Member Benefits has purchased all of the insurance policy assets of the SBIT Insurance Agency, a subsidiary of the Trust. Member Benefits will provide ongoing service for those policies. As health insurance policies come up for renewal, those customers will be provided with the option to move into ACA-compliant plans through the Texas Bar Private Insurance Exchange.

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The State Bar of Texas is an administrative agency of the Supreme Court of Texas that provides educational programs for the legal profession and the public, administers the minimum continuing legal education program for attorneys, and manages the attorney discipline system. For more information, visit www.texasbar.com.

 

CPA Insurance Marketplace announced

The Next Great Benefit For FICPA Members!

Welcome to the newest and most beneficial way to shop for your insurance needs! The CPA Insurance Marketplace offers you competitive options to shop and compare medical, dental, vision, life, disability, accident, and wellness insurance from leading providers, such as Blue Cross Blue Shield, Humana, Cigna, United Health One, Aetna, and more.

The CPA Insurance Marketplace is an exclusive opportunity available to sole practitioners, individuals, and employees of members. Employer accounts with defined contribution tools also will be available through the Marketplace. Read More…

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