Three Reasons Attorneys Don’t Insure Their Income (But actually should)

An attorney’s ability to work and earn an income is most likely his or her most valuable financial resource. With a 25% chance of becoming disabled before retirement1, Disability Insurance is a vitally important way for attorneys to replace a portion of their income if he or she can’t work for several months or more due to a disability. So why do so many attorneys not have Disability Insurance?

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New Member Benefits Tradeshow Banners have arrived.

New Member Benefits Banners have arrived just in time for summer annual convention season.

Come see us at our booth at:

  • State Bar of Georgia – June 5-8, Omni Amelia Island Plantation Resort, Amelia Island, FL
  • FICPA Mega Conference – June 11-14, Disney Contemporary Resort, Orlando, FL
  • The Florida Bar – June 25-28 – Gaylord Palms Resort, Orlando, FL
  • State Bar of Texas – June 26-27, Hilton, Austin, TX
  • Georgia Association of Convenience Stores – June 29-July 1, Ritz-Carlton, Amelia Island, FL
  • Florida Medical Association Annual Meeting – July 24-27, Hilton Bonnet Creek, Orlando, FL

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.

 

State Bar of Texas

Officials announce Texas Bar Private Insurance Exchange

How the State Bar of Texas is working to provide health care options to members.

Texas Bar Journal | October 2013 | texasbar.com | By: The Texas Bar Journal Staff

IN ANTICIPATION OF KEY ASPECTS OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT TAKING EFFECT IN THE UPCOMING MONTHS, the State Bar of Texas recently announced the Texas Bar Private Insurance Exchange, a multi-carrier private exchange exclusively designed for its members and their staff and dependents.

After carefully evaluating and comparing Private Exchange models offered by other state bars across the nation and models developed by third-party administrators and health insurance carriers, the State Bar of Texas Insurance/Member Benefits Subcommittee selected Florida-based Member Benefits Inc. to administer the Texas Bar Private Insurance Exchange. Member Benefits Inc., a third-party administrator, impressed subcommittee members with its successful history (more than 30 years) of specializing in association programs. The company currently provides services to more than 10 groups, including the Florida Bar, the State Bar of Georgia, the Florida Medical Association, and the Florida Institute of CPAs.

Member Benefits also maintains strong ties and relationships with A-rated national insurance providers, such as Cigna, Aetna, MetLife, Guardian, and United-HealthOne.

“The State Bar has been trying to find a way to deliver health insurance to its members for about the past seven years,” said Tim Kelly, Chairman of the Insurance/Member Benefits Subcommittee.

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