19 October 2017 In Blog style

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19 October 2017 In Blog style
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

On October 12, 2017, President Trump signed an executive order affecting the ACA, following Congress’ failure to pass legislation repealing the law. Specifically, the executive order would make changes to certain ACA rules by expanding access to association health plans, health reimbursement arrangements (HRAs) and short-term, limited-duration insurance.

The executive order does not, itself, make any specific changes to existing regulations. Instead, it directs federal agencies to issue new regulations or guidance to implement the order’s policies. As a result, it is difficult to know how any existing ACA regulations will be specifically impacted before any further guidance is issued.

In any case, the immediate impact of the executive order will likely be very small, since it will take time to implement policies, regulations and other guidance to carry out these changes.
In addition, The White House announced that, effective immediately, it will no longer reimburse insurers for cost-sharing reductions made available to low-income individuals through the Exchanges under the ACA. Because Congress did not pass an appropriation for this expense, the Trump administration has taken the position that it cannot lawfully make the cost-sharing reduction payments. It is important to note that this change does not impact monetary subsidies on the Exchange. Those are still in place. This is only for the cost sharing reduction which offsets out of pocket expenses (benefit levels) for those making up to 250% of the poverty level. Keep in mind that this DOES NOT impact employer sponsored group health plans – only the individual market.

17 October 2017 In Blog style
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

Insuring Your Condominium or Co-op Apartment

When it comes to insuring your condominium unit or co-op apartment, just having a “piece of the rock” may not be enough. It’s the peace of mind of knowing you are insured correctly in conjunction with your association’s insurance coverage that will allow you to sleep soundly at night.

Every homeowners’ association, condominium or cooperative has governing documents including insurance bylaws dictating how the buildings should be insured. Unfortunately, there is quite often ambiguity as it relates to how the building should be insured from the perspective of the association’s insurance policy and what the unit owner or shareholder is expected to insure within their home.

In an effort to clarify this confusing subject, here are some useful guidelines you can use as a starting point to communicate how your buildings are to be insured and what residents should include in their individual HO6 policies.

10 October 2017 In Blog style
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

Employers who provide prescription drug coverage to plan participants (employees and dependents) are required to notify those that may be eligible for Medicare whether their prescription drug coverage is “creditable coverage”, which means that the benefits are expected to pay on average as much as the standard Medicare prescription drug coverage. This Notice must be distributed by October 14. Please let me know if you need a copy of the Notice in English and/or Spanish.

Additionally, all employers are required to report their plan status to the Centers for Medicare and Medicaid Services (CMS) on an annual basis.

10 October 2017 In Blog style
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

Preparation, Preparation, Preparation

Passion is an intense emotion or a very strong feeling about a person or thing or a positive affinity towards a subject. Anyone who knows me knows I have a passion and consider myself blessed because of it. I have a passion for saltwater fishing that has led to a passion for tournament fishing. In tournament fishing, you are putting yourself up against the best-of-the-best of like-minded individuals with the goal of being one of the best that day. While fishing is typically an individual effort, tournament fishing is a team sport where you rely on all team members to do their jobs and “boat the fish.” I typically tournament fish with the same team of 5–7 guys whom I know I can rely on and who have a similar passion as I do.

We’ve fished a number of tournaments over the years and for many years without much success. I knew we were all good fishermen and didn’t understand the lack of success we were experiencing. We were “weekend warriors,” many times going up against full-time crews, professional mates, and captains with much more time on the water than us. I felt we should be finishing higher or, at the very least, better than other “weekend warriors.” What was it that allowed equally talented people to have greater success than we were having? Was there something they did that we didn’t do, or do as well?

03 October 2017 In Blog style
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

Risk and BusinessWelcome to the fall issue of JGS Insurance Risk & Business Magazine. Our focus is to bring you a wide variety of content to help you grow your business and be successful. We offer you timely content from both local and national writers. We appreciate all of the positive feedback that you have shared with us and hope that you continue to give us feedback and ideas going forward. Please continue to reach out to us at info@jgsinsurance.com.

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