Workers Comp rates: Getting Kicked Up, Again...
Little claims don't do much, other than raise your ExMod, or close potential workers comp markets to your company. Yes, that's bad, but, you always have SCIF in CA... so that's kinda good...kinda...
The Kickers are SHOCK Losses and the Long Term Disabled... Shock losses are massive claims due to gross injury, paid all at once. LTD can have 1,000s of causes, but ultimately, LTD is a massive claim, but paid out over years and years.
Hopefully, these guys will get it sorted.
Monday, January 07, 2013
Wednesday, January 02, 2013
Where will you SCORE/GET HIT with Insurance Costs in 2013...
If you're looking to save money on Insurance this 2013, here's how:
1. Consolidate all your personal lines with one carrier. "Huh?" Call me.
2. Get a Rugby Supplemental/Accident Only plan. Got $10,000 laying around?
3. If you OWN a business: General Liability and Business Auto rates are good right now... Again, Call me.
Where you're going to get HIT with Insurance Costs in 2013:
1. Workers Comp: Business Owners, the Prop will Fall on You... Have you checked your ExMod lately?
2. Health Insurance: Expect either your employer to ask you for a bigger contribution, drop benefits entirely, or just a simple 30-40% increase... Yes, your LineOut Lifters just dropped you...
3. OLD Ruggers: Long Term Care insurance. This is for the 50+ crowd. Get it, NOW.
Tax-wise, $1,000,000,000,000 (that's 1 Trillion), gets taken this year by the Feds to pay for Obamacare, which doesn't technically start til 2014. Plus, your wages will get pinged another 2%. So, you'll have less money in 2013 if all else stays the same.
Your only recourse is to score multiple tries... Or, make more money.
1. Consolidate all your personal lines with one carrier. "Huh?" Call me.
2. Get a Rugby Supplemental/Accident Only plan. Got $10,000 laying around?
3. If you OWN a business: General Liability and Business Auto rates are good right now... Again, Call me.
Where you're going to get HIT with Insurance Costs in 2013:
1. Workers Comp: Business Owners, the Prop will Fall on You... Have you checked your ExMod lately?
2. Health Insurance: Expect either your employer to ask you for a bigger contribution, drop benefits entirely, or just a simple 30-40% increase... Yes, your LineOut Lifters just dropped you...
3. OLD Ruggers: Long Term Care insurance. This is for the 50+ crowd. Get it, NOW.
Tax-wise, $1,000,000,000,000 (that's 1 Trillion), gets taken this year by the Feds to pay for Obamacare, which doesn't technically start til 2014. Plus, your wages will get pinged another 2%. So, you'll have less money in 2013 if all else stays the same.
Your only recourse is to score multiple tries... Or, make more money.
Thursday, December 27, 2012
No Health Insurance, and Jacked UP Workers Comp rates...2013!
In a classic gov't move, a local school district dropped a set employees down to 3/4s time. Why? According to the new O-care rules, they won't have to provide health insurance, AND it'll save them money on their Workers Comp insurance. Oh, the Irony of a Local Gov't adjusting to a Fed Gov't ruling. Ha!
We're seeing a 30-40% rate increase in Workers Comp rates. Oh, and your Health Insurance should double in 2013. That's if your employer keeps it...
Happy now?
We're seeing a 30-40% rate increase in Workers Comp rates. Oh, and your Health Insurance should double in 2013. That's if your employer keeps it...
Happy now?
Thursday, December 13, 2012
Blue Shield CA Kicks Ups Health Insurance Rates
Dude?
So, you're accepting less people, and those you do take, you're asking for more money?
RI is FOR "Medicare for All." Yeah, you read that right... Why? Because of three reasons:
1. Supplemental Insurance, like VBA, will become popular, especially with Rugby Players.
2. Concierge Medicine, like One Medical, will become popular, especially with Rugby Players.
3. Local City and State Budgets will be saved, like Stockton or Detroit, since the health care portions of gov't employee contracts will go the way of "Pulling Down Mauls."
4. General Liability Insurance, like what you need to get a pitch, won't have an Accident & Health Insurance requirement, saving rugby associations buku money.
Blue Shield CA, and Blue Cross, are not long for this world. Get on Kaiser, and/or Supplement with VBA.
So, you're accepting less people, and those you do take, you're asking for more money?
RI is FOR "Medicare for All." Yeah, you read that right... Why? Because of three reasons:
1. Supplemental Insurance, like VBA, will become popular, especially with Rugby Players.
2. Concierge Medicine, like One Medical, will become popular, especially with Rugby Players.
3. Local City and State Budgets will be saved, like Stockton or Detroit, since the health care portions of gov't employee contracts will go the way of "Pulling Down Mauls."
4. General Liability Insurance, like what you need to get a pitch, won't have an Accident & Health Insurance requirement, saving rugby associations buku money.
Blue Shield CA, and Blue Cross, are not long for this world. Get on Kaiser, and/or Supplement with VBA.
Monday, December 10, 2012
Monday Morning Bruises: You PAY for your OWN mistakes...
Ah, sitting at the desk on Monday morning, less than 48 hours after 80 minutes of rugby and countless beers... A precious feeling!
Now, the mistakes you made on the pitch... there's no one but you to blame... fact.
How the hell is this related to insurance? Because many believe insurance is designed to pay for your mistakes. No. no. NO!
Example: General Liability is there in case you get sued. Don't get sued, and you'll never use the insurance. (IMHO, that's why you buy it...) You can get sued without screwing up.
Another Example: Deductibles on Health Insurance: If you play rugby, and get hurt, you're going to pay for some part of the medical services, simply because you CHOSE to play. "What do you mean that's not covered?" Ha!
Final Example: Cheap Auto Insurance. You buy the cheapest shit out there, you get in an accident, car goes bye bye... "Wait? I had insurance!" Um, no, you had what your State required, and nothing more...
So, that bruise on your arm from a bad guy's thumb, or the rake on your leg from a prop's boot... your problem.
Now, the mistakes you made on the pitch... there's no one but you to blame... fact.
How the hell is this related to insurance? Because many believe insurance is designed to pay for your mistakes. No. no. NO!
Example: General Liability is there in case you get sued. Don't get sued, and you'll never use the insurance. (IMHO, that's why you buy it...) You can get sued without screwing up.
Another Example: Deductibles on Health Insurance: If you play rugby, and get hurt, you're going to pay for some part of the medical services, simply because you CHOSE to play. "What do you mean that's not covered?" Ha!
Final Example: Cheap Auto Insurance. You buy the cheapest shit out there, you get in an accident, car goes bye bye... "Wait? I had insurance!" Um, no, you had what your State required, and nothing more...
So, that bruise on your arm from a bad guy's thumb, or the rake on your leg from a prop's boot... your problem.
Thursday, December 06, 2012
Obamacare, and the Rugby Player: Health Insurance Rates to Double in the next 2 years...
If you're under 40, and playing rugby, you're health insurance will DOUBLE in the next 2 years...
Now, if you're employer provides health insurance, and there are more than 50 employees in your company, expect benefits to either be dropped, your hours reduced, or people (maybe YOU) getting laid off.
But Wait! Didn't Consumers see 1.5 Billion in tangible savings because of Obamacare? Yes, they did.
That money came from somewhere... And, as long as insurance companies operate on a profit, that cost will either be passed on as future premium increases, or lower payments to medical service providers. Also, the O-care rules force insurance companies to age rate at x3 instead of x5 for older people. Thus, the young will pay for the old.
What can a Rugby Player Do? Get a supplemental plan for Rugby if you have employer health insurance. Do NOT rely on USA Rugby's program, as it's NOT designed to act as a primary health plan, and you'd only be screwing other rugby players who follow the rules. (Yes, you should NOT be playing if you don't have primary health insurance...) If you're pissed that your health insurance rates are increasing, well,... that's a political problem... figure that out yourself.
Now, if you're employer provides health insurance, and there are more than 50 employees in your company, expect benefits to either be dropped, your hours reduced, or people (maybe YOU) getting laid off.
But Wait! Didn't Consumers see 1.5 Billion in tangible savings because of Obamacare? Yes, they did.
That money came from somewhere... And, as long as insurance companies operate on a profit, that cost will either be passed on as future premium increases, or lower payments to medical service providers. Also, the O-care rules force insurance companies to age rate at x3 instead of x5 for older people. Thus, the young will pay for the old.
What can a Rugby Player Do? Get a supplemental plan for Rugby if you have employer health insurance. Do NOT rely on USA Rugby's program, as it's NOT designed to act as a primary health plan, and you'd only be screwing other rugby players who follow the rules. (Yes, you should NOT be playing if you don't have primary health insurance...) If you're pissed that your health insurance rates are increasing, well,... that's a political problem... figure that out yourself.
Tuesday, December 04, 2012
Business Owners: CGL and WC to increase in 2013...
Doing business properly insured will get more expensive in 2013.
From a Commercial General Liability perspective... This is normal, since the market has gone SUPER soft in the last 3 years... just when I went full time... heh heh... Remember, a CGL premium is based on revenues usually, and the 1,000s are multiplied by a rate, defined by what the business does. I've seen classes at $12 rates down to $5 rates... (Example: If you make 100k, and the class rate is $12, you pay $1,200 for CGL, roughly, not including potential taxes and fees. Imagine the rate drop to $5, and that's $500... make sense?)
So, the bounce up is normal.
From a Workers Compensation perspective... Again, normal. Good economy, lot's of players get into the market, cutting rates. Economy goes to shit, claims go up, revenues dry up, and boom, workers comp rates go up. We call this...economics... perhaps you've read about that in HS Civics class?
So, how do you keep the costs down, without exposure to lawsuits? Easy....
...call me.
From a Commercial General Liability perspective... This is normal, since the market has gone SUPER soft in the last 3 years... just when I went full time... heh heh... Remember, a CGL premium is based on revenues usually, and the 1,000s are multiplied by a rate, defined by what the business does. I've seen classes at $12 rates down to $5 rates... (Example: If you make 100k, and the class rate is $12, you pay $1,200 for CGL, roughly, not including potential taxes and fees. Imagine the rate drop to $5, and that's $500... make sense?)
So, the bounce up is normal.
From a Workers Compensation perspective... Again, normal. Good economy, lot's of players get into the market, cutting rates. Economy goes to shit, claims go up, revenues dry up, and boom, workers comp rates go up. We call this...economics... perhaps you've read about that in HS Civics class?
So, how do you keep the costs down, without exposure to lawsuits? Easy....
...call me.
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