Focus Benefits Flash

Cadillac Tax: Commentary from Bill Weaver, Focus Benefits Group

The Cadillac tax is based on premium, not benefits so the first reaction should be how many employers will try to fire everybody over age 40 to get premiums under the threshold. Premium volume is not a measure of how rich a plan is. Continue reading

How your ‘In Network’ Medical Policy Works

Do you know the terminology in your Medical Plan? Bill Weaver, Managing Director of Focus Benefits Group in Phoenix, AZ provides a step by step explanation of the components in the standard ‘In Network’ Medical Policy like Deductible, Co-Insurance, Maximum Out of Pocket Cost and Co-pay. Terms you need to be aware of so you know how they affect you! Continue reading

What is Self Funded Insurance?

Bill Weaver, Managing Director of Focus Benefits Group in Phoenix, AZ, simplifies the idea of Self-Funding in Health Insurance and provides a step by step explanation to save you money. Continue reading

ACA (Affordable Care Act) Health Insurance Enrollment Period and Deadline

The enrollment period and deadline for the ACA (Affordable Care Act) Health Insurance Plans is approaching quickly. Bill Weaver of Focus Benefits Group in Phoenix, AZ will give you resources for more information and important dates to remember. Continue reading

Critical notice – What is full time employment? It depends on how they vote in congress – TOMORROW!

One of the most common questions I get is will Congress do anything about “Obama care” now that they have gone back in session? My response has always
been the same; do not expect the ACA to be thrown out but you may see a move back to 40 hours as the definition of full-time employment. Well they have been
back in session less than a week and it is one of the first things they are undertaking. Continue reading

Employee Benefit Plans: Compliance Documents

Bill Weaver of Focus Benefits Group in Phoenix, AZ explains the SBC (Summary of Benefits and Coverage), the SPD (Summary Plan Document), SMM (Summary of Material Modification) and Exchange Notice. These are all compliance documents that you need to be aware of if you have an Employee Benefit Plan. Continue reading

My insurance agent gets paid by the insurance company – right?

No advice of real quality is provided for free. The process to become really qualified in any field is expensive and time consuming. You do not expect the best medical, legal or tax advice for free and it should be the same for your Life and health insurance. Continue reading

Today I was Honored!

On Tuesday I received a call from a person looking for help with their personal medical insurance. Like many people they had tried the .gov web site and spoken to somebody who just confused them. “I felt I was not getting good advice.” Continue reading

Appearance over reality. How are you insured?

To properly make decisions you must be capable of critical thinking and you must have the ability to “Gore your own ox” now and then. That means you do not deal in the appearance of justice or insurance, you always support real justice based in real evidence and you only buy “real” insurance based on need and real risk. Continue reading

Words of Wisdom: Self-funded Insurance

“It seems like there is another company entering the self-funded arena every week; companies that a few years ago wouldn’t even quote a group because it was too small or, it wasn’t “credible.” Now in order to maintain or to attain market share, they want you to sell level funded, self-funded plans down to 25 or maybe even 10 lives. It’s funny how these groups all of a sudden became credible. Probably something to do with $$$$.
Continue reading