Insurance changes to New Jersey’s disability insurance pool make coverage more affordable

New Jersey’s disability insurance fund will see some changes in the coming months, according to Governor Chris Christie. This week, the Governor announced that state employees can expect to see lower premiums for the state’s disability insurance pool. The Governor believes that state workers have been paying more than is necessary to keep the program afloat and has teamed with the commissioner of the Department of Labor and Workforce Development, Harold Wirths, to make changes to the state-run program. Currently, the state withholds funds from workers’ paychecks to cover the…

Read More

How proper insurance planning can save a financial life

Breast cancer awareness month, October, is reminding people of the importance of proper insurance in order to protect themselves, their businesses, and their financial wellbeing in the case that they should receive a cancer diagnosis. Current statistics show that one out of every eight women will receive a diagnosis of breast cancer in their lifetimes, and the impact on their financial lives can be catastrophic. The Macmillan Cancer Support Charity’s data shows that among all cancer sufferers, 36 percent must face a significant decrease in their household income following a…

Read More

Long-Term health care plan axed by the Department of Health and Human Services

Last week, the Obama administration announced that it will be cancelling the long-term care insurance program that would have been created from the Affordable Care Act. The program, known as Community Living Assistance Services and Supports (CLASS), would have brought aid to those suffering from chronic illness and disability, was determined to be a detriment to the overall economic health of the nation, leading Kathleen Sebelius, secretary of the Department of Health and Human Services, to discontinue the program. Opponents of the Affordable Care Act claim this as a major…

Read More

Pregnancy disability insurance in California has been extended

New legislation in California will mean that employers will be required to extend their pregnancy, childbirth, or related medical condition, disability insurance coverage for workers for up to up to 16 weeks. Senate Bill 299 was signed into law by Governor Jerry Brown and will become effective on January 1, 2012. It will require employers to provide continuous health insurance coverage for up to 16 weeks for workers that are disabled due to pregnancy on the same grounds as they would before a they had taken any leave of disability.…

Read More