You are receiving this email from FJG because you are a FJG client or have subscribed on our website. To ensure that you continue to receive emails from us, add mmeilleur@fjgfinancial.com to your address book today.
 |
 |
 |
 |
In This Issue
Promoting Preventive Health Services
In Other News
Quick Facts About Catamount Health
Act 191, the Catamount Health Plan was signed into law in June 2006. As the program continues to evolve, we are finding there will be significant changes to the face of health care coverage in Vermont that will impact all Vermont business owners and their employees.
Dear FJG Client,
Welcome to our first issue of FJG/Navigator, a bimonthly eNewsletter from the Fleischer Jacobs Group. Our newsletter is designed to inform and educate you on up to date information addressing economic, social, regulatory, and financial issues that are transforming healthcare management, employee benefits, and retirement planning today.
In this issue we have several articles we think will be of interest to you. One talks about the "perceived advantages and disadvantages" of employing an aging workforce, another is about how employers' can promote preventive health services in the workplace when 75% of healthcare costs are due to chronic illness. Compliance with Federal laws relative to Employee Benefits is always a concern of employers and this issue has an article with several FAQ's on this important topic. And finally we have an article outlining the options available for Limited Medical plans.
We hope you enjoy the compilations of the various subjects offered. Please do not hesitate to call us for more information or advice on any of the subjects you are interested in learning more about.
Sincerely,
Your Fleischer Jacobs Group Associates
Industry Highlight
The Aging Workforce:
Perceived Advantages and Disadvantages
It has been widely reported that the American workforce is experiencing a major demographic shift, largely based on the Baby Boomer generation reaching retirement age. According to a recent study, nearly 20% of the US workforce will be age 55 or older by 2012, up from just under 13% in 2000.
Promoting Preventive Health Services
According to the National Business Group on Health, research has shown that approximately 75% of all healthcare costs are the direct result of preventable chronic health conditions. In addition to putting a strain on healthcare budgets, chronic disease is also a leading cause of disability and lost productivity.
Benefits Compliance FAQ
Q. Can an employer charge a higher health insurance premium for a smoker vs. a nonsmoker?
A. HIPAA prohibits a health plan from charging individuals different premiums based on a health status or standard (26 USC 9802 (b)). However, there is an exception when provided under a wellness program. The wellness program would need to comply with the Final Nondiscrimination and Wellness Program Regulations jointly issued on December 13, 2006 by the Department of Labor, Department of Health and Human Services, and Department of the Treasury.
Limited Medical
Deciding on the Right Plan
The limited medical market continues to grow as more and more employers address the need to provide basic medical benefits for employees as they wait to become eligible for a major medical program. These products offer the dual benefit of controlling group medical costs and providing first dollar benefits to entice employees to stay on.
Do you have a friend or associate you think might be interested in this issue?
Then
Fleischer Jacobs Group
620 Hinesburg Road, PO Box 2343
South Burlington, VT 05407-2343
P 802.865.5000 | F 802.865.4919
www.fjgfinancial.com
© 2007 Flesicher Jacobs Group
This email was sent to [email]
*Securities offered through Registered Representatives of NFP Securities, Inc. Member NASD/SIPC. **Investment Advisory Services offered through Investment Advisor Representatives of NFP Securities, Inc. a Federally Registered Investment Advisor Notice: This e-mail message and any attachment to this e-mail message may contain information that is confidential, proprietary, privileged, legally privileged and/or exempt from disclosure under applicable law. If you are not the intended recipient, please accept this as notice that any disclosure, copying, distribution or use of the information contained in this transmission is strictly prohibited. National Financial Partners Corp. reserves the right, to the extent and under circumstances permitted by applicable law, to retain, monitor and intercept e-mail messages to and from its systems. Any views or opinions expressed in this e-mail are those of the sender and do not necessarily express those of National Financial Partners Corp. Although this transmission and any attachment are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by NFP, its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you have received this e-mail in error, please immediately contact the sender by return e-mail or by telephone at 212-301-4000 and destroy the material in its entirety, whether electronic or hard copy format. *Securities and Investment Advisory Services offered through NFP Securities, Inc.,
a Broker/Dealer, Member NASD/SIPC and a Federally Registered Investment Advisor.
Fleischer Jacobs Group is an affiliate of NFP Securities, Inc., and a subsidiary of
National Financial Partners Corp., the parent company of NFP Securities, Inc. |