EXPLAINING HEALTH CARE REFORM: Questions About Health Insurance Subsidies a Kaiser Family Foundation Report
EXPLAINING HEALTH CARE REFORM: Questions About Health Insurance Subsidies
Good health insurance is expensive, and its cost is out of reach for many lower and moderate income families, particularly
if they are not offered health benefits at work. To make coverage obtainable for families that otherwise could not afford it
and to encourage broad participation in health insurance, the Patient Protection and Affordable Care Act (PPACA) includes
provisions to lower premiums and cost-sharing obligations for people with low and modest incomes. The adequacy of this
assistance will be a key determinant of how many people will gain coverage and whether or not lower income people will be
able to use the health insurance they obtain.
This summary describes the financial assistance provided under PPACA for people purchasing coverage on their own
through health insurance exchanges. Expanded coverage for low income people through Medicaid and CHIP and new tax
credits for small businesses offering health insurance are addressed in other reports. Download and read the pdf document for more details....
Coming soon, more info on Covered California (formerly California Health Benefit Exchange).
Health Insurance Carrier Discount: 20% Rate Savings on Small Business Groups with 6+ Employees!
For new groups with effective dates of October 1, 2012, through December 15, 2012, have at least 6 employees,are in California. Our top carrier is offering a limited time discount of 20% off for new group health insurance plans. Some restrictions apply. Contact us for more info....
Call us at (800) 846-5902
We have new benefits available to GVIS business and individual clients. Our goal is to always present you with the best value possible for your insurance dollars. By working with GVIS Insurance & Benefits, you will receive additional benefits and services that will delight you.
NEW VEHICLE PURCHASING SERVICE
Celebrity Auto is a family-owned and operated auto broker/dealer that will get you ANY vehicle you like. From the initial consultation, an auto/broker dealer will work one-on-one with you to understand your preferences and requirements. They get the job done by finding you a fair price on a vehicle and financing if you need it. Servicing all of California from offices in Los Angeles County and Orange County. Clients receive personalized service and access to:
* Personal and business vehicles * Home or office delivery
* Multiple financing options, such * Upgrades and accessories, such
as refinancing, in house financing, as LoJack, GPS, extended
lease buy back, end of lease service contracts, and gap
finance, and sale lease back insurance
Contact Celebrity Auto for Preferred Pricing, New and Certified Vehicles, Delivered to your home or office.
Contact: Guy Mitchell, Phone: (562) 795-6666, www.celebrityautoleasing.com/
Tell him you are a client of GVIS Insurance.
Risk and Innovation: A Global Perspective
Featuring Lord Peter Levene, Chairman, Lloyd’s
Presented in partnership with Mihaylo College of Business and Economics, Center for Insurance Studies and the Insurance Industry Charitable Foundation
December 2, 2010 -
Notes from Mr. Levene’s Keynote Address:
(I do not guarantee 100% accurate, these are my personal notes):
The US Market is $12.5 Billion, 40% of Lloyd’s worldwide business.
California is the 2nd largest market for Lloyd’s in the US.
Lloyd’s did not suffer from the financial crisis, and had record profits in 2009. The organization maintains an Excellent financial strength rating.
Insurance Companies are stable. Even AIG, who was bailed out during the financial crisis, was stable in their insurance divisions. The financial division created the need for a bailout.
Insurance companies must have profits in order to be able to pay claims.
Lloyd’s has a 300 year history of innovation in insurance products, such as:
1895 Property for Earthquake
Lloyd’s has insured:
Fred Astaire’s Legs
Ugly Betty’s Smile
Steelers Football Player Troy Polamalu’s Hair
In 1906 The San Francisco Earthquake occurred. The local Lloyd’s agent wired London and asked what he should do. The response from Lloyd’s was exactly this, “Pay all of our policyholders all claims, irrespective of the terms of the policy.” $50 million was paid.
Lloyd’s has expert underwriters who can price the most complicated risks.
Insurance has played a very positive role in history, by requiring some risk reduction measures of their clients as follows:
Small pox coverage – required vaccination of clients, which save many lives.
Fire Insurance – Required preventative chimney cleaning.
Motorcycle Insurance – Required Helmets be work by riders.
For businesses - risk reduction and avoidance takes, foresight, planning, creativity and funding.
Lloyd’s works to understand the future needs of clients – i.e. cyber risks.
Company managers need to consider:
Future Energy and Water Shortages
Their amount of exposure to this risk
How to mitigate losses
Lloyd’s is expanding in China - First in reinsurance, and now as direct insurer.
One of Lloyd’s goals is to maximize profits, not revenue. They look at the bottom line, not the top line.
Lloyd’s has a department that works on Realistic Disaster Scenarios. They did not forecast the 911 attack; however, they did have a forecast for two 747 jets colliding over Manhattan, and their numbers were close the the monetary loss of the 911 attack.
GVIS Insurance News