Category Archives: Personal Insurance
Medicare Part D Changes May Impact Creditable Coverage Status of Employer Plans
The Inflation Reduction Act of 2022 (IRA) includes several cost-reduction provisions affecting Medicare Part D plans, which may impact the creditable coverage status of employer-sponsored prescription drug coverage beginning in 2025. Employers that provide prescription drug coverage to individuals who … Continue reading
Health FSA Limit Increases for 2024
On Nov. 9, 2023, the IRS announced the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2024, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs … Continue reading
Insurance Explained: : What Are “Named Perils”?
When it comes to home insurance, policies can come with a lot of industry jargon. But it’s important to understand the different terms and coverage options available. One common term you may come across is “Named Perils.” These are specific … Continue reading
Fourth of July Safety Tips for Pet Owners and Homeowners
Fourth of July can be ruff for pets. While fireworks, grilling, and outdoor gatherings add a certain spark to our July 4th celebrations, they’re known to pose potential hazards for not just our furry friends, but for everyone if not … Continue reading
Alert to Dog Owners: Bite Claims Getting More Expensive
While the number of dog bite claims has dipped, the cost of dog bite claims has been growing significantly, new data from the Insurance Information Institute shows. Last year, the number of claims decreased 2.2%, but claim costs grew 32% to … Continue reading
ARE YOU PREPARED?
The Cost of Flooding It’s flood season, and if your area is affected by a flood, you could be left with some financial liability. How much exactly? This article explains: https://bit.ly/3EGvrcG Do You Know Your Flood Risk? Everyone is at … Continue reading
S-M-A-R-T Tips for Preventing Distracted Driving
As the parent of a new teen driver, there’s plenty to worry about. You might question your teen’s skills behind the wheel. Or you’re concerned they’ll become distracted by a cellphone, other passengers or trying to eat while on … Continue reading
Preventing water claims with your HVAC system
As the temperatures continue to rise, so do the number of claims seen due to a/c drain line overflow. While some of these claims can be costly, most of them could be prevented with routine inspections and maintenance. Here are … Continue reading
Pandemic and Drug Overdoses Drive U.S. Life Expectancy Down 1.5 Years
A new report from the Centers for Disease Control and Prevention (CDC) revealed that life expectancy in the United States dropped from 78.8 years in 2019 to 77.3 years in 2020. The decline in life expectancy was the largest one-year … Continue reading
Benefits of Health Insurance
Provided to you by Hoffman Insurance Group, LLC This is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
