MHG Insurance Brokers Blog

5 Things You May Not Know About the Affordable Care Act


shutterstock_11992981_jpgAffordable Care Act (ACA) Open Enrollment is upon us! Being that Open Enrollment is less than a month away, we at MHG thought this would be a great time to bring light to some things you may not know about ACA, and some things that may be changing from last year.

As many of you may be looking to get an Affordable Care Act insurance plan, there are some things you may want to know before you make your decision. Most importantly: you can’t sign up for insurance all year long. Unfortunately, you can’t wait until you are sick or injured to get an ACA plan. So in order to get coverage for 2015, you must sign up for a plan during the slotted time known as Open Enrollment, which begins November 15, 2014 and ends February 15, 2015. Here are five other things about ACA that could save you time, money and annoyance: Continue reading

Why do I need Marine General Liability? I have Commercial General Liability. Isn’t that enough?

Marine General LiabilityFirst, let’s define Commercial General Liability and Marine General Liability.

Commercial General Liability

Commercial General Liability policies protect business owners against claims of liability for bodily injury, property damage, and personal and advertising injury (slander and false advertising).

Marine General Liability

Marine General Liability policies are the same as General Liability policies except they are designed specifically for those who work at sea. These policies include coverage for Marine Contractors and others who work on or near water.

Commercial General Liability does NOT cover Marine  Liability

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What Are My Life Insurance Options?

MHG can find Life Insurance to protect you and your loved ones

Do you have Life Insurance? Do you ever wonder what will happen to your family if anything ever happens to you?

If you do have Life Insurance, you don’t need to ask yourself questions like that. The problem is not everyone has life insurance. Many don’t even see it as an option because they think it is too expensive. However, that isn’t the case. There are plenty of ways to secure your family without going broke. Continue reading

How to avoid choosing an ACA plan your doctor won’t accept.

MHG47You bought insurance under the Affordable Care Act and now can’t find a doctor who’ll take it. Why?

The Affordable Care Act was enacted in 2010  with the idea that it would provide the opportunity for all Americans to access the health care they needed, regardless of medical history, age or income. Despite heavy criticism and an awkward start, the initial enrollment period was considered a success with over 7 million people signing on,* of which approximately half were previously uninsured. (Morgan, “Obamacare enrollment to surpass 7.5 million: U.S. official”, 2014) Continue reading

October is National Breast Cancer Awareness Month

Breast Cancer Awareness Month

October is National Breast Cancer Awareness Month

October is a special month dedicated to women across the globe. This month, marked in a variety of countries worldwide, helps increase awareness, support and education about breast cancer. National Breast Cancer Awareness Month, or NBCAM, was founded in 1985 by the American Cancer Society and Imperial Chemical/AstraZeneca, a pharmaceutical developer of several breast cancer drugs. The original mission was to promote mammography as an effective weapon women should use in the fight against breast cancer.  Continue reading

Yacht Crew Resume Guide and Helpful Tips

resume imageThe yachting industry is entering a busy season of boat shows and symposiums. Our yacht crew insurance clients, especially captains, have been chatting with us about the best ways for crew to find their perfect job. With their help we have put together the following tips on creating the perfect multi-national resume for the marine industry.

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5 Things to Know When Buying Life Insurance

5 Things to Know When Buying Life InsuranceLife insurance provides a number of valuable benefits. It can protect our assets, provide a way to make charitable contributions, and perhaps most importantly, it is the one way we can make sure our loved ones’ needs will be taken care of long after we are able to look after them ourselves. While the majority of adults realize the importance of buying life insurance, lack of knowledge about the process may cause some to put off purchasing this essential coverage until it is too late. Purchasing life insurance may seem complicated, but in reality, it doesn’t have to be. Read on to learn 5 things to know when buying life insurance: Continue reading

What Is Gap Insurance and When Is It Necessary?

What Is Gap Insurance and When Is It NecessaryEmployers today are faced with a challenging task as they try to balance the need to contain rising health care costs with their responsibility to provide their employees with affordable coverage. While plans with higher deductibles and/or higher copays can effectively keep health care costs in check, conscientious employers may be concerned that these HPHC plans will leave their employees facing financial burdens they will be unable to meet. Gap insurance plans give employers a way to provide their employees with a financial safety net. If your company is considering adding an HPHC plan to your coverage offerings, it may be time for you to investigate gap insurance benefits more closely. To aid you in your task, we provide the following answers to common questions about gap insurance and the benefits it provides. Continue reading

Hard to Place Workers Compensation Insurance Solutions

Hard to Place Workers Compensation Insurance SolutionsAs a business owner, you are required to provide workers’ compensation insurance coverage for your employees if your company has more than four employees. In most cases, obtaining the required coverage is not difficult; you simply consult with a qualified workers’ compensation insurance specialist to determine the amount of coverage you need; compare policies, coverage terms, and prices; then purchase the coverage that best fits your situation. If your business has been classified as a high hazard class of business or has a high experience modification, however, finding reasonably priced workers’ comp insurance becomes much more challenging. At MHG Insurance Brokers, we provide a full range of coverage for businesses that are not eligible for standard workers’ comp insurance plans. Continue reading

U.S. Health Insurance: Understanding Out of Network Benefits

U.S. Health Insurance: Understanding Out of Network BenefitsManaged care network plans have become prevalent in recent years, with most U.S. Health Insurance companies including at least one PPO, POS, or HMO plan among their offerings. If you are considering a managed care plan for your family, deciding which type of plan is best can seem like a bewildering task. Actually, it comes down to one main issue: out of network benefits. HMO plans only offer in network benefits, while POS and PPO plans include both in and out of network benefits, albeit with different conditions and payment rates. Some facts about out of network benefits that may help you when considering your policy choices: Continue reading

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