Monday, December 20, 2010

Health Savings Accounts - HSA Health Insurance Plans

What is an HSA?
A Health Savings Account, or HSA combines high deductible health insurance with a tax-favored savings account, similar to a 401(k). Money in the savings account helps pay the deductible. If the deductible is met, the insurance starts paying. Money left in the savings account earns interest and is yours to keep or spend on qualified medical expenses. There is no “use it or lose it” restriction with an HSA.


What are qualified medical expenses?
HSA savings can be used to pay for many types of medical expenses beyond what is covered by your insurance plan. These expenses include dental services, vision, alternative medicine, long-term care services, prescription drug and certain over-the-counter drugs.


Who is eligible for an HSA?
Anyone who is not entitled to Medicare can accumulate tax-favored savings for healthcare needs. You must have a qualified high deductible plan to receive the benefits. The current minimum deductible amounts are $1,100 for a single and $2,200 for a family. HealthPlanOne clearly identifies plans that qualify for HSA tax savings accounts. Simply use our Refine Search tool to include only HSA’s.

There are 2 steps to setting up an HSA:
Select and apply for a qualified HSA health plan
Wait for your application to be approved
Set up an HSA tax favored savings account with your insurance carrier or our affiliate.
If you contribute money to your HSA account, your health coverage could be FREE!
Assume that you are a self-employed individual. You purchase an HSA policy and make a significant tax-free contribution. The resulting tax savings might pay for the health care premium!

It would work like this. You purchase an individual HSA policy with a $2,500 deductible for $1,400 per year. You then contribute the maximum $2,500 to your HSA account. The tax savings would be $1,380, very close to the cost of a high deductible medical policy: Annual Cost Tax Bracket Tax Savings
Insurance Premium $1,400 45% $630
HSA Contribution $2,500 30% $750
Total Savings $1,380


Even if you incur $500 health care expenses for the year, you still will have paid for the cost of the policy with tax savings and have $2000 of your savings in an tax preferred, investment account.

The example assumes you have a combined federal and state tax rate of 30% and an additional self-employed payroll tax of 15%. Tax rates will differ based on your situation.

To find out which plans qualify for HSA treatment, simply search the plans and then use our Refine Search tool to include only HSA's

For more information contact us at
www.mjfinsuranceagency.com

Buying Health Insurance - How to Get the Best Health Insurance Plan for You

Buying health insurance is one thing, but buying the best health insurance for you can be tricky, especially when there are so many options and so many factors to consider. Before you get health insurance, you will probably want to create a health insurance comparison sheet. You can break down each plan by cost and benefit. Below are some important constituents that make up health insurance plans.

Important items to consider when buying health insurance:

The hospital and physicians that are in the network of the plan you choose.
You can start your health insurance comparison by asking yourself if you have a favorite hospital or physician. You'll want to make sure they are included in the network of any plan you consider purchasing.

Doctor visit copay.
When you get health insurance, a number that will often come into play is your plan's copay. The copay is the amount you will pay each time you visit the doctor.
Prescription benefit and copay.

Some plans do not include prescription drug benefits-you'll want to keep this in mind while you make your health insurance comparison. If coverage is included, the copay is the amount you will pay per prescription. The copay often differs depending on whether the drug is generic, preferred, or brand name. Before buying health insurance, you should calculate your current and estimated future cost of medications and determine your best value.
Annual deductible.

This is the annual amount of medical expenses that you are responsible for before your insurance begins paying. Usually, prescription drug copays mentioned above do not go towards this deductible.
Coinsurance.

Another factor you will want to consider in your health insurance comparison is the plan's coinsurance--the amount your carrier expects you to pay toward your medical expenses-typically this is 20-30% for in-network providers. The coinsurance amount is typically 20% high for out-of-network providers. The coinsurance maximum is the limit on how much coinsurance you might have to pay each year.
Out of pocket annual maximum.


Buying health insurance will always involve some amount of out of pocket maximum. The out of pocket maximum is the most you will be expected to incur annually. It is the sum of your deductible and maximum coinsurance amount.

Contact us for a quote at
www.mjfinsuranceagency.com

Lifetime maximum coverage.
After you get health insurance, your plan will pay out a certain amount over your lifetime. Typically this number is $1 million to $5 million. With the high cost of medical care it can be beneficial to have a higher coverage amount.

Premium.
Perhaps the most basic number to consider before buying health insurance, your premium is the amount you must pay each month for your policy. Premium is impacted by all of the attributes above. For instance, if you get a health insurance plan with a higher deductible policy, your premium will be lower, but you will have to pay more money out of pocket before your insurance kicks in.

HSA Qualified Plans.
HSA's are high deductible health plans which enable you to put money aside pre tax to pay for certain medical expenses. Most people like to weigh the costs and benefits of HSA's in their health insurance comparison.

Remember, it is one thing to get health insurance, but it is another to be sure you are purchasing the best available plan. If you have any questions about any of the above factors, a broker can walk you through each item.

Economist: Trucking sector improves in second half of 2011 | The City Wire

Economist: Trucking sector improves in second half of 2011 | The City Wire

OSHA extends comment period for proposed new interpretation of its provisions for Feasible Administrative or Engineering Controls of Occupational Noise - 12/20/10

OSHA extends comment period for proposed new interpretation of its provisions for Feasible Administrative or Engineering Controls of Occupational Noise - 12/20/10

Thursday, December 16, 2010

Why Carrying The Minimum Required By Law May Not Be A Good Choice For You When It Comes To Underinsured / Uninsured Motorist Coverage

underinsured motorist coverage Definition

We always Recommend Having $100/300,000 in coverage. Do you know how much coverage you have on your auto policy? Chances are if your like most drivers you aren't sufficiently covored. Contact us for a quote today to fully protect you, your family and your car.

Tuesday, December 14, 2010

Kiss It Goodbye: CPR Loses Mouth-To-Mouth | WBUR

Kiss It Goodbye: CPR Loses Mouth-To-Mouth | WBUR Get Certified or Recertified Online for C.P.R. and more at www.mjfonlinecpr.webs.com

Social Media More Important Than Ever For Small Businesses - Small Business Marketing News - Small Business News - Entrepreneur Resources

Social Media More Important Than Ever For Small Businesses - Small Business Marketing News - Small Business News - Entrepreneur Resources

Prevent NJ Doctor Shortage - Step Up Medical School Funding, Improve Business... -- LAWRENCEVILLE, N.J., Dec. 14, 2010 /PRNewswire/ --

Prevent NJ Doctor Shortage - Step Up Medical School Funding, Improve Business... -- LAWRENCEVILLE, N.J., Dec. 14, 2010 /PRNewswire/ --

Pennsylvania Insurance Department: Holiday Season and Homeowners Coverage Can Go Hand-in-Hand -- HARRISBURG, Pa., Dec. 13, 2010 /PRNewswire-USNewswire/ --

Pennsylvania Insurance Department: Holiday Season and Homeowners Coverage Can Go Hand-in-Hand -- HARRISBURG, Pa., Dec. 13, 2010 /PRNewswire-USNewswire/ --

Federal Motor Carrier Administration's CSA 2010 Launches | GPS Fleet Tracking / GPS Fleet Tracking System / Green Fleet Management

Federal Motor Carrier Administration's CSA 2010 Launches | GPS Fleet Tracking / GPS Fleet Tracking System / Green Fleet Management

Truck techs getting even tougher to find

Truck techs getting even tougher to find

Workers Comp Kit Blog Workers

Workers Comp Kit Blog Workers
M.J.F. Has carriers to place your Workers Compensation. Contact us today via www.mjfinsuranceagency.com

Saturday, December 11, 2010

Has your auto's warranty expired? Cover your car for mechanical breakdown. Wear and tear coverage on some parts. (cont) http://tl.gd/7eebsl
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Wednesday, December 8, 2010

M.J.F. Insurance Agency, Inc. Appointed in Florida

On December 8, 2010 M.J.F. Insurance Agency, Inc was appointed in the State of Florida. We look forward to bringing you further announcements in regards to new insurance programs that we can write in the state.

Saturday, December 4, 2010

OSHA alleges violations in Galveston and Conroe | Business | Chron.com - Houston Chronicle

OSHA alleges violations in Galveston and Conroe | Business | Chron.com - Houston Chronicle

www.mjfinsuranceagency.com for your O.S.H.A. certification 100% online, no waiting for an instructor to come to your town.

Trucking companies cope with delays - Business - The Buffalo News

Trucking companies cope with delays - Business - The Buffalo News

Managing Risk For Small Business Owners

Gwinnett Business Journal

Finding a Sweet Deal on Classic Car Insurance - FoxBusiness.com

Finding a Sweet Deal on Classic Car Insurance - FoxBusiness.com

Click on the Hagerty Banner in the right column for your Hagerty quote. You can then call M.J.F. or bind your policy online. 866-983-8726
If your not on our blog you can go to
www.mjfinsuranceagency.com to quote your car
We write in NY,NJ,CT,FL,PA and SC

Lady Gaga's WikiLeak | Fast Company###

Lady Gaga's WikiLeak | Fast Company###

Is Your Business Covered for data breach. It can be very expensive if you have a lot of clients personal date jeapordized. Make sure your company is protected in case your system is hacked or are a victim of employee dishonesty.

Friday, December 3, 2010

New Jersey Thunder Motorsports - Hot Rod Events, Monster Trucks, Motocross

New Jersey Thunder Motorsports - Hot Rod Events, Monster Trucks, Motocross

Terry's Top 10: Best things to do in December on the Grand Strand - Myrtle Beach Blog - Myrtle Beach, SC

Terry's Top 10: Best things to do in December on the Grand Strand - Myrtle Beach Blog - Myrtle Beach, SC

New health insurance credit for S.C. companies | McClatchy

New health insurance credit for S.C. companies | McClatchy

Pay-As-You-Drive Insurance Coming - Sacramento News Story - KCRA Sacramento This is the Second Story I Have Seen Recently On This Type of Plan

Pay-As-You-Drive Insurance Coming - Sacramento News Story - KCRA Sacramento

Port Authority rule forces truckers to replace aging trucks in effort to reduce emissions | NJ.com

Port Authority rule forces truckers to replace aging trucks in effort to reduce emissions | NJ.com

Workers Comp Kit Blog Workers Blog Archive » Florida Workers Compensation Basics 101

Workers Comp Kit Blog Workers Blog Archive » Florida Workers Compensation Basics 101

III - Smoke Detector Safety

III - Smoke Detector Safety

III - Fire

III - Fire

III - Identity Theft

III - Identity Theft

Contact M.J.F. About Identity Theft Coverage

Commercial Insurance Policy Financing in N.Y. As Low as 9% A.P.R. on Most Risks

If you are financing a commercial insurance policy in New York State, you are probably paying too much interest. Contact us today and let us finance your commercial insurance policy, whether its a new policy or upon renewal. We can finance as low as 9% annually in most cases. All we need is a copy of the new or renewal premium and your decleration page. Your paperwork can be faxed to M.J.F. Insurance Agency at 866-456-7905 and request that the information is being provided for a finance agreement quote. Our phone number is
866-983-8726 for additional information.

Thursday, December 2, 2010

Wednesday, December 1, 2010

Many homeowners misinformed on insurance coverage | Insurance Corner - Latest News

Many homeowners misinformed on insurance coverage | Insurance Corner - Latest News

Homeowners Insurance: Four Tips to Keeping Costs Down -- ST. LOUIS, Dec. 1, 2010 /PRNewswire/ --

Homeowners Insurance: Four Tips to Keeping Costs Down -- ST. LOUIS, Dec. 1, 2010 /PRNewswire/ --

Protect Against Mounting Risks from the Business of Medicine | Physicians News



Protect Against Mounting Risks from the Business of Medicine | Physicians News


For more information and a no obligation quote contact us at www.mjfinsurance.com

Taxpayers to Expect Delayed Tax Returns in 2011 Due to A Change in I.R.S. Processing

http://android.usatoday.mlogic.mobi/detail.jsp?key=2232370&rc=news
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Trucking News

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Test Those Smoke Alarms!

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Tuesday, November 30, 2010

Order Your NetSpend Prepaid Debit Card

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Pennsylvania High Risk Drivers

http://ifawebnews.com/2010/11/26/pennsylvania-is-u-s-leader-in-high-risk-insurance-pool-enrollments/?utm_source=streamsend&utm_medium=email&utm_content=13010713&utm_campaign=IFAwebnews%3A%20Latest%20Pennsylvania%20Insurance%20News
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Royal wedding watch: Let the memorabilia begin! | SILive.com

Royal wedding watch: Let the memorabilia begin! | SILive.com

Planning your wedding? We offer event insurance to cover any liability that may arise including liquor liability.

Visit our website and enroll for your free trial wedding website page and request more information on our event / special occassion coverage

www.mjfinsuranceagency.com

DOT drags its heels on fix for a perilous Staten Island intersection | SILive.com

DOT drags its heels on fix for a perilous Staten Island intersection | SILive.com

Mecum Auction: Live Classic, Collector, Corvette and Muscle Car Auctions

Mecum Auction: Live Classic, Collector, Corvette and Muscle Car Auctions

Ralph Lauren to honour antique Bugatti car - Watch News

Ralph Lauren to honour antique Bugatti car - Watch News

Is Your Personal Insurance Providing the Right Amount of Protection? It Might Be Time for an Insurance Review - MarketWatch

Is Your Personal Insurance Providing the Right Amount of Protection? It Might Be Time for an Insurance Review - MarketWatch

Passengers Being Allowed To Carry Guns on Amtrak?

Passengers can bring guns on Amtrak starting in December - USATODAY.com
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News, Wildwoods, NJ (Holiday Fun)

News, Wildwoods, NJ

Wildwood Events

Wildwood Events

Bridal Runway Shows | Wedding Dresses and Style | Brides.com : Brides

Bridal Runway Shows | Wedding Dresses and Style | Brides.com : Brides

Prescription-abuse tracker on hold in Florida - Topix

Prescription-abuse tracker on hold in Florida - Topix

N.J. families flock to Turtle Back Zoo's free Holiday Lights Spectacular | NJ.com

N.J. families flock to Turtle Back Zoo's free Holiday Lights Spectacular | NJ.com

Buoy Markers, Navigation and Waterway Boating Safety

Buoy Markers, Navigation and Waterway Boating Safety

Conning: Medical Professional Liability Market Softening, Changing - Commercial Insurance & Reinsurance - Property and Casualty Insurance News

Conning: Medical Professional Liability Market Softening, Changing - Commercial Insurance & Reinsurance - Property and Casualty Insurance News


Website: www.mjfinsuranceagency.com

Toll Free: 866-983-8726

Supreme Court rules on commercial general liability – Daily Commercial News

Supreme Court rules on commercial general liability – Daily Commercial News

What Exactly Does Commercial General Liability Cover on a Construction Project. This Supreme Court Decision and how it Pertains to your Construction Projects

M.J.F. can write your insurance for all contractor classifications. We are licensed in NY,NJ,PA,CT,FL and SC www.mjfinsuranceagency.com or 866-983-8726

Personal Data of Thousands of GSA Employees at Risk

Data Breach Coverage, Why Your Business Should Have It!
You can contact M.J.F. for a no obligation quote www.mjfinsuranceagency.com

Personal data of thousands of GSA employees at risk

Sunday, November 28, 2010

Is Your Business Covered By Your Insurance Policy in Case Your Clients Date is Breached or Stolen?

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Proper Insurance Coverage For Your Business is Crucial!

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Looking for Excess Liability / Umbrella Coverage For Your High Value Real Estate

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Contractor & Construction Insurance Quotes NY& NJ

We can insure construction and contracting risks, new ventures ok!. Commercial Auto Quotes too. # ny nj pa fl sc (cont) http://tl.gd/718le8
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N.J. Plan to Merge Smallest Towns To Consolidate

NYTimes: New Jersey’s Tiniest Towns Fight Push to Merge
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Saturday, November 27, 2010

NetSpend Prepaid Visa Debit Card

MJF is an authorized NetSpend representative!

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Pay-as-you-drive insurance? MileMeter CEO has that covered | News for Dallas, Texas | Dallas Morning News | Small Business | Dallas Business News

Pay-as-you-drive insurance? MileMeter CEO has that covered | News for Dallas, Texas | Dallas Morning News | Small Business | Dallas Business News

Auto shows rev up in Central Florida

Auto shows rev up in Central Florida

Construction worker breaks wrist in three-storey fall - Local - News - The Telegram

O.S.H.A. Safety Course - 100% Online and valid nationwide
For more information go to www.mjfinsuranceagency.com
Courses valid nationwide

Construction worker breaks wrist in three-storey fall - Local - News - The Telegram

Pennsylvania Truck Accident Lawyer Says System Is Needed To Get Drowsy Truckers Off I-81 | Benzinga.com

Pennsylvania Truck Accident Lawyer Says System Is Needed To Get Drowsy Truckers Off I-81

Pennsylvania Truck Accident Lawyer Says System Is Needed To Get Drowsy Truckers Off I-81 | Benzinga.com

Local contractor faces OSHA safety fines - NashuaTelegraph.com

O.S.H.A Fines new Hampshire Small Contractor

Local contractor faces OSHA safety fines - NashuaTelegraph.com

Friday, November 26, 2010

C.P.R. ONLINE CERTIFICATION & RECERTIFICATION

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Affordable Dental Insurance

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Return of The Barbershop to N.Y.C.

NYTimes: The Barbershop Renaissance
MJF has a great barbetshop program. Contact us for your insurance quote. www.mjfinsuranceagency.com or
866-983-8726
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NYC Cabbies Getting New Dress Code Law

NYTimes: Administration Is Bracing for Setbacks to Health Law
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V.H.F. Radio Could Provide Best Safety Option on The Ocean

http://www.fish4fun.com/vhf_radio.htm#Marine%20Radio%20Could%20be%20a%20Lifesaver
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Hagerty Antique and Classic Auto Insurance Quotes

If you are a car collector you have invested a great deal of time and money into maintaining your prized posession. That's why you go to Hagerty to insure your cars. Hagerty offers agreed value coverage which means they pay what its worth or valued at. Other carriers pay on stated value which usually doesn't meet the true value at a time of loss.
M.J.F understands the passion you have for your Antique vehicles and that's why you we teamed with Hagerty to protect your vehicle.

With M.J.F. you can go to our website and quote your policy online with an option to bind coverage or contact us to provide that quote for you! Visit our website at www.mjfinsuranceagency.com to get your quote today. We are licensed in N.Y., N.J, P.A.,C.T. FL. & S.C.
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Let Us Insure Your Watercraft!

# Watercraft quotes for Charter Boats, Charter Fishing, Yachts,Passenger Vessels, (cont) http://tl.gd/6v1fva
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We Can Insure Your Trucking Fleet.

Bring us your trucking risk! Let us use our independence to get you the best coverage & premium available # (cont) http://tl.gd/6u6oig
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Know Your Stuff - Register your Assetts in Case of a Loss

What happens after a fire? Did you filli out a "Know Your Stuff" inventory? It can save you thousands. Knowyourstuff.org
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M.J.F. is A Travelers Agency - Independent Insurance Agency

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Get Your Prepaid Visa Debit Card

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NetSpend Prepaid Debit Visa Card is easy to apply for and in your hands in 7 days. You can go to read more (cont) http://tl.gd/72t6iv
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Now Offering The Florida Online Boating Safety Course

We were approved as a reseller for the Florida online Boating Safety Course. For more information on the course and to enroll please follow this link.

This Florida boating safety course meets the State of Florida’s requirement for basic boater safety education. When you successfully complete the course and exam online, you will receive a course completion certificate by mail and we will automatically report your completion to the Florida Fish and Wildlife Conservation Commission for issuance of your Boater Safety Education I.D. Card if you are covered by Florida’s mandatory boater education law.

Florida Boating Safety – Educational Requirements
Florida Boating Safety Educational Requirements were updated January 1, 2010. This update requires boat operators who were born on or after January 1, 1988 to obtain a Florida Boating Safety Education Identification Card in order to operate a motorboat with ten horsepower or more.

The requirements to take an approved boating safety course and to obtain a Florida Fish and Wildlife Conservation Commission (FWC) issued identification card are the same, but the age threshold for the educational requirements is now based on whether or not you were born on or after January 1, 1988. For more information, visit http://www.myfwc.com/RULESANDREGS/Rules_Boat.htm#educ

Florida Boating License
The state of Florida does not have a “boating license”. The FWC issued Boating Safety Identification Card is proof that you succesfully completed the online boating course. This card is valid for life.

Florida Boating Course – More Information
This course is approved by the National Association of State Boating Law Administrators (NASBLA) and is recognized by the United States Coast Guard.

By successfully completing this approved basic boating safety education course you may qualify for reduced boat insurance premiums. Please contact your insurance company to see if you qualify for a reduction in your premiums based on your completion of this course.

Those receiving boating citations from law enforcement may be required to take a safe boating course. However, this must be a classroom boater education course -- The online course does not meet this requirement.





Copy and paste this link into your browser or click on link at the top of the page

http://floridaboatingcourse.com/?lgr=cc8a1ba4-8a83-de11-9746-00c09f3f0f12



We are licensed in the State of Florida to write insurance. Please keep us in my to insure your boat or any of your other insurance needs.

Thursday, November 25, 2010

New York Contractors

No matter what size your contracting business is, we have carriers aggressively looking to write your business. All classifications are elidgible, including roofers!

You can also go to our website to request additional info as well as enroll in the online O.S.H.A. online safetyz courses (10 & 30 Hr). All courses are valid nationwide and your card will be mailed to you when course has been completed. Take up to 6 months to complete the class and no waiting for an instructor to come to your town. Can also call in to speak to an instructor for clarification on any portion of the course you may need additional clarification on.

www.mjfinsuranceagency.com
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Florida Online Boating Safety Class

This week we were approved as a reseller through the American Safety Council to offer the Florida Online Boating Safety Course. We will Tweet the link on a regular basis. I expect a direct link to be up on our site within 6 weeks. Happy Thanksgiving to all!
You can visit our site at www.mjfinsuranceagency.com
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