Life Insurance

Before taking a life insurance exam, is there anything I should do?

You should be properly hydrated by drinking lots of WATER, at least 6 x 8oz glasses per day for 2 days prior to exam.  You should also NOT exercise for 48 hours prior to the insurance exam.  This would include riding in a golf cart.  Anything that bounces the kidneys can cause protein in the urine.  You must also fast prior to the exam so we recommend having it in the morning.

Can I make my child the beneficiary?

If your child is under 18 years of age, it is recommended the beneficiary be a Trust or UTMA (Uniform Transfers to Minors Act).

Can I get life insurance if I have diabetes?

Yes, you may qualify for life insurance if you take your medication as prescribed and it is under control.

Individual Health Insurance

What is Open Enrollment?

This is the set time of the year when the government states you can purchase a health insurance policy. November 15, 2014 to February 15, 2015 will be the next Open Enrollment.

How can I get coverage outside Open Enrollment?

Outside Open Enrollment you can only purchase health insurance if you qualify for a special enrollment period due to a qualifying life event.

What is a qualifying life event(QLE)?

This is a event in your life that allows you to change or apply for health insurance coverage. Some examples of this is marriage, birth or adoption, loss of employer sponsored coverage, los of coverage for a dependent child who has reached the dependent age limit and many more.
For more information on this subject please contact us today!

How long can I keep my adult child on my health insurance plan?

If a plan covers children, they can remain or be added to your health insurance plan until they turn 26 years old.
In Florida there are different rules that can extend the amount of time your adult child can remain on your health insurance plan.
For more information on this subject please contact us today!

Employee Benefits

What information is needed in order to get a proposal?

If your group is under 50 employees, we will need the employer zip code as well as the ages or dates of birth for all employees (even those not interested in coverage) and their dependents. If your group is more than 50 employees, it is a bit more complicated and we would need you to complete underwriting questionnaires as well as provide the ages or dates of birth of all employees and their dependents plus their resident zip codes.

How long will it take for the proposal to be available for review?

If your group is less than 50 employees, we can normally have proposals for you to review within 24 hours or less. Groups with 50+ employees will take 7-10 business days.

Will your firm be available to speak with our employees or provide enrollment meetings and materials?

Yes, we have full time staff available to assist you and your staff with all of your needs.

Will our employees be able to contact you directly with any questions, concerns or problems that they have?

Yes, we have full time staff available to assist you and your staff with all of your needs.

What is a qualifying event?

Examples of a qualifying event are birth, divorce, adoption, loss of coverage etc. You have a 30 day window to remove, add or come on to your group plan if you have one of these events. You would contact your group administrator for guidance or call Richard S. Bernstein & Associates, Inc. for instructions and information.

Am I COBRA eligible?

In the state of Florida if you are terminated from a group under 20 you have the right to Florida State Mini COBRA. If you are from a group of 20 or more employees you would have the right to Federal COBRA.

How much will my COBRA cost?

If you were with a group of under 20 it will be your premium plus a 15% administration fee.
If you were with a group of 20 or more it will be your premium plus 2% administration fee.