NJAHU Names Marilyn Stenger as 2008 Winner of the Louis G. Mattei
Achievement Award - April 28, 2008
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Agents Sales Journal - May 2008

Employees Need Health Insurance, Not Just Cash

By Gary Taffet
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Joan Fusco's Op-ed Atlanticville - January 31, 2008
Please click here to view link

Nicole Gunia's Op-Ed Featured in the Mount Olive Chronicle - January 2008
Please click here to view link

 

Brad Greenbaum's Op-Ed featured in the Progress - January 2008
Please click here to view link

Jim Stenger and Dave Mordo recently had op-eds published in their local newspapers - January 2008
Jim’s piece ran in The Daily Record of Morristown to underscore the value of the health insurance broker. Please click here to view link.
Dave’s piece, on a similar topic, appeared in the Atlanticville.
Please click here to view link.

 

NJAHU Hires Communications Firm for Statewide Outreach


NJAHU condemns ‘Sicko’ as biased & harmful to health care reform, calls for task force to develop real solutions

From:
New Jersey Association of Health Underwriters, Springfield, NJ, July 3, 2007

The New Jersey Association of Health Underwriters (NJAHU), a statewide organization of health insurance professionals, called the just-released documentary movie, Sicko, “a totally biased look at the U.S. health care system that damages the effort to create practical solutions.” The NJAHU suggests that a task force be formed with all affected parties, who would work together to develop practical methods for improving health care.

 

“The last thing we need in the challenge to improve health care is a two-hour movie editorial that supports the agenda of one man—producer Michael Moore—hell bent on convincing everyone that universal health care is the only answer,” said Nicole Gunia, NJAHU president.

 

“Nobody is denying that our health care system needs fixing, but let’s put some key facts on the table,” said Gunia. “The U.S. health care system has the highest satisfaction rating of any nation. Plus, citizens of countries with universal health care pay 50% or more in taxes—and sometimes wait several months before crucial surgery.”

 

Gunia pointed out that the unfortunate cases depicted in the movie, where people were denied health insurance based on pre-existing conditions, couldn’t happen in the Garden State. “Nobody in New Jersey can be denied health insurance based on prior medical conditions,” she said. “And we call upon other states to follow New Jersey and enact similar legislation to protect consumers.”

 

One of the problems depicted in the movie was that people did not understand some of the
intricacies of their health insurance plans, said Gunia. "We encourage people to read their health plan contracts and ask for explanations from their insurance brokers or their insurance carriers.


The broker serves as an advocate and can alleviate most of the frustrating red tape in getting a claim paid.” Gunia added that in the vast majority of cases, purchasing health insurance through a broker does not cost any more than it would if purchased directly.

Gunia called upon the state of New Jersey to develop a task force represented by all affected parties, including physicians, hospital executives, patient advocacy groups, small business owners, insurance carriers and insurance brokers. “It’s the only way to develop real solutions.”

 

NJAHU, group of health insurance professionals, taps Princeton Public Affairs

Springfield, NJ, May 3–The New Jersey Association of Health Underwriters (NJAHU), a statewide organization of health insurance professionals, has retained Princeton Public Affairs Group (PPAG) for its government affairs program. The announcement was made by Brad Greenbaum, NJAHU president.

“Princeton Public Affairs, headed by a well-recognized leader like Dale Florio, will give us a seat at the table in the health care debate,” said Greenbaum. “Given the increased attention to health insurance, this is a critical time for NJAHU to work with business leaders, legislators and the general public to discuss practical ways to improve the system. And PPAG will help us achieve this goal.”

With offices in Trenton, PPAG represents a cross-section of organizations from a variety of issue areas and business sectors and plays a major role in many significant matters undertaken by the New Jersey legislature.

 

 

NJAHU offers advice on health savings accounts

Springfield, NJ, Jan. 16 - The New Jersey Association of Health Underwriters (NJAHU), a statewide organization of health insurance brokers, urges business owners and employees to become familiar with health savings accounts (HSAs)-which could enable more people to afford medical coverage.  With HSAs, a person links a savings account to a high-deductible
health insurance policy.

"HSAs offer an excellent alternative to pay lower premiums and still be covered, said Brad Greenbaum, NJAHU president. "But they're not for everyone-so take the time to learn if it's right for you or your company."

Greenbaum, also the president of the Fairfield, New Jersey-based Altigro Benefit Services, suggests that employers use experienced health insurance brokers to guide them through the complexities of HSAs and the maze of other options like HMOs, PPOs and POS plans.
"You don't pay any more for a health insurance plan if you go through a broker than if you directly to the insurance carrier," he said. "So why not get the expertise of an insurance professional who can explain the choices and help you make the right decisions"

NJAHU, group of health insurance professionals, taps Princeton Public Affairs

What is an HSA?
An HSA is a bank account you establish that's linked to a high-deductible health insurance policy. The money in HSAs can be used to pay for healthcare that traditional plans don't cover including acupuncture and laser eye surgery. You decide how much to contribute, how much of the account to use for medical expenses, and which medical expenses to pay from your
account.

You keep the HSA and any unused money from year to year, even if you change jobs. The money grows tax-free, while accruing interest to help pay for future medical expenses. Individual contributions are tax-deductible even if the taxpayer does not itemize.
For employers, HSA contributions are tax-free.

Unlike some other types of accounts, you don't lose HSA funds at the end of the year. Unspent balances remain in your account earning interest until you spend them on medical care. Plus, in the case of severe financial hardships, HSA funds can be immediately withdrawn-but you'll be taxed at the regular rate and pay a 10% penalty.

Who is best suited for an HSA?
Among the individuals best suited for HSAs, according to NJAHU:
*Self-employed individuals
*Those who can't afford traditional health plans
*Those who already have high-deductible plans
*New graduates first entering the workforce
*Those without jobs
*Those who anticipate spending $500 or less on medical expenses during 2007 (a category into which 73% of the U.S. population falls, according to American Health Value).

Person not eligible for HSAs include those enrolled in Medicare, people claimed as a dependent on someone else's tax forms and those covered by traditional benefits plans who don't meet the deductible minimums.


Good news: IRS raises maximum HSA contributions for 2007
The maximum contribution that can be made to an HSA for an employee with single coverage for 2007 is $2,850, up from $2,700 in 2006. Those with family coverage can contribute up to $5,650 a $200 increase from 2006.

The minimum deductible of the plan to which HSAs must be linked will be increased from $1,050 to $1,100 to those with single coverage and from $2,100 to $2,200 for those with family coverage.