Ten Broeck Insurance GroupTen Broeck Insurance Group is an insurance agency with proven professionals who are caring and conscientious – the kind of people you can depend on.  We know our clients needs on a personal level and understand when you have questions, you need a person to talk to – not a recorded voice and a list of automated options.  Ten Broeck Insurance Group is committed to maintaining a high standard of excellence in all that we do and seek to establish a firm relationship of mutual trust with each of our clients.

At Ten Broeck Insurance Group, we offer the following types of coverage:

Individuals Businesses
  • Life Insurance
  • Disability Insurance
  • Long-Term Care
  • Estate Planning
  • Annuities
  • Health Insurance
  • Short- and Long-Term Disability
  • Long-Term Care Insurance
  • Voluntary Benefit Plans
  • Self-Funded Medical Plans
  • Life Insurance
  • AD & D
  • Dental Insurance
  • Retirement Plans

Derek and the rest of the team at Ten Broeck Insurance Group look forward to working with you to develop a comprehensive insurance plan that fits you and your budget.

It’s hard to believe that it’s been almost a year since the HHS’ Health Resources and Services Administration adopted additional Guidelines for Women’s Preventive Services that must be covered without cost sharing under the Affordable Care Act (ACA).  These new preventive care requirements were recommended by the independent Institute of Medicine (IOM). Additional women’s preventive services that must be included in health plans (unless grandfathered) without cost sharing for plan years beginning on or after August 1, 2012 (e.g., January 1, 2013 for calendar year plans) are:

  • Well-woman visits: This includes an annual well-woman preventive care visit for adult women to obtain the recommended preventive services, and additional visits if women and their providers determine they are necessary.
  • Gestational diabetes screening: This screening is for women 24 to 28 weeks pregnant, and those at high risk of developing gestational diabetes.
  • HPV DNA testing: Women 30 or older will have access to high-risk human papillomavirus (HPV) DNA testing every three years, regardless of pap smear results.
  • STI counseling, and HIV screening and counseling: Women will have access to annual counseling on HIV and sexually transmitted infections (STIs).
  • Contraception and contraceptive counseling: Women will have access to all Food and Drug Administration-approved contraceptive methods, sterilization procedures, and patient education and counseling (not including abortifacient drugs).
  • Breastfeeding support, supplies, and counseling: Pregnant and postpartum women will have access to comprehensive lactation support and counseling from trained providers, as well as breastfeeding equipment.
  • Domestic violence screening: Screening and counseling for interpersonal and domestic violence will be provided for all women.
The rules governing coverage of preventive services generally, which allow plans to use reasonable medical management to help define the nature of the covered service, apply to the new women’s preventive services requirements.  Plans do retain the flexibility to control costs and promote efficient delivery of care by, for example, continuing to charge cost-sharing for branded drugs if a generic version is available and is just as effective and safe for patients to use.
These new required preventive services for women should be automatically baked into any fully insured group plan purchased on or after August 1, 2012.  Regardless of the funding method (insured or self-insured) this topic should be raised with the vendor at renewal time to make certain the new requirements are met and that the resulting costs to the plan are understood

A look at benefits trends for 2012

By Amanda McGrory

December 7, 2011

With 2012 nearing, the latest benefits landscape is on the horizon, and much of it focuses on costs.

As many employers are still looking for ways to tighten their budgets, the shift toward shared accountability is projected to continue, says Lenny Sanicola, senior benefits practice leader for WorldatWork, a nonprofit organization that specializes in global human resources issues. More employees are expected to partner with their respective employer to manage health care costs, meaning employees will continue to take on a larger share of those expenses than in the past. Thus, consumer-driven health plans are expected to be strong in 2012.

“Although employee selections of these options has been slow, I expect more and more employees to choose CDHP options due to generally lower premiums coupled with more education from organizations on how these plans work and can save individuals and families money,” Sanicola says. “In addition, more employers are beginning to only offer CDHP options, totally replacing more traditional options, so eligible employees who want coverage must select such options.”

When looking at CDHP enrollment figures from 2006 to 2011, these plans appear to be a largely growing trend, according to a recent benefits trend survey by WorldatWork. In 2006 the survey shows that 73 percent of employers did not offer CDHPs, but by 2011 that figure fell to only 53 percent. Of the respondents with CDHPs, 26 percent offer health savings accounts in conjunction with CDHPs in 2011, as opposed to 11 percent in 2006, and 11 percent offer health reimbursement accounts with CDHPs in 2011, compared to 9 percent in 2006. Another 6 percent of respondents offered both HSAs and HRAs in 2011 when no respondents offered the combination in 2006.

Sanicola also expects wellness programs, which tie into cost sharing, to continue their surge in popularity. With wellness programs, employees have a greater sense of consumerism and accountability, causing more employers to rely on them as a way to manage costs. The increase in wellness programs can be seen in the WorldatWork survey that shows 75 percent of respondents offered wellness programs and promoted better health in 2011 while only 65 percent did so in 2004.

Critical illness is another benefit that is expected to see growth in 2012. In fact, just from 2009 to 2010, critical illness grew 24 percent, reports Colonial Life, a supplementary insurance provider. Medical conditions such as cancer, heart attacks and strokes are expensive to care for, but critical illness insurance provides out-of-pocket protection to handle the expenses after treatment, says Randy Finn, assistant vice president of supplemental health product at Colonial Life. While critical illness is a newer product on the market, updated versions are available to include benefits for multiple occurrences of a critical illness.

Regarding the Patient Protection and Affordable Care Act, there are not many compliance issues that employers should have to address in 2012, Sanicola says, but employers should take some time to focus on developing a long-term health care strategy and analyzing how PPACA can impact business over time. The new year may only be 2012, but 2014 is just around the corner.

“There is much uncertainty and anxiety of where reform will land, but for 2012, most employers will stay the course, manage their short-term expenses with a shared accountability with employees, be aggressive with their health and wellness strategies, and continue to look for the best value for the return on their investment in benefits,” Sanicola says.

The Importance of Long Term Care Insurance

January 6, 2011

Many people assume that Long Term Care insurance provides exclusively for services rendered by nursing homes, however, the term Long Term Care encompasses a wide array of personal care, health, and supportive services that provide assistance and improve the quality of life of those with chronic, long term conditions.  Long Term Care Insurance is important […]

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Reevaluate Your Life Insurance This New Year

January 6, 2011

Each year we make New Year’s resolutions to get our financial affairs in order.  However, in the process many of us fail to reevaluate a very important aspect of our finances: life insurance. Make this year the year to truly organize your finances to a place where you are comfortable knowing your family will always […]

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Why You Need Disability Insurance

January 6, 2011

Illness or injury, may they be long or short term, can keep us out of the workplace and, more importantly, keep us from collecting a pay check.  When this happens, our dependents who rely on our income suffer along with us.  Disability insurance exists to protect workers from the loss of income caused by the […]

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Keeping Up with Changes in Health Care

November 10, 2010

The Department of Labor now requires employers that provide health care benefits (directly or through insurance, reimbursement, etc.) in Massachusetts to issue an Employer CHIP Notice to individual employees, regardless of enrollment status. If an employee is eligible for health coverage, but unable to afford the premiums, some states (including ME, MA, NH, NY, RI, […]

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September 22, 2010

Come Laugh With Us!!! On Nov. 13, the Pepperell/Groton & Ayer Rotary clubs present  A Night of Comedy Located at the Bull Run Resturant in Shirley, MA. Tickets are and in high demand. This show WILL sell out. To get get your tickets, call Derek at: (978)433-6300

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Update to Massachusetts DOI Agreement – Harvard

July 14, 2010

Harvard Pilgrim has reached an agreement with the Massachusetts Division of Insurance (DOI) on small business and individual premiums for customers with April through December 2010 effective dates. Through the agreement, Harvard Pilgrims has decided not to retro-bill for the coverage months of April, May, June, and July. Updated rates will be effective for coverage […]

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