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The Dec Page

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Posted by Andy Adams on August 30, 2013 - 2:03pm
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OK, so that was not the title to this WSJ piece.  It was actually called "Subsidies for Older Buyers Give Insurers a Headache."  It reports what some older Americans and others with health conditions are quickly finding out, the ACA is going to give them a sweetheart deal:

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Posted by Tracy Dacus on August 29, 2013 - 5:25pm
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Back in July we blogged about the Biggert-Waters Flood Insurance Reform Act of 2012 which will mean big increases in flood insurance premiums starting in October.  The combination of NFIP ‘true flood risk’ increases and new federal flood zone maps is a one-two punch for homeowners and businesses at risk for flooding.  Some residents in Nassau Bay could see their rates go from $1,500 to $10,000 – possibly even $20,000 – according to City Manager Chris Reed.  (Houston Chronicle, 8/12/13)  With the new maps, officials estimate that the number of houses considered to be in the flood plain will almost double.  
 
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Posted by Tracy Dacus on August 28, 2013 - 4:49pm
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Prior to the Affordable Care Act (ACA) becoming law, it was common pratice for insurance companies to vary the price of premiums based on things like health status, demographics, industry and the amount of time someone has been on a plan.  While those practices are currently still in effect, they will be banned for some plans starting Jan. 1, 2014.

Beginning Jan. 1, 2014, health insurance companies offering coverage to individuals and small employers will only be allowed to vary premiums based on age, family size, geography and tobacco use.  Basing premiums on other factors will be illegal under the Fair Health Insurance Premiums provision of the ACA.  Factors that will no longer be taken into account in determining premium prices in 2014 include health status, past insurance claims, gender, occupation, and how long an individual has held a policy for groups under 50 in Texas.
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Posted by Tracy Dacus on August 22, 2013 - 3:15pm
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When a business hires a temp employee through a service, whose workers’ comp pays if they are injured on the job?  

 

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Posted by Andy Adams on August 20, 2013 - 2:40pm
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CNBC has a flair for understatement AND slothfulness.  They have just discovered a "quirk" in Obamcare that "could financially penalize workers and their families."

Webster's defines "quirk" as a "peculiar trait."  I am not sure this qualifies:

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Posted by Andy Adams on August 16, 2013 - 10:21am
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This week revealed yet another delay in Obamacare.  This one concerns out-of-pocket limit for plans set out in the law.  Under this rule out-of-pocket costs may not exceed $6350 for individuals or $12700 for a family after January 1st.  The law also provides that for individual plans and small groups under 50 (in Texas or under 100 depending on the state), the deductible is limited to $2000.

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Posted by Tracy Dacus on August 6, 2013 - 5:24pm
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Wildfires can spread quickly and be devastating to both life and property, as we saw last month when 19 brave firefighters lost their lives in Arizona.  Colorado has been plagued by multiple forest fires this summer, displacing thousands.  The Bastrop wildfires in 2011 destroyed over 1,000 Texas homes.  

What can you do to protect your home from a fast-moving wildfire?  You can evacuate and rely on local authorities and firefighters to get it under control.  But if you have a Chubb Homeowner’s policy, you get an extra ‘layer’ of protection.  
 
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