Economic Evaluation Group, Inc.

A Concierge Employee Benefits Consulting & Brokerage Firm 
(516) 338-2800


Blog

Date: 11/2/2015 7:07 AM PST

This is to inform you that Kenneth Cerini, CPA, CFP, DABFA, from Cerini & Associates, LLP,  John R. Klimchak, MBA, CFP from Economic Evaluation Group, Inc.,  and Steven Person, Vice President from John Hancock Financial Services will host 2 seminars on the following topics:
“Affordable Care Act- What You Need To Know for 2016” 
“Tales From The Trenches…What You Need To Know About DOL Audits and Common Pension Errors”
“The Year Of The Fiduciary…How to Stay Out Of Trouble”
Your choice of locations:
Date: November 11th, 2015
New York City Location:
Time: 8:30 AM to 10:30AM
Location: The Chrysler Building
666 Third Avenue, (Between 42nd & 43rd St.), NY, NY 10017
Long Island Location:
Time: 2:30PM to 4:30PM
Loaction: 535 Broad Hollow Road, Seminar Room
Melville, NY 11747
Advanced RSVP is required by Friday, November 6th.
Seating is limited. Refreshments will be Served
If you are unable to attend, your colleagues are welcome.
To RSVP, contact John Klimchak at 516-338-2800 or email John@eegroup.com

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Date: 10/20/2015 11:55 AM PDT

Economic Evaluation Group, Inc. will be at Trade Nassau on October 21 exhibiting. For more information go to http://nassautradeshow.com/


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Date: 10/19/2015 1:57 PM PDT


Published: October 8, 2015

The PACE Act Halts Small Group Expansion


Under the Affordable Care Act (“ACA”), the definition of a small group for purposes of non-grandfathered insured coverage was set to change from an employer with 50 or fewer employees to an employer with 100 or fewer employees, effective for plan years beginning on or after January 1, 2016.

On October 7, 2015, the President signed into law bipartisan legislation, the Protecting Affordable Coverage for Employees (“PACE”) Act, which maintains the “50 or fewer” definition of a small employer. The PACE Act contains language that permits a state to use the expanded small group definition (employers with 100 or fewer employees). At this point, it is unclear whether states will retain the “50 or fewer” definition or opt to expand the small group market.

What does this mean? 

If a state follows the federal government and retains the existing small group definition (50 or fewer employees), employers with insured non-grandfathered plans in the 51-100 employee market will not be subject to the following:

  • The requirement that all of the essential health benefits are provided under the group health plan and the actuarial value of coverage cannot fall below a Bronze level plan (60% actuarial value); and
  • New underwriting requirements that limit rating variations to:
    • The benefit level and tier of coverage (e.g., single vs. family); 
    • Geographic area; 
    • Age (shall not vary by more than a 3 to 1 for adults); and
    • Tobacco use (shall not vary by more than 1.5 to 1). 

This change has no effect on other aspects the ACA, including the Employer Penalty and reporting on Forms 1094-C and 1095-C.

We will continue to keep you apprised of any new developments.


NOTE: This document is designed to highlight various employee benefit matters of general interest to our readers. It is not intended to interpret laws or regulations, or to address specific client situations. You should not act or rely on any information contained herein without seeking the advice of an attorney or tax professional.


John Klimchak | Economic Evaluation Group Inc | (516) 338-2800 | john@eegroup.com

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Date: 9/29/2015 6:16 AM PDT

Regulators to Shut Down Health Republic Insurance of New York 


Wall Street Journal - Regulators will shut down Health Republic Insurance of New York, the largest of the nonprofit cooperatives created under the Affordable Care Act, in the latest sign of the financial pressures facing many insurers that participated in the law's new marketplaces.

Click the link to see the article.

If you have any clients with Health Republic Insurance of New York, we can help.

Sincerely,


John R. Klimchak, CFP
Economic Evaluation Group, Inc.
535 Broad Hollow Road, Suite A-3A
Melville, NY 11747
P: 516.338.2800
C: 516.641.0239
F: 516.338.7284

Benefit…
Securities offered through Cetera Advisor Networks LLC, Member NASD/SIPC; Branch Office: 535 Broad Hollow Road, Suite A-3A, Melville, NY 11747 (516) 338-2800; Economic Evaluation Group, Inc. is not affiliated with Cetera Advisor Networks LLC.
Securities offered through Registered Representatives of Cetera Advisor Networks LLC, a securities broker/dealer (member NASD/SIPC). Economic Evaluations Group, Inc. is a separate entity from Cetera Advisor Networks LLC. Registered Representative of Cetera Advisor Networks LLC, are registered for the sale of securities products in NJ and NY. CA license # 0D08970

Confidentiality Notice: This e-mail is privileged and/or confidential, and the sender does not waive any related rights and obligations. Any distribution, use or copying of this e-mail or the information it contains by other than an intended recipient is unauthorized. If you received this e-mail in error, please advise me by return e-mail immediately and destroy all copies of the message.

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Date: 9/17/2015 10:10 AM PDT

Economic Evaluation Group, Inc. Launches New Website and Blog

Economic Evaluation Group is pleased to announce the launch of a new Website. The site is mobile friendly by means of being a “responsive website”.


What is a responsive website?


A responsive website has the ability to grow and shrink in order to adapt to the type of device it is being viewed on. On one side of the size spectrum are large flat screen monitors in board rooms or projectors. On the smaller side of the device spectrum are cell phones and tablets.

Why is a responsive website better than a mobile site?


A responsive website displays the exact same information as the company website but it stacks it accordingly to make it fit the device. A mobile website is often completely different forcing the user to adapt to a different look and feel and often limited content.

New Blog:


We will be maintaining a blog to help clients and visitors become more aware of:

  • Industry Information
  • Human Resources Compliance Information
  • Employee Benefits Updates
  • Government Policy Changes
  • Tips and Tricks
  • Sometimes a Little Fun and Personal Insight
  • … And More

Our blog can be reached directly at:


or by pressing the “Blog” button on our website


We look forward to helping businesses in the future. 


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Copyright© 2015 Economic Evaluation Group Inc. Revised: 05/04/2015 Content subject to change at any notice. Not responsible for typographical errors. Cetera Advisor Networks LLC PRIVACY POLICY

Securities offered through Cetera Advisor Networks LLC. Member FINRA/SIPC ; Branch Office: 535 Broad Hollow Road, Ste. A3A, Melville NY 11747 (516) 338-2800; Economic Evaluation Group, Inc. is not affiliated with Cetera Advisor Networks LLC

Securities offered through Registered Representatives of Cetera Advisor Networks LLC, a securities broker/dealer (member FINRA/SIPC ). Economic Evaluations Group, Inc. is a separate entity from Cetera Advisor Networks LLC Registered Representative of Cetera Advisor Networks LLC are registered for the sale of securities products in NJ and NY. CA license # 0D08970

Circular 230 Notice: Pursuant to IRS Circular 230, Cetera Advisor Networks LLC is providing you with the following notification: The information contained in this website is not intended to (and cannot) be used by anyone to avoid IRS penalties. This website supports the promotion and marketing of life insurance, annuities, long term care insurance, disability income insurance and pension retirement. You should seek advice based on your particular circumstances from an independent tax advisor.

Economic Evaluation Group, Inc. Specializes in Group Health Insurance (Group Medical Insurance). EE Group is located in Melville, Long Island, New York and service all over the United States and Canada.

 

Economic Evaluation Group is currently Licensed in Arizona (AZ), Arkansas (AK) California (CA), Connecticut (CT), District of Columbia, (DC), Florida (FL), Georgia (GA), Illinois (IL), Kentucky (KY), Maryland (MD), Massachusetts (MA), Maine (ME), Michigan (MI), Minnesota (MN), Missouri (MO), New Hampshire (NH), Nebraska (NE), New Jersey (NJ) , New York (NY) , North Carolina (NC), Oklahoma (OK), Pennsylvania (PA), Texas (TX), Vermont (VT), Virginia (VA). NOTE: If your state is not listed we can easily add the state license.