Monday, October 26, 2009

Cost-of-Living-Adjustment

On October 15th the Wall Street Journal reported that for the first time since Cost-Of-Living-Adjustments were adopted in 1975, the Social Security Administration will not increase payments in 2010 for more than 50 million recipients. Read the entire article here. For Social Security Disability Recipients, that means that their monthly payments will not increase next year as they have for the last 35 years. As an ABA member, you have access to the ABE-sponsored Long-Term Disability Insurance plan, which has an optional Cost-of-Living-Adjustment which automatically adds 3% of your chosen monthly disability insurance benefit each year following your first year of total disability for up to five years. If you select this option when applying for insurance and are approved, this COLA benefit is guaranteed and can not be reversed. Learn more about this and the other features of Long-Term Disability Insurance exclusively for ABA members.

Monday, October 19, 2009

It's National Save for Retirement Week!

Did you know that this week is National Save for Retirement Week? In a effort to help raise awareness of the issues involved in saving for retirement, this week was designated as a public awareness week by Congress. At ABE, we sponsor a quality, affordable insurance plan designed specifically to help continue your retirement savings contributions in the event of a disability. ABE-sponsored Retirement Contribution Disability Plan can help continue your retirement savings by providing disability benefits specifically to fund retirement savings vehicles. Since these plans can only be funded by earned income, in the event of a disability that terminates your ability to work and earn an income, you may not be able to fund your retirement. Learn more about the Retirement Contribution Disability Plan or about National Save for Retirement Week. Have questions regarding this ABE-sponsored plan? Post your comments here.

Wednesday, October 14, 2009

Is basic health insurance enough?

According to a June article by the New York Times an estimated three-quarters of people who are pushed into personal bankruptcy by medical problems actually had insurance when they became sick or were injured, just not enough. But that doesn’t have to be the case for you. As an ABA member, you are eligible to apply for the ABE-sponsored Excess Major Medical Plan II. This high deductible medical plan has affordable monthly premium rates (can be as low as $12/month depending on your age and selected deductible) and can supplement your basic health insurance in the event of a catastrophic injury or illness. With coverage for eligible hospital bills, home health care, doctor visits and even out-of-network care, once the deductible is met, this plan may provide peace of mind when you need it most.
Have thoughts about supplemental medical coverage? Post your comments here or contact me!

Wednesday, October 7, 2009

Changes in your life may mean you should consider more coverage

I recently received a call from a member who was considering replacing her ABE-sponsored insurance plan with another insurance plan due to recent changes in her life. The member now felt she needed more insurance and didn’t realize she could apply to increase the coverage she currently had with ABE. The good news is you may be able to change your coverage under current certificate by adding benefits to get the coverage you need. If you are considering adding a new dependent, increasing your benefit amount, or any other coverage changes, call or email me and I can assist you with these changes. Comments on making changes to your ABE-sponsored plan? We would like to hear from you!! Just post a response to my blog.