Tag Archives: 2015

Happy Holidays from Petschauer Insurance

This Holiday Season is unlike any of our past ones at Petschauer Insurance, as we celebrated in our new Garden City office for the first time. However, we still kept traditions alive by singing holiday music, exchanging Secret Santa gifts, and eating a phenomenal meal together. We would like to wish you and your family a Happy Holiday, and hope that you enjoy this time as much as we do!

Survival Kit for Blizzard of 2015: Winter Storm Juno

800px-DC_Snowstorm_Feb_-_Flickr_-_Al_Jazeera_English_(6)With most of the Northeast already under a couple of inches of snow from Snowstorm Juno, and being warned to stay indoors until the weather clears up, we at Petschauer Insurance would like to take this opportunity to share some safety and insurance tips while you are waiting out the storm. We also ask that you keep your ears and eyes out for any news updates and weather advisory’s up until Wednesday.

Our educated staff is great at collaborating with each other and our insurance company partners to bring you these tips for critical times just like this. So, we put together a list of blogs we feel are appropriate for helping you make it through the Blizzard of 2015:

1) Keep Your Buildings From Freezing

2) Generator Safety Tips 

3) How To Prevent/ Remove Ice Dams

4) Preventing Black Ice

5) Safe Driving Tips For The Winter

Be Safe!

Health Insurance Open Enrollment for 2015 begins November 15th

If you do not have health insurance at this time, November 15th is the quickly approaching date for you to take advantage of the opportunity to be eligible to purchase a policy.  Did you know that as of January 1st 2015, any adult without health insurance earning above the Affordable Care Act (ACA)  income threshold, is responsible to pay a penalty of $95.00 or 1% of their annual income (whichever is higher)?   Did you know that there is a limited time for you to apply for coverage?

So maybe you lost the health insurance sponsored by your employer or you no longer qualify to be on your parent’s plan due to your age.  Beginning on November 15, 2014 you have a chance to be proactive and purchase health insurance for an upcoming January 1, 2015 effective date.  This is called “Open Enrollment”.  If you haven’t applied for coverage by February 15th, 2015 you will need to wait until the next Open Enrollment period scheduled for November 15, 2015.

What is Open Enrollment?

This is a period during which an individual can apply for health insurance with fewer restrictions than at any other time during the year. It is important for those individuals who are not covered under their employer’s insurance, or simply are uninsured, to pay close attention and remember the dates for Open Enrollment:  November 15, 2014 through February 15th, 2015. During Open Enrollment, insurance companies are supposed to waive underwriting guidelines and any requirement for evidence of insurability. When Open Enrollment ends individuals seeking coverage need to be “qualified” for Special Enrollment, or they will have to wait until the next scheduled open enrollment period on November 15, 2015! Special Enrollment or qualifying events include, but are not limited to: divorce, marriage, birth, death and loss of employer sponsored coverage.

•How can individual insurance be purchased?

A number of Health Insurance Companies are offering Individual health coverage either directly through health carrier websites, via the New York State Health Exchange, or off the Exchange through independent insurance brokers.

• What penalties will you be responsible to pay if you are not covered?

In 2014: $95.00 or 1% of income (individual)

$285.00 or 1% of income (family)

In 2015: $325.00 or 2% of income (individual)

$975.00 or 2% of income (family)

In 2016: $695.00 or 2.5% of income (individual)

$2085 or 2.5% of income (family

Although the penalty may seem minimal in 2014, as you can see, it will increase for the upcoming years. Keep in mind that you will be responsible to pay the greater amount; percentage of income, or fixed dollar amount.

Health_topic_imageSome people feel that the premium for a health insurance plan seems unnecessary and excessive for a young healthy individual. However, we strongly suggest that you keep in mind that “accidents do happen” and the cost of an emergency room visit, x-rays, MRIs, hospital stays and doctor visits add up and can be devastating to you and your family’s financial situation.

We urge you to take advantage of this opportunity to purchase health insurance during this year’s Open Enrollment.

By Narima Prashad
Account Executive