Mann Consulting's Blog

IF EMPLOYER IS SUBJECT TO STATE CONTINUATION Here is the letter that must be sent to the employee in question. Date  Xyz employee123 Market Street Anytown USA 50544 RE:   Continuation of Health Insurance Benefits Dear Employee:  This letter will serve as notification of your rights to continue yo...

Contributions How much can you contribute to an HSA?The maximum annual HSA contributions for 2007 are:Self-only coverage: $2,850Family coverage: $5,650The maximum annual contribution is an aggregate maximumBoth employer and employee contributions add up to the maximumHSAs do have a "catch-up cont...

The Tax Break The HSA benefits anyone who currently pays taxesThe Individual gets an above-the-line tax deduction for amounts contributed, up to certain limits (taxpayer does not have to itemize expenses to claim this deduction)Amounts in the HSA build up on a tax-deferred basisDistributions for ...

Jack Mann Insurance Claims & Consulting DivisionI.  IntroductionA.    When the PPO was first introduced in the late 80's / early 90's I spoke to a few customers about this "new product" that is supposed to save so much money in claims costs.  The customer spoke of this new "Doctor CoPay" and how ...

Independent Insurance Agent or Direct WriterWhich is the right choice for you? Choosing between an independent agent and a direct writer is a big decision and deserves careful attention prior to purchasing insurance.What is a direct writer? A company who doesn't use agents to distribute their pol...

Understanding "Claims-Made" InsuranceAssume for a moment that a Summons and Complaint arrives at your office.  After an unpleasant exchange with the process server, you close your office door, shut off your phone, and begin reading through the numerous allegations.  As you go through the document...