Subsidies for Obtaining Health Insurance for Children

Children in families whose income levels do not exceed, $ 88,200 in New York, $77,175 in New Jersey may be eligible for for
CHIP,
Children’s Health Insurance Program
.

The CHIP program is for children of parents who make too much money to qualify for Medicaid, but not enough money to afford to purchase a health insurance plan to cover their children. To qualify for the plan you must meet your state’s designated income
level, and your child must be presently uninsured.

Each state is different in terms of eligibility, coverage guidelines, administrative procedures and benefits. To find your state CHIP plan Click this CHIP MAP now for detailed state
information. To Apply for CHIP you may call their HOT LINE directly @ 1-877-543-7669  to be placed in touch with your state specific administrator.  

It can take up to 45 days for approval, however 11 states, New York being one of them may grant immediate, temporary coverage for children in both Medicaid and CHIP if they appear to be eligible.  

This can be a very affordable option for families who are struggling to provide critical health care coverage for their children. Finally it appears Congress got something right.

If you found this helpful leave a comment. I put alot of information out there and I am not sure what resonates and what doesn’t. Good luck, and god speed.

Maximum Weekly Benefit Rate for NY Workers Compensation

At the beginning of summer two things happen. School let’s out , and the Department of Labor releases it’s average weekly wage rate for New York State. I know, there are some geeks out there screaming , NO that data is released in March. Yeah, yeah, however
it becomes meaningful to employers, and injured workers typically July 1st, when the New York Workers Compensation Board releases the actual MAXIMUM weekly benefit rate, which for July 2010 thru July
2011 is $ 739.83. The monks at the Comp Board arrive at this number by taking the New York Department of Labor average weekly wage rate for the state which was  $1109.75 released in March 2010 , and
applying a factor of 2/3’s , which is how we end up at the MAXIMUM NY WORKERS COMPENSATION BENEFIT RATE of $ 739.83 for July 2010 thru July 2011.

 

Hopefully you are reading this a a mere satistical curiosity, and not as a number you will depend on to feed your family. The good news for injured workers is the benefit rate has gone up dramatically over the last several years, and is actually pegged to
a real number that should increase every year, rather than having the benefit rate remain static over a period of many years eroding the benefit to working families thru the disease better known as inflation.

 

Just thought you should know!

Builders Risk Policies Do Not End at the Expiration Date

Very few purchasers of Builder’s Risk insurance are aware that coverage ceases in two ways and not just at policy expiration.   At expiration as everyone is aware , coverage  also ceases  when a project, recently completed is awarded it’s Certificate of
Occupancy by the municipality it is located in. Rather than write the article again here, I just thought I would provide the link.

 

Do You Know When Your Builders Risk Policy Expires??

 

Hopefully you are reading this prior to your loss!

Made in the USA – The Story of the Ear Muff

At 15 years old Chester Greenwood went ice skating on a pond near his home in Farmington Maine. It was so cold his ears nearly froze off. The next afternoon he covered his ears with a woolen scarf that proved to be too itchy and heavy. The next day he bent
some wire into ear shaped loops and asked his grandmother to sew fur around them. It worked perfectly, so much so that he soon received requests from neighbors and friends for a pair of "muffs for the ears". Ultimately he patented his design and founded the
Greenwood Ear Protector Factory in 1877. He became extremely wealthy supplying them to U.S. Soldiers during World War I. 

There you have it Made In the Good Ole USA!

1099's for Vendors Paid More Than $600

Starting in 2011, landlords will be required to issue 1099’s for all vendors paid more than $600 in fees for that fiscal year. There will be an exemption for those who have a temporary rental. The IRS also has the ability to exempt landlords below a certain
rental income limit. My question is how will they execute this without having all of those tax ID numbers on file to connect the dots for the IRS. 

No wonder the economy is not growing. Small business is too burden with tax compliance and tax payments to actually earn money. I can’t decide who is worse ; the politician’s or those of us that elect them to a 90% incumbency rate, then complain about their
policies. Rome is burning as the Roman’s stare in wonderment at the dazzeling auburn sky sipping red wine and eating grapes in their soft linen robes.

Don’t get me started…….

Insurance Brokerage and Risk Management

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