Whether we like it or not, things change. Each year during the Annual Enrollment Period, it is recommended that you review your plan because one small change can mean a very large difference in out of pocket costs. Here are some things to keep in mind:
There will be multiple live events in Houston the weekend of November 16-17th. If you are interested in attending, or would like more information, please contact Jon Fuller at 801-816-0505 or email@example.com.
2020 MEDICARE & MARKETPLACE EXCHANGE OPEN ENROLLMENT
It's about you! Your Health. Your Choice. Your Time.
SFFMA members can now secure health insurance with Major Medical (Under 65) and Medicare (Over 65).
Shop Plans Now!
Get familiar with the website and plans available before open enrollment starts.
With Tropical Storm Imelda upon us, we want to remind everyone to be as safe as possible, even as the need for your services increases. With that being said, here are some resources and procedures to help after the storm.
After the Storm
Claims should be turned in ASAP. The sooner a claim is submitted, the quicker the adjusters can get the assignment. We are recommending if there is any damage to an apparatus that you take a photo showing the height of the water on the apparatus (i.e. water line mark on the apparatus). This will help the adjusters determine what will be needed: repairs, fluid replacement, or just inspection. In addition, you should set aside damaged property for inspection and assemble an inventory of damaged items. If your building is flooded, please contact a mitigation contractor immediately to start the water extraction process.
FOR IMMEDIATE RELEASE
WinStar Insurance Group dba VFIS of Texas has been selected to be part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America Big “I” “Best Practices” Study Group.
Only 267 independent agencies throughout the U.S. qualified for inclusion in the 2019 Best Practices Study. An IIABA affiliated state association or an insurance company must first nominate the agency which then must qualify based on outstanding customer retention, growth, stability and financial management. More than 1,300 agencies were nominated this year.
The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual study of leading independent insurance agencies, which is conducted for IIABA by Reagan Consulting of Atlanta, Ga., documents the business practices of these high performance agencies and urges others to adopt similar practices.
Hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions.
The IIABA and Reagan Consulting jointly maintain the Best Practices Gateway website (http://www.reaganconsulting.com/research/best-practices) that provides executive summaries of the annual Best Practices Studies, the Best Practices Study Comparison Workbook tool and ordering information for Best Practices products. The Gateway, as well as the annual study, is made possible in part through the financial sponsorship of various insurance companies and industry organizations.
The 2019 Best Practices Study sponsors include: Agency Business Solutions and Amerisure, Applied, Beyond Insurance, Central Insurance Companies, Chubb, EMC Insurance, Encompass/Allstate, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual Insurance and Safeco Insurance, MetLife, Nationwide, Travelers, Vertafore and Westfield Insurance.
WinStar Insurance Group LLC dba VFIS of Texas purchased the assets of Regnier & Associates, Inc. on October 1, 2016.
Regnier & Associates, Inc. was founded in May of 1982 providing coverage through the VFIS program for emergency service organizations in Texas. WinStar Insurance Group LLC also dedicates our time insuring niche industries including craft beverage, water districts, commercial ambulances, child care facilities and more and is dedicated to continuing the vision and commitment that Regnier & Associates, Inc. has provided for the past 34 years.
For more information on the Best Practices Study, contact Jennifer Becker at IIABA, 1-800-221-7917.
Founded in 1896, IIABA is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance – property, casualty, life and health—as well as employee benefit plans and retirement precuts. Web address: www.independentagent.com.
* COVERAGE EFFECTIVE DATE IS AUGUST 1, 2019 *
OPEN ENROLLMENT FOR EMPLOYERS AND INDIVIDUALS TO ENROLL IS JUNE 1ST TO JULY 15TH
*We have reached our 500 member minimum threshold for coverage to go into effect August 1st! However, if you miss the July 15th deadline, you can still enroll at a later date. See schedule below:
Deadline Effective Date
SFFMA and VFIS of Texas have secured a Group Cancer & Critical Illness Insurance Plan that provides 24 hour (on the job and off the job) coverage.
This Cancer & Critical Illness Insurance is available to employers (paid & volunteers) and individual members.
Download a Sample Policy Proposal for Detailed Plan Info
*Initial diagnosis of covered critical illness must occur while the insured is covered under the group policy. If the insured has a reoccurrence of a prior covered illness after coverage begins then the plan pays under the, Reoccurrence Benefit: If a critical illness benefit is payable and there is a subsequent diagnosis or recommendation for the same critical illness, a reoccurrence benefit equal to 25% of the coverage amount is payable if the insured meet both of the following: The insured has been continuously insured under the group policy between the initial and subsequent diagnosis or recommendation. The insured has served a 12-month treatment free period during such continuous insurance.
Workers’ Compensation insurer Texas Mutual Insurance Co. announced plans to distribute $330 million in dividends to policyholders in 2019. The dividends will be distributed to over 55,000 business owners, who are policyholder owners of the company, in late June.
Texas Mutual paid its first dividend in 1999, and this year’s payout brings the total to $2.8 billion delivered back to Texas businesses over the last 21 years. The dividend program is the company’s way of sharing its success with its customers who prevent workplace accidents and help injured workers get back on the job. Watch the video below to find out more about how ownership pays at Texas Mutual.
Visit Texas Mutual's website by CLICKING HERE to learn more and read FAQ's on Workers' Comp Policyholder Dividends.
According to the American Cancer Society, cancer is the second most common cause of death in the US, exceeded only by heart disease. In the US, approximately 39 out of 100 men and 38 out of 100 women will develop cancer during their lifetime.
In the United States, 1,762,450 new cancer cases are expected to be diagnosed in 2019. This estimate does not include carcinoma in situ (noninvasive cancer) of any site except urinary bladder, nor does it include basal cell or squamous cell skin cancers because these are not required to be reported to cancer registries. About 606,880 Americans are expected to die of cancer in 2019, which translates to about 1,660 deaths per day.
A breakdown of some of the most common types of cancer and the estimated number of new cancer cases and deaths in the US for 2019:
In Texas, 124,890 new cancer cases are expected to be diagnosed in 2019 and 41,300 Texans are expected to die of cancer in 2019. To put this into perspective, the number of new cancer cases expected in Texas in 2019 is similar to the entire city population of Round Rock, Carrollton, Abilene, The Woodlands or Pearland. The expected number of cancer deaths in Texas in 2019 is similar to the entire city population of San Marcos, Grapevine, Galveston, Spring or DeSoto.
According to Forbes (contributor Arlene Weintraub on August 10, 2017), the median monthly out-of-pocket costs for cancer treatments is $703 or $8,436 annually. This is where WinStar Insurance Group can help. Cancer / Critical Illness Insurance helps supplement your major medical coverage by providing a lump-sum benefit that you can use to pay direct and indirect costs.
For more information or a free quote on Cancer / Critical Illness insurance, contact Tom Newby at 512-628-5189 or firstname.lastname@example.org.
CONGRATULATIONS to the following recipients of the 2019 Emergency Responder Health and Wellness Grant sponsored by VFIS of Texas and Texas Mutual! We received a record-breaking 126 grant applications requesting more than $542,000. Award letters will be sent to each of these recipients in the next few days.
Applications for the 2020 Health & Wellness Grant will open in July/August 2019. Stay tuned!
Every organization operating today has key people that help it remain successful and profitable. Although most organizations insure their property and assets, few think to insure their most precious assets--the men and women whose education, experience, talent, and judgment contributes substantially to the financial success of the organization. Loss of a key person can adversely affect the organization’s operating efficiency, and will cause expenses related to finding his/her replacement.
Typical losses associated with losing a key person include:
Closely held organizations are particularly at risk since there are typically one or two people whose skill and contacts make the organization operate effectively. This is incredibly true for certain high ranking members of fire departments.
How Key Person Insurance Works
The organization purchases a key person life insurance policy on the key employee. The organization is the owner and beneficiary of the policy. There is no one special key person policy. The organization should choose the policy that best fits its needs.
The organization makes non-deductible premium payments and retains all ownership rights. Cash values inside the policy grow tax-free.
If the key person dies, the organization will receive income tax free death proceeds if the two requirements of the Pension Protection Act of 2006 are met:
To learn more about Key Person Insurance or to get a Quote, contact our Employee Benefits Sales Executive Tom Newby at (512) 628-5189 or email@example.com.
Check out the video above showcasing Tanglewood VFD & how they utilized their 2018 Grant funds
2019 Emergency Responder Health & Wellness Grant - VFIS of Texas and Texas Mutual Insurance Company are once again pleased to sponsor a need-based Health & Wellness Grant program for fire departments and non-profit EMS organizations in Texas. Grants up to $5,000 will be awarded based on financial need and are intended to encourage participation in a health & wellness program to prevent emergency responder deaths and injuries. Departments will need to apply for the grant, expend the funds and then send in copies of receipts in order to receive the grant funds Grant application deadline is December 31, 2018.
Who is eligible:
What is eligible:
How it works:
**THE DEADLINE TO APPLY IS DECEMBER 31, 2018.**
DOWNLOAD GRANT APPLICATION HERE
How to Apply:
VFIS of Texas
3420 Executive Center Dr, #301
Austin, TX 78731
2020 Grant Applications will be Open around July/August 2019.
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VFIS of Texas NEWS
Here you will find helpful information regarding firefighters, ems responders, and updates in insurance policies.