Mark Kofalt, Author at Premier Insurance Services

Changes Ahead for Medicare Plans for 2020

Post author:Mark Kofalt
Post published:October 21, 2019
Post category:Personal/Family Senior Care

As open enrollment for Medicare is just around the corner, changes are coming for 2020 that all enrollees and those who are enrolling for the first time should be aware of. Some of the changes are routine, but there are a few regarding the availability of certain plans as well as significant changes to Medicare Advantage prescription drug plans. Below is a rundown of the changes coming for the 2020 policy year. Medicare Part B The monthly premium is projected to rise to $144.30 a month, up from $135.50 in 2019. Medicare supplements Two plans will disappear for new enrollees,…

Two Real-World Lawsuits and Lessons Learned for Contractors

Post author:Mark Kofalt
Post published:October 17, 2019
Post category:Business

Things go wrong on a regular basis on construction projects. That's why contractor's liability insurance exists - to protect everyone involved. The policy holder is assured that an honest mistake or oversight will not destroy a thriving business, and the client and other stakeholders are assured that no matter what foreseeable event might come to pass, there is enough liquidity on the table to compensate them for damages incurred. Contracts contribute to damages There is the occasional straight-ahead case, but in most cases, determining a single party to be at fault is extremely difficult. Often, the actions or oversights of…

Reminder: Open Enrollment Begins Oct. 15!

Post author:Mark Kofalt
Post published:October 10, 2019
Post category:Personal/Family Senior Care

You've probably read our earlier article reminding you about Medicare Open Enrollment, beginning Oct. 15. You can read the full story here. However, due to its importance, we just wanted to send a quick reminder that it begins October 15 and runs through December 7. That's not much time to get your plans together. So here's another reminder: We can help make this as easy and painless as possible. Premier Insurance Services began decades ago as a Medicare insurance provider. We have a deep knowledge of and experience in the Medicare system — meaning, you'll get every benefit possible and…

Don’t Miss Medicare Open Enrollment!

Post author:Mark Kofalt
Post published:September 30, 2019
Post category:Personal/Family Senior Care

Don't miss the Medicare Open Enrollment Period, which, for those of you who are already enrolled, begins October 15th and runs until December 7th. That's the only time a Medicare beneficiary can ordinarily make changes to his or her existing plan, or enroll in Medicare Advantage (Part C) or the Medicare Prescription Drug Plan (Part D). However, your open enrollment period can vary depending on your specific circumstances. Turning 65 this year? If you are turning 65 this year and you are not already eligible because of a specific medical issue that may qualify you at an earlier age, then…

Will Your Insurance Protect You from a Facebook Lawsuit?

Post author:Mark Kofalt
Post published:September 26, 2019
Post category:Personal/Family

Social media has grown by leaps and bounds over the past decade. What many people don't understand are the unique risks that come along with social networking. Anyone using Facebook, Instagram, Twitter, LinkedIn or any other social networking site should exercise extreme caution in what they decide to say online. As an example, in 2013 a teenager in Florida sued some of her classmates and their parents, accusing the classmates of bullying and humiliating her in a Facebook group. In another case from 2015, a 14-year-old California girl sued her classmates - and their parents - for setting up a…

Don’t Overlook Equipment Breakdown Insurance

Post author:Mark Kofalt
Post published:September 16, 2019
Post category:Business

Imagine it's a typical summer day. You own a 30,000-square-foot office building that is 85 percent occupied. And the air conditioning and ventilation systems stop working. The outside temperature is in the 90s and the humidity is high. It doesn't take long before the tenants start to complain. The contractor you hire determines that an electrical arc fried the circuit board that controls the environmental systems. The board must be replaced, but it will take up to five business days for it to arrive. In the meantime, the building is unfit for people to work in, and the leases oblige…

Having a Baby? It’s Time to Renew All of Your Insurance.

Post author:Mark Kofalt
Post published:September 12, 2019
Post category:Personal/Family

Expecting a baby is one of the most joyous experiences in life. As you prepare your nursery, don't forget to talk to your insurance agent to make sure your coverage reflects the change in your growing family. Below are a few pointers. Health insurance Before your baby is even born, review your coverage and make sure you understand how your plan covers your new family member, as well as the mother's needs during pregnancy. Think about prenatal vitamins, prenatal screenings and neo-natal tests, delivery of your baby, and pediatric care for your newborn. Notify your insurance carrier. Generally, health insurance carriers ask…

Insure Your Classic Cars the Right Way

Post author:Mark Kofalt
Post published:September 9, 2019
Post category:Personal/Family

Insuring classic and specialty cars can be confusing for the first-time buyer, because how you cover the car depends on how you're going to use it. If you've never owned a classic before, you may not know the right questions to ask. But that's why we are here. Ask yourself if you would need any of these seven situations to be available from the company you insure your classic with: Being able to use your own mechanic for repairsBeing insured for what you feel the car's actually worthLiability insurance when participating at club eventsCoverage for damage incurred at car showsInsurance…