New Provisions for Continuation fo Dependent Child Coverage
On July 1st 2008 HF 2539 went into effect. This legislation passed by the Iowa Legislature includes both changes to dependent eligibility and creditable coverage for non-government program insurance subscribers in Iowa. Each Health Insurance Carrier has interpreted the law as they see fit their contracts.
The new law changes the maximum age for children to remain covered until the age of 25, which was formerly 19 years old in most cases. There is no maximum age for full-time students under this law.
The types of plans that are affected by the state regulation are: Individual plans, insurance plans provided by employer groups subject to Iowa law and self-funded plans for employees of state, county or municipal governments are subject to this law. Many large employers and medium-sized employer group will not be subject to this law, if they are self-funded plans, as such plans are not subject to regulation by this state.
For more specific information concerning this law change please feel free to contact the Ahrold Fay Rosenberg Benefits Division at 515-309-6200 or CLICK HERE to visit the following website for the bill summary.
Ahrold Fay Rosenberg, Inc. Recognized for Outstanding Performance
EMC Insurance Companies has announced its 2008 “Leading Partners” and has distinguished Ahrold Fay Rosenberg, Inc. of Des Moines, Iowa. Ahrold Fay Rosenberg, Inc. is one of the highest-performing EMC agencies in the country, placing them in the top 15 percent of all EMC agencies nationally.
This annual award is based on key indicators including retention, profitability and growth, which are reviewed over a three-year period.
EMC developed its signature “Agency Performance Value” (APV) tool in 2005 to measure an agency’s performance against all other EMC agencies nationally. Agencies are evaluated on loss ratio, premium volume, policy and premium growth, policy and premium retention and the position of EMC within the agency.
Ahrold Fay Rosenberg, Inc. offers property and casualty insurance, as well as surety bonds and employee benefits.For more information, visit http://www.afrinsurance.com/.
EMC Insurance Companies is a property/casualty insurance carrier headquartered in Des Moines, Iowa. With assets of nearly $3 billion, EMC is one of the largest property and casualty entities in Iowa and among the top 60 insurance entities countrywide. Approximately 85 percent of the company’s business is in commercial lines, with the remaining 15 percent in personal lines. To learn more, visit www.emcinsurance.com.