Bacchus Insurance Group - B.I.G. Tips to Financial Independence

November 13th, 2022

11/13/2022

Keep or change your insurance plan

Your 2023 health insurance letters
If you had a 2022 Marketplace insurance plan, you should have gotten two 2023 re-enrollment letters one from your insurance company and one from the Health Insurance Marketplace®.
Your Marketplace letter includes:

Anything you must do to get a premium tax credit for 2023. You may have to send documents, like tax or income information.
How to update your application to make sure you get the right savings for the year.

Your insurance company letter includes:

Whether your 2022 plan is available in 2023.
If not, whether the company is offering you a similar or alternate plan.
Any changes to the plan for 2023.
The 2023 premium, after any premium tax credit has been applied. The tax credit may be based on your 2022 information or on information the Marketplace has from other sources.

Check your plan options here:
https://www.healthsherpa.com/?_agent_id=shantel-bacchus

Store your letters in a safe spot until you need them
Be sure to keep your Marketplace and insurance company letters in a safe place and have them handy when you enroll in 2023 health coverage.

WHO NEEDS LIFE INSURANCE AND WHY YOU SHOULD GET IT!

9/11/2022

Most people don't like to think about their own mortality, but it's important to have a plan in place in case something happens to you. That's where life insurance comes in. Life insurance is a contract between you and an insurance company in which you pay premiums and the company pays out a sum of money to your beneficiaries if you die. In this blog post, we'll discuss who needs life insurance and why it's so important.

Who Needs Life Insurance?

Generally speaking, anyone who has dependents should have life insurance. If something were to happen to you, your dependents would need a financial safety net to fall back on. This is especially true if you are the primary breadwinner in your household. However, even if you're not the primary breadwinner, you may still need life insurance if you provide essential services such as child care or caretaking for elderly family members.

In addition to people who have dependents, anyone with significant debt should also consider getting life insurance. If you die without life insurance, your loved ones may be left with the burden of paying off your debts, which can be extremely difficult.

Why You Should Get Life Insurance

There are a number of reasons why you should get life insurance, even if you don't think you need it. First and foremost, it's important to have a plan in place in case something happens to you. No one likes to think about their own death, but it's important to be prepared for the worst-case scenario.

In addition, life insurance can act as a forced savings account. Many people struggle to save money because they have other expenses that take priority. However, with life insurance, you're required to make regular premium payments whether you want to or not. This can help you build up a nest egg that you can use for retirement or other purposes.

Finally, life insurance can give you peace of mind knowing that your loved ones will be taken care of financially if something happens to you. This can be an invaluable gift, especially if you have young children or elderly parents who rely on you financially.

There's no question that life insurance is a vital part of financial planning for most people. If you have dependents or significant debt, it's important to have a life insurance policy in place in case something happens to you. In addition, life insurance can act as a forced savings account and provide peace of mind knowing that your loved ones will be taken care of financially if something happens to you.

Contact Bacchus Insurance Group (BIG) today to schedule a confidential, no-obligation review of your insurance plan:

https://linktr.ee/ShantelSBacchus

At Bachus Insurance Group (BIG), we're BIG on Customer Service!

BIG OFFERS THE INSURANCE NEEDED TO SELL ON AMAZON

2/11/2022

Commercial liability insurance will protect you from incidents resulting from the products you sell, and give you peace of mind while you focus on growing your business. Under section 9 of the Amazon Services Business Solutions Agreement, you are required to obtain and maintain commercial liability insurance within 30 days after exceeding $10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.

You may purchase either commercial general, excess, or umbrella liability insurance. When you decide on an insurance, your policy should cover all products you list for sale on Amazon.

Insurance policy criteria

Your commercial liability insurance policy must meet all of the following criteria:

1. The insurance policy type can be either commercial general, umbrella, or excess liability and be occurrence based, except for certain product categories (see What if I cannot secure an occurrence-based policy for the products that I sell?);

2. The policy limit must be at least $1 million per occurrence and in aggregate, and cover liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury;

3. The deductible for any policy(ies) must not be greater than $10,000 and any deductible amount must be listed on the certificate(s) of insurance;

4. The policy must cover all sales from products you have listed on the Amazon website;

5. The policy must name "Amazon.com Services LLC and its affiliates and assignees" as additional insureds;

6. Your insured name must match the “legal entity” name you provided to Amazon (to view your legal entity name, see your Account Info);

8. Your insurance provider must have global claim handling capability and a financial rating of S&P A- and/or AM Best A- or better (if S&P or AM best is not valid or used in the country where you are required to obtain insurance, a local equivalent is allowed);

9. The policy must be completed in its entirety and signed; and

10. Your insurance provider must give Amazon at least 30 days’ notice of cancellation, modification or nonrenewal.

Full requirements can be found on Amazon Seller at

https://sellercentral.amazon.com/help/hub/reference/G200386300?ref=ag_G200386300_cont_521&locale=en_US&returnFromLogin=1&mons_sel_dir_mcid=amzn1.merchant.d.AAO2KVXNG7IY75EL7SMJDQ7EREQQ&mons_sel_mkid=ATVPDKIKX0DER&mons_sel_dir_paid=amzn1.pa.d.ADEL57SLG5HS76ELRQTPO4ZBXGGA

Amazon Seller Central website 02/11/22

IS YOUR PODCAST COVERED?

10/28/2021

Professional liability insurance is a must for any business that provides services to the public. It protects you and your business from claims of negligence, errors, omissions or other professional mistakes.

If you’re like most professionals, it’s likely that you don’t have time to research what type of coverage is right for you and your practice. We can help! Our team has years of experience in this industry and we know how important it is to find the best policy at the best price possible. Let us take care of all your insurance needs so you can focus on running your practice without worrying about protecting yourself against lawsuits.

You need professional liability insurance but don’t want to spend hours researching companies online? Bacchus Insurance Group offers free quotes with no obligation – just fill out our form today! We offer competitive rates on policies from top-rated carriers so we can get started finding the right plan for you as soon as possible. Don't wait another minute - click here now!

http://www.bacchusinsurancegroup.com/contact-us.html

Click here now and let us start getting quotes for your professional liability insurance!

Today is recognized as International Day of the Girl

10/11/2021

International Day of the Girl is a day to recognize girls' rights and the unique challenges they face.

Interest: Did you know that over 130 million girls are not in school today? That’s almost 1 out of every 3 girls around the world. And when girls aren’t in school, it can have devastating consequences for their future. It limits their opportunities, puts them at risk for child marriage and human trafficking, and keeps them from achieving their full potential as adults. But there is hope! We believe that investing in education is one of the best ways we can help empower young women to reach their full potential – both now and later on in life.

On this special day, Bacchus Insurance Group would like to take time to celebrate all our wonderful female employees who work hard everyday to make sure our customers get great insurance coverage so they can live happy lives without worrying about financial issues or medical bills getting in the way! We also want to remind everyone how important it is for us all - men AND women alike -to support organizations like Room To Read which provide access to books and educational resources so more children around the world will be able achieve an education too!

In honor of International Day of the Girl, Bacchus Insurance Group is extending our LAUNCH promotion on our eBook, How To Make Passive Income With Airbnb. This book is the blueprint for how to make passive income in the Airbnb industry.

PURCHASE A COPY FOR THE WOMAN/GIRL IN YOUR LIFE TODAY:

https://bacchus-financial-resources.sellfy.store/

Changes for Plan Year 2022: Expiration of Unemployment Compensation Benefits

9/29/2021

Messages for consumers

It’s important that consumers who are receiving the ARP UC benefits in 2021 understand those one-time extra savings aren’t available in 2022 and their financial assistance may be changing. Impacted consumers will see special language in their Marketplace Open Enrollment Notice and new content is being added to HealthCare.gov to explain the change. Consumers who don’t return to HealthCare.gov to update their Marketplace application during Open Enrollment and are automatically re-enrolled into PY 2022 coverage will also receive notices with special language that the ARP UC benefits aren’t available for 2022.

Consumers should update their Marketplace application, shop for 2022 coverage, and submit any required documents to make sure they’re getting the right coverage and savings.

Should you need assistance with updating your application or obtaining health insurance benefits in the Marketplace, contact us at 414-716-6274 or visit us at www.healthsherpa.com/?_agent_id=shantel-bacchus

Open Enrollment for 2022 runs Monday, November 1, 2021–Saturday, January 15, 2022. Enroll by December 15, 2021 for coverage that starts January 1, 2022

National Women's Health Week in Action - May 9-15, 2021

5/12/2021

The Centers for Medicare and Medicaid Services (CMS) is continuing promoting Weeks of Action! Each week will focus on engaging a targeted population to encourage action to come to HealthCare.gov during the Special Enrollment Period and enroll in coverage or potentially take advantage of more cost savings.

The week of May 9-15 is National Women’s Health Week and CMS is recognizing the effort by focusing on our Women’s Health Week of Action running from May 9-15. We encourage you to help spread the word with your partners and members about helping women enroll in health insurance through HealthCare.gov. Weeks of Action focused on other populations will continue to August 15, 2021, when the SEP ends.

We have several resources for promotion this week on our partner toolkit including social media, fact sheets, graphics, etc.

We recently posted our new Week of Action Communications Toolkit which includes talking points, messaging, and a drop in article that can be customized for your organization.

There are also two Twitter chats scheduled this week with our federal partners for your participation:

Tuesday, May 11th - FDA & HHS Office of Women’s Health -
2-3pm;
Wednesday, May 12th - HRSA Office of Women’s Health - 1-2pm.

For more information, contact the CMS Office of Communications Partner Relations Group at Partnerships@cms.hhs.gov or view our website for further resources.

BREAST CANCER AWARENESS WITH DANA JOHNSON OF THE PINK TABLE TALK

3/17/2021

With the world beginning to open back up since the COVID-19 Pandemic, I think it's still important to recognize other health topics of concern. Breast Cancer Awareness comes to mind since this is the time of year that I have begun Spring Cleaning and getting back out in the yard.

While we women are cleaning out our closets and getting our children back into their activities, let's be sure to keep an eye on our health and happiness (mentally and physically).

Here's a conversation that I had with Dana Johnson of the Pink Table Talk on how we women can raise awareness for ourselves and those around us.

I hope you enjoy!

youtu.be/ea-Ep_9zI5k

Marketplace 2021 Special Enrollment Period

2/15/2021

Today, in accordance with the Executive Order signed by President Biden, the Centers for Medicare & Medicaid Services (CMS) is announcing that the Special Enrollment Period (SEP) for the Health Insurance Marketplace® will officially be available to consumers in the 36 states that use the HealthCare.gov platform on Monday, February 15, and will continue through Saturday, May 15. At least 13 States plus the District of Columbia, which operate their own Marketplace platforms, have decided to offer a similar opportunity.

"President Biden was clear: we need to strengthen the Affordable Care Act and give more Americans access to health care, especially during this pandemic, which has further demonstrated the importance of having the right coverage. This Special Enrollment Period will give Americans who need affordable, quality health insurance an opportunity to get covered, and we encourage folks to head to HealthCare.gov starting on Monday to explore their options," said HHS Acting Secretary Norris Cochran.

To read the press release, visit: https://www.hhs.gov/about/news/2021/02/12/2021-special-enrollment-period-marketplace-coverage-starts-healthcaregov.html

*Article provided by email received by Marketplace@healthcare.gov on 02/12/21 at 11:16 am

ANTHEM RE-ENTERS THE WISCONSIN MARKETPLACE

10/4/2020

Anthem partners with Ascension to offer Individual health plans in Wisconsin
Anthem Individual health care plans will be available to Wisconsin consumers this fall for the 2021 plan year. Anthem has partnered with Ascension Wisconsin as its core health care provider for plans in six southeastern Wisconsin counties: Milwaukee, Waukesha, Racine, Kenosha, Ozaukee, and Washington.

The Anthem plans will feature Ascension’s integrated care delivery network of 22 hospitals; more than 110 care locations; and 1,000 physicians, including 470 primary care doctors and 430 specialists. The plans will also include Children’s Wisconsin for pediatric care.

Ascension, one of the leading non-profit health systems in the U.S., shares Anthem’s commitment to Wisconsin’s communities and its goal to build a better health care system that improves quality, lowers cost, and provides a better patient experience.

Pricing and plan details for the ACA-compliant plans will be available in a few weeks when the pre-enrollment shopping period begins on October 1, 2020. Open Enrollment for the health exchange at healthcare.gov begins November 1, 2020, and ends December 15, 2020.

Please contact Bacchus Insurance Group at www.bacchusinsurancegroup.com for more information or call us at 414-716-6274.

Author

Shantel S Bacchus is the founder of Bacchus Insurance Group. She hosts the "Family Matters" podcast, which educates listeners on family matters; such as education planning, credit counseling, student businesses and other topics that are of importance to families and communities.

Author

Shantel S. Bacchus is the founder of Bacchus Insurance Group. She is a licensed and exchange certified health insurance agent, is currently studying for her ChHC with the American College of Financial Services. She has over 20 years of experience in the insurance industry, in which she has hosted several workshops on Retirement Planning, Life Insurance and Risk Management.

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