Helpful Info: Health Savings Account Contribution Rules

February 15, 2019

Many employers offer high deductible health plans (HDHPs) to control premium costs and pair this coverage with HSAs to help employees with their health care expenses. Due to an HSA’s potential tax savings, federal tax law includes strict rules for HSA contributions. Click here for a Compliance Overview summarizes the contribution rules for HSAs.  (PDF, … Read More

ATV Info – Is there an age limit for operating an ATV in Maine?

January 14, 2019

Whenever you own and operate a motor vehicle, regardless if it is for recreation or normal transportation, it is critical to follow all of Maine’s legal requirements, both for insurance coverage and for who rides (and operates) the vehicle. With regards to ATVs, there are unique requirements specific to Maine, so if you’ve moved from … Read More

Is Snowmobile Insurance Required in Maine?

January 3, 2019

Like a car, you must register your snowmobile if you own it in Maine. When it comes to insurance, however, the law is much more flexible. In fact, there are no real Maine snowmobile insurance requirements or licensing requirements – only laws determining who can ride, as well as how and where they can ride. … Read More

Some Best Practices for Health Insurance Enrollment

December 12, 2018

Health insurance is a valuable benefit offered by businesses to their employees. You’re glad it’s there, but let’s be realistic – when it comes to the paperwork involved, we know many people would rather be doing something else. Here are some best practices to streamline your business’s health insurance enrollment. 1. Plan ahead by creating … Read More

Let’s Talk About Flood Insurance

September 24, 2018

The very first thing you need to know about flood insurance is that it is not included in a standard homeowners insurance policy. Sometimes a property is in a flood zone and a lender requires flood insurance. Perhaps the flood maps in your area have changed and your property (or part of it)  has been … Read More

Insurance Term: Insurance to Value

August 29, 2018

Imagine how devastating it would be to lose your home in a fire. Now imagine not being able to rebuild it completely because you didn’t have the correct amount of insurance. Selecting the proper amount of coverage is the single most important decision you can make with your Homeowners policy. Without it, you may not … Read More

2019 Open Enrollment Checklist for Group Health Insurance

August 17, 2018

To prepare for open enrollment, health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2019. In addition, health plan sponsors should make sure that open enrollment packages include certain participant notices. This Compliance Overview includes an open … Read More

Karen Reed Earns CPIA Designation

July 12, 2018

Karen Reed, a member of our business insurance team, recently earned the designation of Certified Professional Insurance Agent (CPIA), a professional designation conferred by the American Insurance Marketing and Sales Society (the AIMS Society). The CPIA designation, received after completion of three in-depth seminars, stands for professionalism, commitment to sales training and results, and technical … Read More

Travel and Trip Insurance to Protect Your Investment

June 19, 2018

Vacations can sometimes cost thousands of dollars so it is important to have the proper insurance protection in case the cruise or tour operator goes bankrupt or you need to cancel the trip due to illness or other unforeseen events. There are four major types of travel insurance, although you can also purchase packages that … Read More

Rate Hikes Sought by Maine’s ACA Insurers

June 6, 2018

Maine’s two leading providers of Affordable Care Act-compliant individual health insurance are requesting average rate increases of just over 9 percent in 2019, and smaller increases if a state-run reinsurance program is revived. Maine media has covered this news, including this story from the  Portland Press Herald.  Click here.