Ricks Consulting is Helping families and businesses in the toughest times in life with Accident, Cancer, disability, Dental, Vision, Hospital and Life.
How much do you understand about your #Healthcare Plan?
Can you afford to be out of work for more the two weeks?
Will your employer keep playing you if your out sick, get cancer, have a #heart attack or stroke?
Do you have enough saving to last 6 months to 1 year?
Know anyone that has lost everything cause they got sick? (#cancer, heart attack, #stroke etc)
The above questions are very real and folk just like me and you have or have had these issues and its never to late Need Help Understanding? Click here and maybe I can help
Let Aflac help make tax savings easy and give your employees the savings they deserve through Section 125 Cafeteria Plans and put all our services at your fingertips.
Aflac helps companies administer premium-only plans and Flexible Spending Accounts (FSAs) provided by WageWorks®, a preferred partner of Aflac.
With Aflac cafeteria plans, you can reduce your employees’ taxable income, thereby reducing your share of FICA and FUTA taxes. This could mean a savings for you and your employees. The administration of flexible spending account plans doesn’t have to be complicated. WageWorks can work with you to implement and assist with administration of a Flexible Spending Account plan at minimal cost.
Employees sign up for the Flexible Spending Account plan and estimate the amount of anticipated out-of-pocket medical or dependent care expenses for the year.
Then, they have the corresponding amount deducted in equal installments from each paycheck.
As employees incur medical or dependent care services, they submit paperwork (or use their takecare® Card, if eligible) and get reimbursed with their own tax-free dollars.
Not only do you enhance your employee benefit plan by making Aflac insurance policies available to your employees on a pre-tax basis, but you actually save money too. Extend your offering and savings with Unreimbursed Medical (URM) and Dependent Day Care (DDC) FSAs.
takecare® Card
Convenience and ease of use are essential to attaining high usage rates with your flexible spending account plan. The takecare® Card is a fast and easy way for participating employees to access Unreimbursed Medical (URM) funds at the point of purchase. It looks and works like a credit card, eliminating the need for your employees to use out-of-pocket dollars to pay for eligible medical, dental and prescription expenses. Your company benefits by reducing the administrative costs associated with managing a paper process and your employees benefit by accessing their URM funds directly. There is no need to wait for claims to be processed and funds to be reimbursed.
Employers offering Cafeteria Plans can amend their plan documents to reflect recent changes enacted under the Patient Protection and Affordable Care Act. The documents below are sample amendments covering transition and health Flexible Spending Account (FSA) carryover rule changes.
Employers can amend Section 125 cafeteria plans to provide a carryover of up to $500 of unused health FSA amounts into the next cafeteria plan year (immediately following the previous plan year only). The carryover can be used to pay or reimburse for health FSA medical expenses incurred during the entire plan year in which it is carried over. The carryover does not count against the annual $2,550 (indexed) salary reduction for the new year.
Plans that adopt the carryover provision are not permitted to provide a grace period with respect to health FSAs. For plan years beginning in 2013, the amendment can be adopted at any time on or before the last day of the plan year beginning in 2014. Plan participants must also be informed of the carryover provision. See IRS Notice 2013-71 for more information.
Carryover rule amendment option B: Includes carryover language for use with plans that need to eliminate an existing grace period to provide for the $500 carryover provision.
Contact me for your 15 minute consultation and see if these services will heklp you and your business WIN-WIN
Hearing “you have cancer” from your doctor is something no one wants to experience at any point in life. But shockingly, half of all adults will get a cancer diagnosis, according to a new study from the British Journal of Cancer, which predicts that one out of every two U.K. adults born in 1960 will develop the disease during their lifetime.
Broken down by gender, the numbers slightly favor women, but only because more men smoke: Men born in 1960 have a lifetime cancer risk of 53.5 percent, while the risk is 47.5 percent for women. The study forecasts a rise in cancer rates; by contrast, only one in three U.K. residents born in 1930 were projected to get cancer.It’s scary news, but do the numbers translate across the pond here in America?
They line up pretty closely, says Len Lichtenfeld, M.D., deputy chief medical officer for the American Cancer Society, with one in two men and one in three women in the U.S. expected to be diagnosed with the big C.
“The numbers reflect a few things: First, people are living longer, and advancing age is a significant risk factor for cancer,” says Lichtenfeld. “Also, we’re diagnosing cancer at greater rates because of technological advances in screening, such as mammography for breast cancer and PSA tests for prostate cancer.”
Speaking of better diagnostic tools, this is the reason for some good news concerning cancer: While more people are receiving a cancer diagnosis, the death rates for the disease have been steadily going down.
“Since the early 1990s, cancer deaths have declined about 20 percent,” says Lichtenfeld.
And keep in mind that the stats, while startling, don’t take into account an individual’s lifestyle, which plays a role. Not using tobacco, being active, maintaining a healthy weight, and eating a diet high in fruits and vegetables and low in processed food are all things that can keep your lifetime cancer risk lower than the numbers predict.
Simply put, voluntary or supplemental insurance plans help people protect their financial wellbeing in the event of a serious accident or illness. —Voluntary insurance offers a way to stay ahead of the medical and out-of-pocket expenses that major medical insurance does not cover and that add up quickly after an accidental injury or illness. From emergency treatment and transportation costs to receive care, or your everyday bills, voluntary insurance pays cash benefits directly to the policyholder (unless otherwise assigned), and the policyholder decides how or when to use the money.
Takes a quick look at four popular policies: • Accident Insurance • Cancer Insurance • Hospital Indemnity Insurance • Short-term Disability Insurance
Voluntary insurance works with major medical
coverage to provide an essential safety net
Supplemental policies, like the ones
offered by Aflac, work together with
major medical insurance to help provide
protection to policyholders. As health
care costs continue to rise, these policies
help provide an affordable extra layer
of financial protection for your family.
Unlike major medical insurance, these
policies pay cash benefits directly to the
policyholder (unless assigned otherwise) if
they get sick or injured.
While no one anticipates the unexpected, more than 38.9 million medically consulted injuries
occur in a year.
These injuries pose more than simply a health risk, but also a risk to financial
security. Illness or medical bills contributed to 62.1% of bankruptcies in 2007, and threequarters
of these debtors had medical insurance.
Often, having these policies can save
individuals and their families from out-of-pocket costs, unexpected debt and even bankruptcy
— helping them to focus on getting better and getting back to work.
More Relevant Than Ever
Before
Health care reform and increasing health
care costs continue to drive demand for
voluntary benefits — and for good reason.
As the cost of health care rises, employees
are shouldering both additional health care
costs and decision-making responsibility.
Individuals and their families also face
more decisions as health care becomes
more consumer-driven, and new options
become available to them through health
care reform.
Even with a comprehensive major medical plan, the out-of-pocket costs (both medical
and non-medical related) can be substantial. In fact, 44% of workers would have to
use a credit card or borrow from friends or family to pay for out-of-pocket expenses
associated with a serious illness or accident.
For many, voluntary benefits help solve
a number of concerns and challenges that are surfacing during this time of health care
and financial insecurity.
Unlike major medical
insurance, these
supplemental
policies pay cash
benefits directly to
the policyholder.
COLUMBUS, Ga., March 7, 2016 /PRNewswire/ -- Aflac, the leader of voluntary insurance sales at the worksite in the United States, announced today it has been named to the Ethisphere Institute's 2016 World's Most Ethical Companies list. This marks 10 consecutive years that Aflac has appeared on this prestigious list, making them the sole insurance company to have appeared on the list every year since its inception. All told, 131 companies made the list this year, eight of which are 10-time recipients, including Aflac.
"Appearing on Ethisphere's list of the World's Most Ethical Companies for an amazing 10 consecutive years is an honor and, in today's climate, a welcomed validation of our business practices," Aflac Chairman and CEO Dan Amos said. "Research continues to show that consumers and investors have a heightened expectation for companies to behave ethically and responsibly, so we are proud to receive this award from Ethisphere, a top authority in the field of corporate ethics."
This year marks the 10th anniversary of Ethisphere and the World's Most Ethical Companies designation, which, according to Ethisphere, recognizes companies that align principle with action, work tirelessly to make trust part of their corporate DNA and, in doing so, shape future industry standards by introducing tomorrow's best practices today.
"Operating in an industry where trust is everything, Aflac has a longstanding history of transparency and leadership in governance practices that has earned them that trust," explained Ethisphere's Chief Executive Officer Timothy Erblich. "Their unwavering commitment to the communities in which they operate around the globe and their values-based leadership approach are only a few of the reasons they have made the list since its inception, 10 years running. Congratulations to everyone at Aflac for being recognized as a 2016 World's Most Ethical Company."
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere's World's Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
The scores provided to all companies that participate in the process are generated in five key categories: ethics and compliance program (35 percent); corporate citizenship and responsibility (20 percent); culture of ethics (20 percent); governance (15 percent); and leadership, innovation and reputation (10 percent). Visit http://worldsmostethicalcompanies.ethisphere.com/honorees for a complete list of this year's honorees.
Best practices and insights from the 2016 honorees will be released in the form of a whitepaper and infographics over the next few months (download the 2015 insights). Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.
ABOUT AFLAC
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leader of voluntary insurance sales at the worksite. Through its trailblazing One Day PaySM initiative, Aflac U.S. can receive, process, approve and disburse payment for eligible claims in one business day. In Japan, Aflac is a leading provider of medical and cancer insurance and insures 1 in 4 households. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For a decade straight, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies, the only insurance company to appear on the list every year since its inception. In 2016, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 18th consecutive year. Also, in 2016, Fortune magazine included Aflac on its list of Most Admired Companies for the 15th time, ranking the company No. 1 in innovation for the insurance, life and health category for the second consecutive year. In 2015, Aflac's contact centers were recognized by J.D. Power by providing "An Outstanding Customer Service Experience" for the Live Phone Channel. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac and One Day PaySM, visit aflac.com or espanol.aflac.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at: http://ethisphere.com.
American Family Life Assurance Company (Aflac), is among the most respected insurance companies in the US. It was started by three brothers: Paul, John and Bill Amos in 1955. Aflac very quickly became popular and sold over 6,400 policies and accumulated more than $380,000 in assets in its first year of doing business. Aflac has a wide variety of health and accident insurance policies to meet the needs of almost every person and employer alike. As of 2003, over 98% of all Aflac plans sold in the US were issued through payroll deduction, a great convenience to the customer making the insurance firm a frontrunner in using that type of policy distribution approach.
As Aflac's motto states they will make cash payments to their clients when they get hurt and are unable to work. To this end, they offer many types of insurance packages for business owners, employers and individuals covering:
Accident/Disability
Cancer/Specified Disease
Hospital Intensive Care
Specific Health Event
Vision
Dental
Critical Care and Recovery
Long-term Care
Hospital Confinement/Sickness Indemnity
Medicare Supplement
Short-term Disability
Life Insurance
Child Life Insurance
Even though many company execs who monitor the positive characteristics of insurance coverage have privately acknowledged that customer service can be somewhat spotty, which seems to fall in line with the insurance coverage in the marketplace, many clients have related very positive experiences with customer service reps and sales consultants.
Some positive points that should be considered when looking at Aflac insurance plans are:
Portability
They pay you directly
A wide variety of plan packages
Coverage for some preventive care
Simple to complete claim forms
Also available from the company are packages covering dependent day-care, un-reimbursed medical expenses, and portable flexible spending accounts. The company also provides human resources services for COBRA and HIPAA management.
The company's network marketing sales structure has made it among the most prosperous in the country. Even though sales consultants earn lower commissions on average than other insurance companies they have created a very profitable business model.
It's simple to get coverage from Aflac. You simply need to request a quote from them and then meet with a policy consultant to discuss your particular needs. In general, Aflac has proven to be a trusted and reliable supplemental insurance company that offers a wide variety of insurance products at reasonable rates.
October 2015 Giving is more than an altruistic act of kindness. Embracing a good cause can have a powerful impact on society and a positive impact on a company’s bottom line, allowing the company to make a sustainable difference. Here are three powerful benefits of embracing a good cause:
Cause wins consumers’ hearts. Having a socially responsible cause can actually make the difference between making a sale and being passed over for the competition. Hands down, the majority of global consumers (90 percent) are likely to switch brands to one associated with a good cause, given comparable price and quality, and 63 percent bought a product associated with a cause over the last 12 months.1
Cause builds a premium for your product or service. Embracing a good cause can make a difference in the margin consumers are willing to pay for your product or service. More than half of global consumers (55 percent) said they would be willing to reward companies that give back to society by actually paying more for their goods and services.2
Cause boosts your recruitment strategy. 57 percent of consumers say they’d like to work for a company that actively supports a good cause. And a full 48 percent say they do not want to work for a company that does not actively support a good cause.3
