Cafro Agency LLC

12/16/2022

At Cafro Agency, we’ll tell you the truth about “free” Medicare plans. Message us or give us a call to learn more!

05/16/2020

With Covid-19 a stark reality, lay-offs are inevitable as soon as the subsidies run out. Remember this: you'll never be out of medical insurance if you need it, whether you can pay for it or not. Between COBRA continuation, HUSKY for adults and the Affordable Care Act, there's no reason you should be uninsured. PM me if you need more info!

03/23/2020

We are open for business... just not in the office. Be sure to call with any question!

07/17/2019

Here’s a note about networks: if you are enrolled in an HMO or, for Medicare eligible seniors, a Medicare advantage plan, your network is usually limited to CT. Consider paying just a few dollars more to have a PPO (participating provider network). With a PPO plan, networks are usually nationwide!, and you never know when your going to need a specialist in Boston or NYC!

04/04/2019

Many of you are having your ACA (Obamacare) plans cancelled because Access Health is requiring new proof of income for those of you that receive a subsidy. If this happened in error, we may be able to help! Otherwise, get those tax refunds uploaded as soon as you can.

01/10/2019

ACA sign ups have been extended! Call us today if you would like a synopsis of the new plans, of if you’d like to explore ways to reduce the prices or increase your subsidy.

11/30/2018

We are supporting Access Health this year. If you need help enrolling or picking a plan, please call for a phone or in-person appointment!

11/09/2018

Affordable Care Act open enrollment has begun! Please call early for help renewing your plan. There's no cost and we can do it on the phone.

10/16/2018

Check out my new video, Medicare 101. In it we explain the basics of Medicare and your Medicare Supplement policies!

10/09/2018

I've filmed a Medicare seminar that dispels a few of the myths concerning Medicare and Medicare Supplement plans. Please watch this if you or someone you know is eligible or will soon be eligible for Medicare. If you want more information, please visit us at www.cafroagency.com or call 860-779-DAVE (3283).

The video is free and can be seen here at www.cafroagency.com/medicare/

Cafro Agency gets you the lowest rates on group health and benefit plans, advises on the Affordable Care Act and have employer web portal.

05/07/2018

A Notice Concerning Terminated Employees

It is important to notify your broker as soon as possible if an employee terminates employment (either voluntary or involuntary) so that they can terminate benefits within the required time period. Per the State of Connecticut, an employee needs to be processed as terminated for benefits purposes before the event (if voluntary) or with 72 hours after the event.

Why is this important? If the employee is processed after the 72-hour period, it will result in the termination being effective for the 1st of the month following the notice date.

What does this mean for your organization? Increased cost on your health insurance bill. If the termination is processed within the 72-hour window, you will receive a credit on your monthly statement. If processed after the 72-hour window, you will have to pay that employee premiums for the month.

Human Resources Tip: It is important to note on the termination documentation any benefits that employee has and when they will be terminated. Providing this in writing will help avoid later disputes.

As always, we are here to answer any questions and can be reached directly at 860-779-3283.

Cafro Agency

Cafro Agency gets you the lowest rates on group health and benefit plans, advises on the Affordable Care Act and have employer web portal.

04/26/2018

Since most employers that offer medical insurance allow employee deductions for their part of the premium, you should know that it is mandatory in CT that they allow the choice of having those deductions come out before taxes.


Section 125 Requirements

"Optional Exclusion of Employee Health Insurance Premiums From Gross Income"

"Any employer that provides health insurance benefits to its employees for which any portion of the premiums are deducted from the employees' pay shall offer such employees the opportunity to have such portion excluded from their gross income for state or federal income tax purposes, except as required under Section 125 of the Internal Revenue Code of 1986,1 or any subsequent corresponding internal revenue code of the United States, as from time to time amended." (C.G.S.A. § 31-51uu)

For more information regarding Section 125 please visit:

https://www.irs.gov/government-entities/federal-state-local-governments/faqs-for-government-entities-regarding-cafeteria-plans

If you do not have a Section 125 plan and are interested in purchasing one please click below to be directed to our website.

http://www.flexaffiliates.com/plan/Cafro/

Insights into situations involving Section 125 employee benefit plans.