The Peters Financial Group, Inc.

The Peters Financial Group, Inc. Rhonda began her career in the insurance field at Horizon Blue Cross Blue Shield of New Jersey in the individual and small employer health insurance arena.

The Peters Financial Group specializes in all aspects of employee benefits. The Peters Financial Group also helps indiiduals solve their insurance needs.

09/15/2021

Anyone turning 65 om the next 6 months can get a Medicare Supplement plan. -

When someone turns 65 or enrolls in Medicare Part B for the first time (whichever comes later) they become eligible for the Medigap Open Enrollment Period.

During this period any and all Medicare Supplement plans must accept you regardless of previous health status.

Medicare Supplement Plan benefits are standardized, the only difference is the PRICE!

Call The Peters Financial Group at 973-509-9743 to learn more.

10/26/2020

The annual Medicare Annual Election Period (AEP) is here. From now until December 7, 2020 you can make a change to your Medicare Advantage or Prescription Drug (Part D) plan. If you have any questions please call.

04/16/2020

10,000 people per day become Medicare eligible. If you have questions about what your options are please call us.

12/19/2019

MACRA Impacts Medicare Supplement Plans. Starting January 1, 2020 the Medicare Access and CHIP Reauthorization act of 2015 (MACRA) will impact Medicare Supplemental plan options.

Anyone that is newly eligible for Medicare cannot purchase Plans F, C or high-deductible F.

Anyone previously eligible for Original Medicare-either A, B, or both- will be able to enroll in Plans, F, C or high deductible F pending medical underwriting.

Plans D and G are the guarantee issue plans for newly eligible beneficiaries.

High deductible G will Ave available for purchase for newly eligible a well as current beneficiaries.

07/10/2019

I will be at the CVS on Claremont Avenue in Montclair today from 12:00 to 2:00 ready to answer all your questions on Aetna Medicare Solutions and Medicare in general. I hope to see you there!

New Jersey adopted a state-level individual mandate requiring NJ taxpayers to be covered under a minimum essential cover...
05/20/2019

New Jersey adopted a state-level individual mandate requiring NJ taxpayers to be covered under a minimum essential coverage plan (MEC) during each month of the year. Beginning January 1, 2019, New Jersey will require its residents to maintain health insurance.

The law requires residents to have minimum essential health coverage throughout 2019 and beyond, unless they qualify for an exemption.

Failure to have health coverage or qualify for an exemption will result in a Shared Responsibility Payment when the 2019 New Jersey Income Tax return is filed.

The following are examples of what the payment could be:

Individual taxpayer:

Minimum: $695 to a maximum of $3,012
Family with two adults and three dependents and household income of $200,000 or below:
Minimum: $2,085 to a maximum of $4,500
Note: Household income is the income of all members in a household, including dependents.

12/18/2018

Despite a ruling from a Texas judge, the Affordable Care Act (ACA) is still in place and it is business as usual. Although the individual mandate has been eliminated on the federal level, New Jersey will impose the penalty for individuals who do not have minimum essential coverage beginning in 2019.

For now the ACA remains in effect.

12/07/2018

Here’s something you don’t hear often: the cost of health care coverage in New Jersey is actually going down! That’s right. Rates for many New Jersey plans in the Healthcare.gov marketplace are cheaper for 2019 than they were in 2018.

But you can’t get these savings if you don’t enroll by December 15th. Go to Healthcare.gov now and sign up.

If you or someone you know don’t get health benefits from your employer or through a federal program like Medicare, you must sign up for health insurance coverage by December 15th. Go to Healthcare.gov now—every plan includes quality coverage for pre-existing conditions, prescription drug benefits, access to specialists and more.

Don’t wait. The deadline is right around the corner. Get online. Make the call.

11/26/2018

Congratulations! The 2019 ACA (Affordable Care Act) enrollment period has been shortened from 90 days to 45 days (November 1- December 15, 2018), and the advertising budget to promote open enrollment has been slashed in an effort to further sabotage the program.

That's why you're seeing zero advertising about the enrollment window. We are posting this and using the word congratulations so it gets posted more frequently, via the FB algorithms.

The 2019 Open Enrollment Period runs from Thursday, November 1, 2018, to Saturday, December 15, 2018. If you don't act by December 15, you can't get 2019 coverage unless you qualify for a Special Enrollment Period. Plans sold during Open Enrollment start January 1, 2019.

Please ***copy and paste*** (not share) and post publicly on your own timeline to help spread the word. Also, comment on the posts you see to bump them up in feeds.

Someone you know may desperately need health care and the smaller the pool, the higher the premiums, which is exactly the opposite of what was intended when the ACA was passed.

06/05/2018

The New Jersey Health Insurance Preservation Act (A3380) has been signed inot law by Govenor Murphy, making New Jersey the second state to i
mplement an individual mandate. The implementation of the mandate is expected to bring in $90-100 million in revenue generated from penalities which will be used to fund the state's reinsurance program.

With the federal government zeroing out the indiviudal mandate penalty, the New Jersey legislature became concerned it would adversity affect the market. According to legislators, with 90% of New Jersey's population being insured, A3380 will keep the market stable.

The mandate will go into effect January 1, 2019.

02/28/2018

Female Contraceptive Coverage

P.L. 2017, c. 241 requires health insurance coverage for female contraceptives to include prescriptions for up to six months.

This includes coverage for female contraceptives drugs and devices. The dispensing quantity has increased to up to six months, but to no longer than the next plan renewal date.

A first time dispense can be limited to three months to assure the drug is tolerated.

Employers with a religious objection may have this benefit excluded.

Effective for new plans on or after February 15, 2018.
Effective upon renewal for existing plans on or after February 15, 2018

Address

Montclair, NJ
07042

Telephone

+19735099743

Website

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