Dentists and other small employers will not be required to report health care premiums on employees’ W-2 statements for the 2011 tax year, the IRS announced. Calling it “additional transition relief,” the IRS said employers who file fewer than 250 Forms W-2 in 2011 will not be required to report the cost of health care […]
Latest News
1099 Repeal Now Official
Congress has passed and the President has signed legislation that repeals the expanded 1099 information reporting requirements in the health care reform law. The measure enjoyed rare bipartisan support. The requirements, which were included in the Patient Protection and Affordable Care Act (PPACA), would have required businesses to report to the Internal Revenue Service any purchases […]
MDA Insurance BCBS Department Receives New Business Awards
Congratulations to Tina Voss, MDA Insurance BCBS manager, and the rest of her team, as they recently received two new business awards from Gadeleto Ramsby and Associates. The MDA Insurance BCBS department was number one in new business production in the BCBS I.C. Blue program for 2010. The department was also recognized with an honorable mention award for new business - small […]
Stafford Announces Retirement from MDA Insurance
Long time MDA Insurance director of life and health operations, Ed Stafford, announced his retirement in December. His last day in the office will be Feb. 25. "All good things must come to an end and now is my time to say goodbye," said Stafford. "I’m starting a new phase of my life, but I’d […]
Time to Review Your Workers' Comp Coverage!
Many workers’ comp insurance policies will renew on January 1, 2011. If this is true of your policy, you may want to consider joining the MDA group workers’ comp program through Michigan Millers. On January 1, 2011, base rates in the program will decrease between three and eight percent! Why not start the New Year with a little […]
Important Notice! BCS Life Rate Update
The BCS Life individual medical program rates for 2011 are still being developed. The release of 2011 rate information is expected by the third week in November. We will publish the new rate information on the website as soon as it is received. In the meantime, please feel free to contact MDA Insurance by calling (800) 860-2272. Thank you.
Good News! National Flood Insurance Program Extended
Late last week, Congress authorized a one year extension to the National Flood Insurance Program (NFIP). Without the extension, the NFIP would have expired on September 30. President Obama is expected to sign the bill prior to the expiration date. Before last week, the last extension was passed on June 30, 2010, one in a series of […]
Supreme Court Ruling May Affect Auto Rates
On August 1, 2010, the Michigan Supreme Court overturned the six-year-old Kreiner vs. Fisher decision by a 4-3 vote. Kreiner, as you may recall from the June, 2010, issue of Insurance & Services Checkup, placed strict limitations on non-economic (pain and suffering) damages for people injured in automobile accidents. Michigan’s no-fault law provides unlimited, lifetime medical […]
Use of Credit Scoring to Continue
On July 8, in a highly anticipated ruling, the Michigan Supreme Court decided that carriers in the state may continue to use credit scores to partially determine an individual’s auto and homeowner’s insurance premium. The practice has been used in Michigan since the late 1990s, but became a dispute in 2005 when the Insurance Commissioner attempted […]
SPECIAL OFFER!
Term Life and Disability Insurance
Here’s a chance for you to receive term life and/or disability insurance regardless of medical history. Now through May 31, 2009, MDA Insurance is offering up to $10,000 in term life insurance and/or $1,500 per month disability insurance. Click on the links below for more information and to download applications. Or call (800) 860-2272 and […]