{"id":3447,"date":"2015-07-10T18:10:22","date_gmt":"2015-07-11T01:10:22","guid":{"rendered":"http:\/\/www.mnjinsurance.com\/?page_id=3447"},"modified":"2020-06-05T11:44:25","modified_gmt":"2020-06-05T18:44:25","slug":"renewal-process","status":"publish","type":"page","link":"https:\/\/mnjinsurance.com\/renewal-process\/","title":{"rendered":"Renewal Process"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_three_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_three_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_three_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb av_three_fifth  avia-builder-el-0  el_before_av_two_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-8a4123c10ee324cb98e2b1db5485b563\">\n#top .av-special-heading.av-av_heading-8a4123c10ee324cb98e2b1db5485b563{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-av_heading-8a4123c10ee324cb98e2b1db5485b563 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-8a4123c10ee324cb98e2b1db5485b563 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-8a4123c10ee324cb98e2b1db5485b563 av-special-heading-h3  avia-builder-el-1  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Renewal Process<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>At <em><strong>MNJ Insurance Solutions<\/strong><\/em>, we believe in the importance of annual due diligence for an employer group, regardless of size. This is important, as there may be changes in your business needs, budget, or you may simply want to re-evaluate the plan design. Our marketing and renewal process includes, but is not limited to the following:<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><ul>\n<li>Identify your company\u2019s goals and budget<\/li>\n<li>Review current plan design<\/li>\n<li>Review doctor\/hospital networks, as carrier contracts change from time to time<\/li>\n<li>Evaluate current and market alternative plan options<\/li>\n<li>Negotiate with our carrier partners to ensure most competitive rates (when applicable)<\/li>\n<li>Provide detailed cost analysis<\/li>\n<li>Finalize decisions with client, including plans and contribution strategy<\/li>\n<li>Develop transparent communication strategy to educate employees on benefits offered<\/li>\n<li>Compliance updates or concerns<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-fd5116a7db7ce5dc7a6131734a8fdf40\">\n#top .av-special-heading.av-av_heading-fd5116a7db7ce5dc7a6131734a8fdf40{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-av_heading-fd5116a7db7ce5dc7a6131734a8fdf40 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-fd5116a7db7ce5dc7a6131734a8fdf40 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-fd5116a7db7ce5dc7a6131734a8fdf40 av-special-heading-h3  avia-builder-el-4  el_after_av_textblock  el_before_av_textblock '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Affordable Care Act<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Back in 2014, the requirements of the Affordable Care Act will change the way employers plan and execute their annual benefits\u2019 renewal process. Regardless of the number of full-time equivalent employees, we help employers with the following as a part of their planning\/renewal process:<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><ul>\n<li><strong>Minimum Value<\/strong> \u2013 determine the actuarial value (AV) of their current plan design to ensure the plan design complies with the minimum requirement to cover an estimated 60% of the covered health care expenses, also referred to as \u201cbronze level benefits.\u201d<\/li>\n<li><strong>Affordability <\/strong>\u2013Confirm your current employee contributions satisfy the affordability test and the lowest cost plan being offered does not cost more than 9.5% of an employee\u2019s earnings. This is very important with the planning for <u>all<\/u> employers.<\/li>\n<li><strong>Determine Eligibility Requirements <\/strong>\u2013 we review your current eligibility requirements and how it may be altered by the new regulations on eligibility.<\/li>\n<li><strong>Discuss Penalties<\/strong> \u2013 If your group is an Applicable Large Employer, we discuss the \u201cPay or Play\u201d potential penalties, the benefits of offering group-coverage.\u00a0 In addition, if the employer is not meeting the affordability provision, we discuss the potential penalties if an employee receives a tax subsidy.<\/li>\n<li><strong>Enforcement\/Compliance<\/strong> \u2013 Our goal is to help you understand how the new rules are expected to be enforced and how it applies to your group.<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The Patient Protection and Affordable Care Act (PPACA) is complex, and we assist each employer to evaluate and make its decisions based on what is best for their company.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_fifth-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_two_fifth-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_two_fifth-2a64de42b738552fe666ca889af77e28 av_two_fifth  avia-builder-el-8  el_after_av_three_fifth  avia-builder-el-last  flex_column_div av-zero-column-padding '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-0688d0b0b6ed2f8b057db7a8270206df\">\n#top 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class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-3510 avia-img-lazy-loading-not-3510 avia_image ' src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-300x300.jpg\" alt='' title='Vision-Dial'  height=\"300\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-300x300.jpg 300w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-150x150.jpg 150w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-36x36.jpg 36w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-180x180.jpg 180w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-705x705.jpg 705w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-120x120.jpg 120w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial-450x450.jpg 450w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Vision-Dial.jpg 1308w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/div><\/div><br \/>\n<div  class='hr av-av_hr-bad5bc90bcef2f12297bff634a297b07 hr-short  avia-builder-el-11  el_after_av_image  el_before_av_image  hr-center'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-0e15086e99281129050c377a4792aa51\">\n.avia-image-container.av-av_image-0e15086e99281129050c377a4792aa51 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-0e15086e99281129050c377a4792aa51 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-0e15086e99281129050c377a4792aa51 av-styling- avia_animated_image av-animated-when-visible-95 right-to-left avia-align-center  avia-builder-el-12  el_after_av_hr  el_before_av_hr '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-3509 avia-img-lazy-loading-not-3509 avia_image ' src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/professional-medical-300x200.jpg\" alt='' title='professional-medical'  height=\"200\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/professional-medical-300x200.jpg 300w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/professional-medical-1500x1000.jpg 1500w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/professional-medical-705x470.jpg 705w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/professional-medical-450x300.jpg 450w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/professional-medical.jpg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/div><\/div><br \/>\n<div  class='hr av-av_hr-bad5bc90bcef2f12297bff634a297b07 hr-short  avia-builder-el-13  el_after_av_image  el_before_av_image  hr-center'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-b47c74aec0563370570aba644ba58bcb\">\n.avia-image-container.av-av_image-b47c74aec0563370570aba644ba58bcb img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-b47c74aec0563370570aba644ba58bcb .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-b47c74aec0563370570aba644ba58bcb av-styling- avia_animated_image av-animated-when-visible-95 bottom-to-top avia-align-center  avia-builder-el-14  el_after_av_hr  el_before_av_hr '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-3508 avia-img-lazy-loading-not-3508 avia_image ' src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Company-Plan-300x170.jpg\" alt='' title='Company-Plan'  height=\"170\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Company-Plan-300x170.jpg 300w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Company-Plan-450x256.jpg 450w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Company-Plan.jpg 590w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/div><\/div><br \/>\n<div  class='hr av-av_hr-bad5bc90bcef2f12297bff634a297b07 hr-short  avia-builder-el-15  el_after_av_image  el_before_av_image  hr-center'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-e6761dbaca5781c6dd6d855fd28db41f\">\n.avia-image-container.av-av_image-e6761dbaca5781c6dd6d855fd28db41f img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-e6761dbaca5781c6dd6d855fd28db41f .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-e6761dbaca5781c6dd6d855fd28db41f av-styling- avia_animated_image av-animated-when-visible-95 bottom-to-top avia-align-center  avia-builder-el-16  el_after_av_hr  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-3519 avia-img-lazy-loading-not-3519 avia_image ' src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Affordable-Care-Act-v3-300x205.jpg\" alt='Affordable Care Act | MNJ Insurance' title='Affordable-Care-Act'  height=\"205\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Affordable-Care-Act-v3-300x205.jpg 300w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Affordable-Care-Act-v3-705x482.jpg 705w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Affordable-Care-Act-v3-450x308.jpg 450w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/Affordable-Care-Act-v3.jpg 1000w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Renewal Process At MNJ Insurance Solutions, we believe in the importance of annual due diligence for an employer group, regardless of size. This is important, as there may be changes in your business needs, budget, or you may simply want to re-evaluate the plan design. Our marketing and renewal process includes, but is not limited&hellip;","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":33,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages\/3447"}],"collection":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/comments?post=3447"}],"version-history":[{"count":0,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages\/3447\/revisions"}],"wp:attachment":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/media?parent=3447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}