ACADIA SAFETY GROUP
Hot Off The Press!
Declared dividends announced!
Click here to read more.
The NRLA and Acadia Insurance Company
have joined forces to provide a distinguished member program. This program is available for all lines of insurance including, but not limited to:
• Property
• General liability
• Automobile liability and physical damage
• Cargo
• Umbrella liability
• Workers’ Compensation
Participating members may have the opportunity to share potential future dividends through a special plan based on premium volume and favorable loss experience that the group generates collectively.
Acadia Insurance Company is an “A”-rated, Northeastern-based insurance company with proven expertise in insuring building material dealers.
Contact Rita Ferris, at rferris@nrla.org or call 800.292.6752.
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HEALTH INSURANCE PROGRAM - NYS PILOT
The NRLA is proud to introduce a new member benefit program. Via a new partnership with insurance broker and Associate NRLA member Rose and Kiernan, a pilot program for the all regions of New York has been developed using the MVP network. The association rated program is available to companies with less than 50 employees. For those companies with 50+ employees, Rose and Kiernan will review your current plan to individually rate your program.
When can I join this program? The program start date is 1/1/10. However, for those of members that will renew after 1/1/09, you will likely still be able to transition to this program. You will need to check your termination provisions in your health insurance contract. Many times, this simply requires a 30-day notice to your current carrier.
I already have MVP. Can I participate? Those currently with MVP will be reviewed on an individual basis to ensure that they receive the most competitive rates.
How many of my employees will have to participate? As this plan would be a total replacement, 75% of eligible employees would need to participate.
Can I offer more than one of these plans? Yes. You may offer any combination of them. Due to the three options, segments of your employment population can participate in different plans as long as the overall participation for the eligible employees is 75% for all plans offered.
How was the NRLA able to produce these savings? MVP began developing association specific plans approximately a 2 years ago. During the last year, they have been able to craft an approved plan with specific plan designs for associations, pricing specific to our SIC (NY Insurance Fund code), and were able to pool the demographics within that SIC of other association to create a homogenous risk pool.
How can I get a rate proposal? Contact Rob Ranieri at Rose & Kiernan at 845.350.3816 (office), 845.702.7791 (cell) or rranieri@rkinsurance.com.
NRLA Plan Comparison
First Quarter 2010 Plan Rates
Program Outline
MVP Coverage Map
Teleconference PowerPoint Slides
MVP Service Area Map
MVP Fact Sheet
Rate Review Checklist - under 50 Employees
Rate Review Checklist - over 50 Employees
LIFE AND DISABILITY INSURANCE
Your employees are your most important asset, while salary and benefits costs are among your highest expenses! Therefore, don’t you owe it to yourself and your company to obtain the most comprehensive and competitively priced employee benefits package you can, without sacrificing quality? Navigating the maze of insurance options for life and disability insurance can be overwhelming. Let NRLA guide your company on its path to providing employees with insurance benefits at competitive rates.
NRLA offers its members Life and Disability Income Replacement Insurance through various other carriers.
SHORT TERM DISABILTY PLANS
| BENEFIT OPTIONS | BENEFIT DESCRIPTIONS |
Plan 1 | |
Weekly Benefit Amount | 50% of Weekly Earnings |
Maximum Duration of Benefits | 26 Weeks |
| Maximum Weekly Benefit | $170 |
| | |
| Plan 2 | |
Weekly Benefit Amount | 66 2/3% of Weekly Earnings |
Maximum Duration of Benefits | 26 Weeks |
| Maximum Weekly Benefit | $200 |
LONG TERM DISABILITY PLANS
| BENEFIT OPTIONS | BENEFIT DESCRIPTIONS |
| Class 1 | |
Monthly Benefit Amount | 60% of Monthly Earnings |
Maximum Monthly Benefit | $4,000 |
Benfits Begin | Following 6 consecutive months of total disability |
Maximum Duration for Accident | Until the employee ceases to be disabled |
Eligibility | An employee must be actively at work for 3 consecutive months prior to the effective date of coverage and have an annual salary of at least $15,000, exclusive of bonus and overtime |
| Waiting Period | 90 days |
| | |
| Class 2 | |
Monthly Benefit Amount | 60% of Monthly Earnings |
Maximum Monthly Benefit | $4,000 |
Benfits Begin | Following 6 consecutive months of total disability |
Maximum Duration for Accident | Until the employee ceases to be disabled |
Eligibility | An employee must be actively at work for 3 consecutive months prior to the effective date of coverage and have an annual salary of at least $15,000, exclusive of bonus and overtime |
| Waiting Period | 180 days |
TERM LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE
| Class | Benefit Options | Benefit Description |
| 01 | | Officers/Executives | | Key Personnel* | | All Other Employees |
| |
| 02 | | Officers/Executives | | Key Personnel* | | All Other Employees |
| |
| 03 | | Officers/Executives | | Key Personnel | | All Other Employees |
| |
| 04 | All Employees | $ 20,000 |
| | | |
| 05 | | Officers/Executives | | Dept Heads & Managers | | Asst Managers & Foreman | | All Other Employees |
| | $100,000 | | $ 40,000 | | $ 20,000 | | $ 10,000 |
|
| 06 | All Employees | $ 10,000 |
| | | |
| 07 | All Employees | 1 x Annual Income
Max $50,000 |
| | | |
| 08 | All Employees | 2 x Annual Income
Max $100,000 |
| | | |
| 09 | All Employees | $ 15,000 |
| | | |
| 10 | All Employees | $ 5,000 |
| | | |
| 11 | | Owner, Officers, Partners | | Managers, Supervisors, Salesman | | All Other Employees |
| |
| | | |
| Dependent |
| |
| | Spouse* | $5,000 | Children (6 mos - 19 yrs) | $1,000 | | Children (2 wks - 6 mos) | $100 | | Children (under 2 weeks) | $0 |
*Spouse benefit not to exceed 50% of employee benefit | |
| | | |
| *Key Personnel | Includes Yard Managers & Sales Employees | |
| | | |
Accidental Death &
Dismemberment | Available for all policies | |
| | | |
| Special Note: | All term life schedules will reduce upon age:
65% at age 65
45% at age 70
27% at age 75+ | |
DENTAL PLAN AVAILABLE TO MEMBERS:
NRLA is pleased to offer a new dental insurance program through MetLife. This new program offers NRLA members comprehensive dental coverage at competitive rates. A few of the highlights are as follows:
• Nationwide directory of participating dentists available through www.metlife.com.
• The employee has a $1,500 annual plan maximum benefit per person (non-orthodontic).
• $1,000 lifetime ortho maximum.
• Continuity of coverage provided for all employees as of the effective date of coverage. No individuals will lose coverage solely based on the change in carriers.
• Waiting periods apply to late entrants only.
Please contact Sarah Svensson at 800-292-6752 for more information.
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HEALTH INSURANCE INFORMATION:
On July 29, 2009, Governor David Paterson signed into law "Age 29" Law extending the availability of health insurance to young adults through age 20. Click here for the related Benefit Alert provided by Rose & Kiernan.
The American Recovery and Reinvestment Act of 2009 (ARRA) created new temporary rights to COBRA premium assistance for employees and their dependents who are involuntarily terminated from employment between September 1, 2008 and December 31, 2009. Click here for the Update for Federal COBRA and Comparison of Federal and New York Continuation Laws provided by Rose & Kiernan.
WORKERS' COMPENSATION INSURANCE FOR NEW YORK MEMBERS
Group #531 is the New York Workers’ Compensation Insurance Safety Group Program exclusively for NRLA members. NRLA formed Group #531 in 1990, and since then it has been among the best performing safety groups in the state. It has returned an average dividend of 32% over its profitable 17-year history. In addition to an advance discount on premiums of 25 percent for the 7/1/08 renewals, a 25 percent dividend for the 2006-2007 policy year has been declared. Group #531 members enjoy lower assessment fees, loss-control services, claims management assistance, and an early intervention program designed to steer employees back to work sooner, while saving money for employers! For a Group #531 Executive Committee listing CLICK HERE. Contact NRLA at 800.292.6752 for more information or send and e-mail to Rita Ferris.
For additional program information, please CLICK HERE
To view the Lovell movie CLICK HERE
Group #531 8-year Discount/Dividend History
| | Discount | Dividend |
2008-2009 | 25% | Open |
2007-2008 | 25% | 27.5% |
2006-2007 | 25% | 20% |
2005-2006 | 20% | 25% |
2004-2005 | 20% | 20% |
2003-2004 | 15% | 25% |
2002-2003 | 20% | 15% |
2001-2002 | 25% | 20% |
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WORKERS' COMPENSATION INSURANCE FOR MASSACHUSETTS MEMBERS
The Self Insured Lumber Businesses Association (SILBA) has been providing Workers’ Compensation Insurance to NRLA members in Massachusetts since 1992. With Workers’ Compensation Insurance premiums skyrocketing, a small group of industry members got together to find a better way to do business. The feeling then was the same as it is now – why should lumber dealers with good claims experience and loss-control programs be forced to pay the same high premium as everyone else? Since 1992, the original group of seven founding members has grown to 84 companies. SILBA members have enjoyed yearly dividends averaging 29 percent of paid premium, have earned more than $17 million in dividends, and pay lower initial premiums than conventional, fully-insured programs due to reduced administrative charges. For a listing of current SILBA Board of Trustees CLICK HERE. Contact NRLA at 800.292.6752 for more information or send an e-mail to Rita Ferris.
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NEW HIPAA REGULATIONS
The NRLA will no longer be able to contact members' health insurance carrier regarding their employees' coverage, claims, etc. without a signed authorization form from the individual employees themselves. Employees will have to call the insurance carrier directly for questions they may have, unless they complete the authorization form and send it to their health insurance carrier. However, we would be happy to contact the insurance carrier for your employees if they wish to complete the authorization form. We have them available at the NRLA office. If you have any questions, please send an e-mail to cmacdonald@nrla.org or contact the NRLA at 800.292.6752.
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