NEW YORK WORKERS COMPENSATION

I wanted to make all employers that have workers in New York State aware that they need a separate policy for Disability. Unlike New Jersey where Workers Compensation and Disability in incorporated in the same policy Disability in New York is written on separate paper. This issue has caused many employers to incur huge penalties and fines. The policy is quite inexpensive and is based on the number of male and female employees one has working in New York. Minimum premium is around $45.00 annually. New York is very harsh on employers that are unaware of this policy and $1000 for every 10 days of non compliance is charged. I have seen fines and penalties as large as $99,000. A call to your insurance agent can get you in compliance in a few minutes. Technology Insurance Associates offers this policy , give us a call or fill out the inquiry form on our website. We are glad to help.

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Generic Drugs Are Not the Same After All

You may have recently received a letter from your insurance company advising you to switch to a generic drug instead of a costly name brand medication, or maybe your doctor has recommended you stay with a brand name prescription, despite a generic being widely available. You might be asking yourself, what is the difference?


First of all, a brand name drug becomes a generic drug after a brand name drug maker’s patent expires. Competitors are then allowed to apply to the Food and Drug Administration to make a generic form of the prescription without repeating the original developer’s clinical trials and other development activities that raise the cost of the prescription. This allows the new manufacturer to sell the generic drug at a substantial discount. According to the FDA, generic drugs must have the “same quality, strength, purity and stability,” as brand name drugs. A generic drug however may have different inactive ingredients such as colors or flavors.


One common misconception is that generic drugs are made in substandard or antiquated facilities. This is not true as the FDA conducts inspections of facilities to ensure their high standards are met. In fact, almost half of generic drugs are manufactured or sponsored by brand name manufactures who produce brand name and their generic counterparts.


If a generic and a brand name are the same, then why do doctors prescribe brand name prescriptions? Some patients have been switched to a generic drug and seen their symptoms come back or experienced some side effects that were not present with the brand name drug. According to a New York Times article in December of 2009, some antidepressants, heart medicine, and antiseizure medicines have been linked to patients having “symptoms returned-or even worse than before they were medicated.” One study in particular, focused on Budeprion XL a generic of Wellbutrin XL. The generic drug released the active ingredients at a different rate than the brand name drug. This may have caused different side effects and a lower effectiveness of the Budeprion dose.


For the consumer, the best practice is to ask your doctor if a generic drug is available, and if it is available then ask if it performs the same. Different doctors will have their own opinion on this topic and should definitely be consulted before you switch to a generic.

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High Cost of Health Insurance

I am disturbed at the failure of Congress to do anything regarding the health insurance issue in this country. It is getting difficult for employers to have an affordable health insurance program for their company. The issue however might also be the fault of the employers that do not take responsibility for their health plan. They allow the employees to go on and off the plans arbitrarily. They accommodate the employee’s wishes without regard to the rules that the carriers put in place. This has an impact on the rates. We are seeing renewal rates of 15 to 40% a trend that is impossible to sustain. Someone has to take hold of this issue and act.

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What is COBRA?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) established in 1986 is a federal law that allows employees when terminated, for any reason other than gross misconduct, to continue their health insurance coverage.
Benefits can typically be extended for 18 months or as long as 36 months in certain situations.

For the group to be eligible it must have 20 or more employees. If your employer does not meet this requirement, then state continuation laws will go into effect and may provide extended coverage after employment.

COBRA laws also apply to products such as dental or vision insurance.

The employee will be required to pay the full cost of the insurance and a two percent administration fee may be added to the COBRA premium.

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How To Search For a Doctor

Searching for a doctor is very important. If you utilize a doctor that is not in your insurance carrier’s network then you may be reimbursed at a lower rate or not reimbursed at all, in the case of HMOs. Watch this video and learn how to search using Horizon Blue Cross Blue Shield of NJ’s online provider directory.

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Insure Your Love

As Valentine’s Day quickly approaches you may be scrambling to find a meaningful gift for your loved one. The LIFE Foundation, a non profit organization educating consumers on the need for life insurance, hopes that the connection between love and life insurance will blossom into a meaningful discussion about life insurance. “In a way that is lighthearted, fun, and emotional,” says Jon Dressner, LIFE’s Senior Vice President and Chief Creative Officer.

At CG Benefits Group and Technology Insurance Associates we understand the need for life insurance. This
Valentine’s Day, give your beloved the peace of mind that comes with life insurance. It is a affordable gift that pays off in numerous ways.

You might be asking yourself, why do I need life insurance? The LIFE Foundation has written an excellent page on their website, that covers life insurance needs for people that have different life events occurring.

At CG Benefits Group and Technology Insurance Associates, we make it easy to shop for life insurance. We’ll go over your needs, how much life insurance you need, and the different types of life insurance, and available options. Please visit our quote request page to sign up for a free no obligation life insurance quote.

insure yourlove

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How To Fill Out a Health Insurance Enrollment Form

Health insurance forms can be very complicated and just the slightest error can be costly.  You’ll have to provide a lot of personal information including, but not limited to social security number, martial status, proof of prior coverage, dependencies (and their social security numbers), medical history, prescription medications and more.  When filling out your name and address, your handwriting needs to be clear and legible.  Incomplete, illegible or false information can result in coverage delays or loss of coverage completely.

Watch our video to help walk you through how to fill out a health insurance enrollment form.

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We are New Jersey Business Insurance Specialists

Welcome to the Technology Insurance Associates business insurance blog.

We specialize in providing affordable business insurance plans to IT companies and small businesses in New Jersey and nationwide.  Our goal is to provide small businesses with valuable information about insurance and how it impacts their day to day operations.

Be sure to bookmark our blog and join in our conversation.

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