August, 2009

As always, thank you for your continued business.

After a two year gap, we are re-starting our client quarterly e-newsletter. It is our goal to bring you valuable insurance related information, keep you updated on new products and services offered, and most importantly to stay in touch with you, our valued customer. As a locally owned, independent insurance agency your business is very important to us and it is greatly appreciated.

Please contact your broker if you have any questions or need updates on quotes and coverages.

Paul LoNigro
President, Group Insurance Analysts, Inc.


Auto, Home and Umbrella Quote Now Available

Group Insurance Analysts, Inc. can now provide competitive, independent quotes and write policies for personal auto, home, and umbrella plans through our subsidiary, GIA Risk Management, L.L.C. Please contact us, your broker, or click below for more information. We offer policies through Hartford, Progressive, Travelers, Safeco, MetLife, and Encompass.

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Effects of HB-1355 on Renewing Group Health Plans

Two years ago, the state legislature passed HB-1355, which eliminated the rate banding in the small group market in Colorado.

Rate banding allowed insurance companies the option of increasing rates up to ten percent or decreasing up to 25 percent for a group based on health history. Approximately two-thirds of all small groups received a discount, many up to 25 percent. The other third were at the base index rate or received a surcharge, which was capped at ten percent. The unintended consequence of not allowing ratings based on health screenings is the loss of discounts for good health and the incentive for healthy groups to stay in the small group market.

The full effect on groups that previously had a discount are being felt upon renewal this year and it is a major reason many of you are seeing rateincreases of 30-40 percent or more. The group plan for our office increased over 36 percent mainly due to the loss of our discount. Groups that had the full 25 percent discount removed by statute, are receiving a 33 percent base rate increase plus trend plus the new SIC code factors now being applied by industry.

Despite all of this, there are options. Contact your broker here at GIA for more ideas on how to reduce your premiums.


Workers Comp, Business Property and Liability, Commercial Auto and Umbrella Quotes Now Available

Group Insurance Analysts, Inc. can now provide competitive, independent quotes and write policies for commercial auto, workers comp, and business property/liability plans through our subsidiary, GIA Risk Management, L.L.C. Please contact us, your broker or click below for more information. Policies through Pinnacol, Hartford, Progressive, Travelers, Safeco, MetLife, and many more are available through this office.

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The Social Security COLA and Medicare Part B Premium: Questions, Answers, and Issues

Social Security recipients are not expected to receive a cost-of-living adjustment (COLA) for the first time in 2010, with no or low COLAs projected through 2012. The absence of a COLA will result in higher Medicare Part B premiums for roughly a quarter of all Medicare beneficiaries, with a particularly steep increase in premiums expected between 2010 and 2011...

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What's Really Driving the Increase in Health Insurance Premiums

Anthem plans across the country are working to develop innovative products and programs that help address rising health care costs. Through pay for performance initiatives, consumer directed health plans and transparency initiatives; Anthem is providing access to the information needed to drive down health care costs.

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For any questions or concerns, please call us 303-423-0162 or toll-free 888-423-3232. Visit our web site at www.e-gia.com to learn more about our products and services. We look forward to serving you.