Last year had started off with a bang for Sciacca’s Upholstering & Design Center in Riverside, NJ.
A third-generation, family-owned upholstery firm owned by Paul Costello and Sandra Sciacca, they had just celebrated their 70th anniversary and had recently moved from their Delran location to a more spacious and modern one in Riverside NJ to accommodate their growth.
They serve their clients in a variety of ways: residential/commercial upholstery, onsite clean for upholstery and window treatments, professional services, for law offices/dentist/doctor offices, as well as auto and marine.
While their business was growing, there was one area where they were having difficulty: finding health insurance for their 10 employees and two owners, Paul Costello and Sandra Sciacca.
Last November, their insurance broker informed them that their insurance program was cancelled – and there were no other options to choose from. Paul decided they would discontinue the health insurance for their employees and instead give each of them a raise so that they could purchase their own health insurance in the individual online marketplace (www.healthcare.gov).
Once Paul began to look into purchasing insurance for himself and his wife Sandra, he was quickly frustrated by the complexity of it.
“The site was impossible to navigate,” said Paul, “It was confusing – I couldn’t get answers. And it took days to get a response.”
He quickly realized that he was going to have to help all of his employees manage this maze as well. Unable to take on the time-consuming task of benefits administrator, he reached out to Amy Webb, president of Saratoga Benefits and fellow Burlington Regional Chamber of Commerce member.
Within three days of meeting with Amy, Paul had 5 quotes to choose from. As a small group he was able to find options that were unavailable in the individual online marketplace. And they were similar in pricing to what he was paying previously.
“Saratoga was responsive when I needed answers,” said Paul.
Plus, by providing health insurance for his employees, Paul was able to deduct it as a business expense – and their employees could also benefit from a pre-tax deduction.
Recently, Sciacca received a notice that, again, their insurance program, Aetna, is ending their program in New Jersey. But this time Paul isn’t worried. He knows that Amy’s team at Saratoga Benefits will be ready with options.
Frustrated by a lack of response from your insurance broker? Confused about coverage options? Call (856) 642-2949 or email Amy Webb (email@example.com) today with your questions or concerns.
Thanks for a great presentation by Tom Burgoyne’s “Pheel the Love” on creating an environment for business growth and success. Saratoga Benefits is proud to be a sponsor of this Burlington Chamber of Commerce event.
Pictured (top): Tom Burgoyne, “Best Friend” of The Phillie Phanatic.
Pictured (bottom): Amy Webb, President of Saratoga Benefits
Saratoga Benefit’s President Amy Webb is once again participating in this year’s Moorestown Relay for Life in support of the American Cancer Society in honor and support of her friend Donna Morton.
Donna would have celebrated her 53rd birthday this week.
Most of you know that Donna worked for Saratoga Benefits for over 10 years – four of those years she fought cancer. We have been without Donna for almost 2 years now and we miss her everyday. We need to find a cure for cancer and your support of the American Cancer Society is a step in that direction.
This year Amy has been asked to be a Power in Purple candidate. This means she is committed to wearing purple for the next 30 days to raise awareness. So if you see a photo of Amy wearing purple, we hope you’ll consider supporting this worthy cause. Her goal is to raise $3,000.
Here’s how to get involved or make a donation: Click here to donate:
Join Amy and her Moorestown Rotary Club Team on June 9, at Moorestown High School. Click here to learn more.
Thank you for your support!
Saratoga Benefits recently held a seminar at Moorestown Community House to answer questions about what health insurance will look like moving forward. Saratoga president Amy Webb, along with Scott Wham, J.D., Director of Compliance at Kistler Tiffany conducted the informative seminar.
Geared to business owners and H.R. specialists, it provided answers about the American Care Act, reform updates, QSEHRA and Medicare. Here’s a brief summary of its highlights:
ACA: If the Affordable Care Act is not repealed, then expect significant changes. The big question that needs to be solved is: how to pay for it? Many of the taxes that have been built into the ACA have been postponed. The ACA cannot be funded indefinitely without the necessary taxes.
Health Insurance as a Deduction: Currently, health insurance is a 100% write-off for employers, which is a great incentive for them to continue to fund a significant portion of the premiums. Some Republicans are proposing that the employer portion should no longer be a business deduction and the employee benefit should be considered income. How will this affect employers? As 175 million employees get their benefits through their employer, this proposed change could have a significant impact on the employer’s bottom line and the employee’s paycheck.
Qualified Small Employer Health Reimbursement Arrangement (QSEHRA): Small business owners can choose to set aside funds in a cash account for their employees to buy health insurance on their own in the marketplace. The upside to QSEHRA is the employer can still get the business deduction, and not have to deal with the headache of choosing an insurance plan.
While this sounds appealing, there are also some challenges. First is that this cash set aside must be offered to all employees, not just the ones who need insurance. Secondly, this plan must apply throughout the company – owners included. The most often heard complaint about QSEHRA is that there are only 2 plans to choose from in New Jersey via the open marketplace for a single applicant. Employees may be dissatisfied with the choices available to them compared to what ‘s available via a group plan.
The next seminar will take place in the fall of 2017. If you would like to be notified via email of the next seminar, contact Kim Pewor.
Have a specific question about your benefits? Contact Amy Webb
Saratoga Benefits is the first health insurance agent to sign up a New Jersey client to Aetna’s new health insurance program, Aetna Whole Health – Virtua.
The Aetna Virtua Partnership, available in Burlington, Camden and Gloucester Counties, offers a 15-50% cost savings and lower co-pays compared to competitive plans in NJ. It allows patients to have access to doctors within their existing Virtua network, which includes 1600 physicians, sixteen urgent care facilities and three hospitals.
Regal Wine Imports’ Vice President of Human Resources, Heather Gill, explained why the Moorestown, NJ company made this choice.
“Giving our employees choice is important,” said Gill. “Anything we can do to reduce their costs and provide better benefits, while also save money for the company, is a win-win situation.”
In South Jersey, Virtua is known as a major healthcare provider that boasts excellent physicians and quality care, all of which are convenient to the majority of Regal Wine Imports’ employees. Employees still have the ability to go to any Aetna providers and hospitals in their larger network.
“We hope this innovative approach will be successful and that our employees continue elect this choice in the years to come,” added Gill.
Virtua provides services through Virtua Medical Group with 302 physicians and other clinicians, and at its urgent care centers, hospitals, ambulatory surgery centers, health and wellness centers, fitness centers, home health services, long-term care and rehabilitation centers, and paramedic program. A leader in maternal and child health services, Virtua delivers nearly 8,000 babies a year. It provides health services to 1,500 businesses, and participates in Virtua Physician Partners, a clinically integrated network of 1,400 physicians and other clinicians. Virtua is affiliated with Penn Medicine for cancer and neuroscience and the Children’s Hospital of Philadelphia (CHOP) for pediatrics.
To find out more about this new plan just for SJ residents, contact Amy Webb
Photo Caption: Pictured from left— Regal Wines’ employee and AWH-V plan member Peter Caruso, Alfred Campanella; Heather Gill; Amy Webb, President Saratoga Benefit Services; Barbara Gotsch, Aetna; Francine Saraullo, Virtua Vice President, Managed Care.
Healthcare Issues Council Roundtable
Friday, April 7, 8am-9:30am
Fellowship Road, E-502
Mount Laurel, NJ 08054
Roundtable Topic: Curbing Presenteeism: Supporting Employee Caregivers
Guest Speakers: Susan McCann, Vice President of Human Resources, Joanne Rosen, Vice President of Marketing & Public Affairs & Samaritan Healthcare & Hospice
Sponsored By: Saratoga Benefit Services LLC
• The burdens of presenteeism – to both employees and employers
• The importance of advance care planning
• Resources available to your employees
• The value to your employees and your company of engaging in National Healthcare Decisions Day.
Moorestown Rotary is hosting a charitable Poker Tournament to help support the many wonderful service projects Rotarians perform locally and globally. The No-Limit Texas Hold’em tournament will take place on 10/30 at 2pm at the Moorestown Community House.
The buy-in is $75 at the door, or $50 if paid in advance. Checks can be mailed to the Community House 16 East Main Street, Moorestown 08057 (made payable to Moorestown Rotary Charities), Venmo, bank transfers, or cash are also accepted. Rebuys and add-ons will also be available for $50.
Food will be provided + BYOB.
Questions? Contact Sean Rice
By Amy Webb, President, Saratoga Benefit Services
I’ve been a member of the Mooretown Rotary for 9 years. Initially I joined thinking it was a great place to network and meet new people. While it has turned out to be an effective place to make solid business connections, it has exceeded my expectations.
What does rotary do? The mission of Rotary is ‘service above self.’ Our club and its members truly live this motto. The amount of good that our chapter has done locally and internationally is amazing, from providing over $30,000/year in scholarships to local students to supporting water and solar projects in third world countries.
What has rotary done for you personally? Being a Rotarian has enhanced my commitment to community service and connected me with a fantastic group of like-minded people. The saying is true that good things come to good people. My firm, Saratoga Benefits has always done good things for the community and it has brought good things to our business as well.
Interested in Visiting? The Moorestown Lunch Rotary meets at 12:10pm at the Community House in Moorestown every Thursday.
There’s other options for those who are unable to meet every week but still would like to be a part of rotary:
Corporate Membership: This allows a company to designate several employees under one membership so they can alternate who attends the weekly meetings.
Alternative Meeting Place (AMP): This group meets twice a month in the evenings at Harvest Grill. This group has the same benefits of a weekly group, but with a reduced time and financial commitment.
Where: Harvest Seasonal Grill, Moorestown NJ
When: 11/1 and 11/15, 5:45 – 7pm
Or visit www.moorestownrotary.org.
Amy Webb, President of Saratoga Benefit Services was recently installed as the new President of the Rotary Club of Moorestown’s lunch club for 2017-2018. Amy has been a member of the Rotary for 10 years and has held several administrative board positions during her membership. The Moorestown club has over 90 members and contributes philanthropically […]