2014-2015 Calendar of Events - NAIFA Columbus


Wednesday, September 17, 2014

CE SEMINAR (offering 2 hours of CE credit)
9:15 a.m. - 11:15 a.m.
Cost: FREE for NAIFA-Columbus Members / $35 for Guests or Non-Members
Location: J. Liu Restaurant, 6880 N. High Street, Worthington 43085

NAIFA-COLUMBUS MEMBERSHIP LUNCHEON
11:30 a.m. - 1:00 p.m.
Cost: FREE for NAIFA-Columbus Members / $25 for Guests or Non-Members
Location: J. Liu Restaurant, 6880 N. High Street, Worthington 43085

Wednesday, October 8, 2014

NAIFA-COLUMBUS OPEN HOUSE/NEW MEMBER ORIENTATION
4:00 p.m. – 5:30 p.m.
Cost: FREE for NAIFA-Columbus Members
Location: 21st Century Financial, 921 Chatham Lane, Columbus 43221

Wednesday, October 15, 2014

CE SEMINAR (offering 2 hours of CE credit)
9:15 a.m. - 11:15 a.m.
Cost: FREE for NAIFA-Columbus Members / $35 for Guests or Non-Members
Location: J. Liu Restaurant, 6880 N. High Street, Worthington 43085

NAIFA-COLUMBUS MEMBERSHIP LUNCHEON
11:30 a.m. - 1:00 p.m.
Cost: FREE for NAIFA-Columbus Members / $25 for Guests or Non-Members
Location: J. Liu Restaurant, 6880 N. High Street, Worthington 43085

Monday, November 10, 2014

NAIFA-COLUMBUS “A Day with MDRT” Event
Featuring: Nick Murray, Anthony Morris and Darren Ulmer
7:30 a.m. - 3:00 p.m.
Cost: $95 for NAIFA-Columbus Members / $145 for Non-Members / $750 for Table of 10 (Early Bird Registration pricing – Must register by September 15, 2014}
Cost After September 15: $145 for NAIFA-Columbus Members / $195 for Non-Members / $1,000 for Table of 10
Location: Hilton, 401 N. High Street, Columbus 43215

Tuesday, November 18, 2014

NAIFA-COLUMBUS IFAPAC EVENT
Location and Time TBD

Wednesday, January 21, 2015

CE SEMINAR (offering 2 hours of CE credit)
9:15 a.m. - 11:15 a.m.
Cost: FREE for NAIFA-Columbus Members / $35 for Guests or Non-Members
Location: J. Liu Restaurant, 6880 N. High Street, Worthington 43085

NAIFA-COLUMBUS MEMBERSHIP LUNCHEON
11:30 a.m. - 1:00 p.m.
Cost: FREE for NAIFA-Columbus Members / $25 for Guests or Non-Members
Location: J. Liu Restaurant, 6880 N. High Street, Worthington 43085


 

Welcome, New Members

NAIFA-Columbus - New Members as of 8/22/14

Matt Bosart
JC Wealth Management

Michael J . Bruckelmeyer
New York Life

Patrick J. Cannon
Northwestern Mutual – Kemelgor Financial Group

David Fisher
21st Century Financial

Andy J. Gersbach
New York Life

Kayla C. Hinds
Northwestern Mutual – Kemelgor Financial Group

Sean R. Martin
New York Life

Anu R. Nelliparambil
Bankers Life Insurance Company

Chelsea Parker
Northwestern Mutual – Kemelgor Financial Group

Robert M. Polletta
Northwestern Mutual – Kemelgor Financial Group

Mitchell P. Staugler
Northwestern Mutual – Kemelgor Financial Group

Bartosz Warzycha
New York Life

CCI Corner

Shawn Combs, Chair

another Billion Back

Please review the attached information sheet from BWC regarding Governor Kasich’s recent announcement of an additional $1 billion premium rebate for both private and public employers.

With the Bureau of Workers’ Compensation (BWC) announcement of Another Billion Back it is crucial that payroll and premium get reported and paid on-time by the end of this month. Most of the parameters around the announcement remain the same as last year, but the dates have changed.

Employers must be in an active, reinstated, combined or debtor in possession status as of September 5th to qualify for the rebate.

The rebate proposal will be taken to the Board next week. A copy of the proposal can be found at https://www.bwc.ohio.gov/home/current/images/billionbackpro.pdf.

 

 

 

Join NAIFA-Columbus

Join NAIFA-Columbus

 

CE Seminar and Membership Luncheon

Wednesday, September 17, 2014
9:15 am – 1:00 pm

Location: J. Liu Restaurant, 6880 N. High Street, Worthington OH

Time: 9:15 a.m. - 11:15 a.m.
CE SEMINAR - Offering 2 hours of CE Credit
“Executive Compensation for Key Employees”
Speaker: Derek Welch, JD, Senior Director Advanced Consulting Group, Nationwide Financial

Cost: Free for NAIFA-Columbus Members / $35 for Non-Members/Guests

SEPT-Derek-Welch-Photo-150x150.jpgThis course explores some executive benefit techniques and why life insurance may be a good vehicle for implementing these techniques. It will review some of the overriding considerations for employers and employees, look at several nonqualified executive compensation techniques, then go over some case studies to reinforce the concepts you learned about and encourage some vigorous discussion the NAIFA participants.

As a member of Nationwide’s Advanced Consulting Group, Derek concentrates his efforts on creating solutions for Nationwide clientele that incorporate life insurance and annuities into estate and income tax planning and wealth transfer strategies. Prior to joining Nationwide in 2007, Derek was engaged as an estate planning attorney and also had the opportunity to serve as a financial planner with a large wirehouse firm creating comprehensive wealth strategies for high net worth individuals. Derek graduated from The Ohio State University with a Bachelor of Arts in English and then went on to receive his Juris Doctorate from The University of Cincinnati, College of Law. Derek is admitted to the Ohio State Bar and holds the FINRA series 7 and 24 licenses.

Time: 11:30 a.m. - 1:00 p.m.
MEMBERSHIP LUNCHEON MEETING
“NAIFA? Well, why should I?!”
Speaker: Elie A. Harriett

Cost: Free for NAIFA-Columbus Members / $25 for Non-Members/Guests

Elie Harriett has been living in Ohio since 2001. He originally entered the insurance industry as an agent for Bankers Life & Casualty in Toledo in 2003, quickly rising from agent to field trainer to eventually Unit Sales Manager. In 2007, while living in Mansfield, he left Bankers and started Classic Insurance & Financial Services Co with fellow Bankers Life agent Tracy Cartwright. Classic Insurance has become a specialty agency serving slightly under 1,500 households in Ohio, West Virginia, and Kentucky in the field of Medicare Supplements, Medicare Advantage plans, and Medicare Prescription Drug Plans.

Within 3 months of entering the insurance industry, Elie became a member of NAIFA in Toledo. He really became active in 2007 when, shortly after joining NAIFA-Mansfield, he was asked to become a local board member. In 2011-2012, Elie was president of NAIFA-Mansfield and led his group as it achieved the platinum level Jack Bobo Association award. Currently, they are the last group in Ohio to reach the highest level of this award. In 2009, Elie became a graduate of the LILI program and volunteered to become a moderator for the state. Shortly thereafter, he became NAIFA-Ohio’s LILI chair and was elected to the board as a trustee the next year. Elie is currently finishing up his second year as a trustee for NAIFA-Ohio where he currently serves as membership chair.

27th Annual NAIFA/SFSP

Dennis Clark Cancer Research Classic

 

Please consider having your company represented at this year’s event by becoming a MAJOR or HOLE Sponsor.

TITLE SPONSORSHIP: Available for $3,000!

MAJOR SPONSORS CONTRIBUTING $1,750 WILL RECEIVE:

  • Four entries in the Classic
  • Two additional seats for dinner (total 6)
  • Attractive plaque recognizing your participation
  • Recognition in announcements and program
  • Special hole sponsorship signage

HOLE SPONSORS CONTRIBUTING $250 WILL RECEIVE:

  • Recognition in the announcements and program
  • Special hole sponsorship signage

The Classic will provide all artwork and signs. All other prize donations will be appreciated and acknowledged.

REGISTER TODAY

REGISTER TODAY

 



MDRT - Event

Register Here

 


National Committee Report

Duane Borcherding, CLU, ChFC

 

NAIFA GovTalk

 

Federal Courts Rule on the Legality of Affordable Care Act Health Insurance Subsidies 

Cort BradburyIssue: State Health Exchanges
Date: July 24, 2014
Action Taken: A three judge panel of the federal Court of Appeals for the District of Columbia Circuit determined in Halbig v. Burwell that per the language of the Affordable Care Act (ACA) federal subsidies to assist qualified individuals to purchase health insurance can only be available in those states that opted to establish their own health exchange.  On the same day, in King v. Burwell, the Fourth Circuit Court of Appeals reached the opposite conclusion and upheld the ACA health insurance subsidies and concluded the subsidies can be available in state and federal exchanges. 

Background: In the case of Halbig v. Burwell, the Court held that while the ACA requires the Department of Health and Human Services (HHS) to establish an exchange in States that declined to set up an ACA insurance marketplace, the ACA also restricts federal health insurance subsidies to insurance purchased through exchanges established by a State, which means that ACA subsidies are limited to those who purchased coverage through a State-based exchange. 

The Internal Revenue Service (IRS), in implementing the ACA, interpreted the law to allow subsidies to be available to individuals who purchased insurance coverage through a state exchange or the federal exchange.  The Court ruled the IRS interpretation exceeds what is authorized under ACA:   

“We conclude that appellants have the better of the argument:  a federal Exchange is not an ‘Exchange established by the State,’ and section 36B does not authorize the IRS to provide tax credits for insurance purchased on federal Exchanges…and conclude that section 36B plainly distinguishes Exchanges established by states from those established by the federal government.” 

In a dissenting opinion, another judge on the Court argued that that the availability of ACA subsidies through the federal exchange should be upheld “..because the [ACA] empowers HHS to establish exchanges on behalf of the States, because parallel provisions indicate that Congress thought that federal subsidies would be provided on HHS-created exchanges, and, most importantly, because Congress established a careful legislative scheme by which individual subsidies were essential to the basic viability of individual insurance markets.” 
In the case of King v. Burwell, the Fourth Circuit Court of Appeals upheld the IRS’s interpretation of Section 36B to permit ACA subsidies for all eligible individuals – not just those who reside in states that established their own health insurance exchange. The ruling, coming just hours after the Halbig decision, weighed conflicting evidence and other parts of the law in an attempt to determine Congressional intent.  Being unable to do so, the court looked to precedent that, in instances of ambiguity, defers to an agency’s interpretation of the law. Thus, the court allowed the IRS interpretation to stand.

Next Steps: It is expected the Administration will appeal the Halbig case to the full D.C. Circuit Court of Appeals for an en banc review.  That ruling will not take effect until it is completely resolved, either by the full D.C. Circuit or by the U.S. Supreme Court. NAIFA will continue to monitor both cases and report to members any developments.

NAIFA Staff Contact: Steve Kline, Director - State Government Relations at skline@naifa.org; Kyle Kunkler, Program Manager - Federal Government Relations at kkunkler@naifa.org ; Diane Boyle, Vice President – Federal Government Relations; dboyle@naifa.org 

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