risk management

Hummel Group recognizes the unprecedented questions the coronavirus (COVID-19) outbreak is raising for our clients, particularly questions related to business income and event cancellation losses and how policies will respond to these incidents. While one answer does not fit all circumstances, Hummel Group will take the appropriate steps to work with your insurance carriers to evaluate the coverage for a coronavirus-related claim under any insurance policy in a timely manner.

Hank Reifsnyder of Hummel Group's Orrville office took some time to talk about what it means to be a Smartvestor Professional and why he chose to become one.  Check out the videos below to learn more or check out our SmartVestor page here.

Required Minimum Distributions (RMDs)

Reminder that if you are 70+ years old, you need to take a minimum amount of money from any IRA you have.  Click here for a reminder on what an RMD is or contact a Financial Advisor at Hummel Group for more information.

Did You Know?

According to the annual Kaiser Family Foundation and the Health Research & Educational Trust employer health benefits survey, over half of large employers have embraced telemedicine, with 63% offering health care services through this method.

Of these employers, 33 percent offer financial incentives to receive health care services this way, as opposed to an in-person physician visit.

Does your business need a buy-sell agreement?

Planning on working during retirement?  If so, you're not alone.  Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years.  Here are some points to consider.

During the Medicare Open Enrollment Period that runs from October 15 through December 7, you can make changes to your Medicare coverage that will be effective on January 1, 2018.  If you're satisfied with your current coverage, you don't need to make changes, but it's a good idea to review your options.

During Open Enrollment, you can:

143 Million People Potentially Affected in Equifax Data Breach

Equifax, one of the largest credit reporting agencies in the United States, was recently the victim of a massive cyber attack- an attack that may have compromised the personal information of 143 million people.