Volume 4, Number 31, August 3, 2007
This Saturday at 10 a.m. in Orlando Chief Financial Officer Alex Sink commences the Department of Financial Services’ Unclaimed Property auction as guest auctioneer. A selection of interesting, valuable and rare items will be up for bid under her gavel as she kicks off the day and her debut as an auctioneer for the state.
The professionals will then take over and an intense day of auctioneering will clear out the vaults for another year.
Personal property is turned over to the state by banks and credit unions from safe deposit boxes when the owners can’t be found. The state attempts to find the owners of the property with success in many cases.
But when the owners can’t be located and the vault is full, an auction turns the goods into cash.
The cash then goes into the state school trust fund to support public education in Florida.
But owners and heirs can always claim their rightful funds from the state at any time, at no charge.
Visit www.FLtreasurehunt.org to find out if the state is holding your money or property.
HOSTS HISPANIC ROUNDTABLE MEETING IN ORLANDO
FOR THE RECORD TV SHOW FEATURES CFO SINK
Chief Financial Officer Alex Sink was interviewed about issues of interest to Central Florida for the local news show For the Record during her recent visit to the Orlando area.
For the Record is a weekly discussion of the Orlando community’s critical topics with award-winning Orlando Sentinel editorial page editor Jane Healy and Central Florida News 13’s political reporter Scott Harris.
For the Record airs every Sunday at 9:30 a.m. and 1:30 p.m. on Central Florida News 13.
CFO SINK REMINDS SELF-EMPLOYED ABOUT AUGUST OPEN ENROLLMENT FOR HEALTH INSURANCE
Florida Chief Financial Officer Alex Sink is urging self-employed Floridians to remember that August is open enrollment month for single-group employers to get health insurance or switch plans on a guaranteed-issue basis, meaning insurers and Health Maintenance Organizations (HMOs) must offer coverage without regard to health status. The open enrollment period continues through August 31, 2007.
“Our small employers are the backbone of this state and I want to make sure they take advantage of this once-a-year opportunity to get health coverage,” said CFO Sink. “There is no other time of year that coverage is guaranteed for the self-employed, so they should act now to get insurance or review their current policy.”
The open enrollment period requires insurance companies and HMOs to offer applications for coverage to the self-employed on a guaranteed-issue basis from August 1 to August 31 each year, with a plan start date of October 1. Companies that write coverage for small groups are required to offer Basic or Standard plans to the self-employed.
A sole proprietor, independent contractor or self-employed individual can apply for coverage if all of the conditions and criteria established in the law are met, and certain documentation verifying the operation of an active business is provided, including tax forms, license information and business receipts, per Florida Statutes 627.6699(3)(u).
A list of
insurance companies offering coverage is posted on the Department of
Financial Services' website at
Coverage options for employers also include health savings accounts (HSAs) or health reimbursement arrangements (HRAs). HSAs, which operate like Individual Retirement Accounts (IRAs), allow people to save their own money in a tax-free account for use on health-related expenses. If the money is not spent, it will roll over annually and accumulate until the policyholder is age 65, at which time the money can be used for any purpose.
CFO Sink encourages consumers to contact the department's toll-free consumer helpline at 1-800-342-2762 or log on to to request a free Health Insurance Guide or Small Business Owners’ Insurance guide.
HEALTHY KIDS AD HOC COMMITTEE TO SUGGEST IMPROVEMENTS FOR THE PROGRAM
The Florida Healthy Kids Corporation’s Administrative
Simplification Ad Hoc Committee that was appointed by Florida Chief
Financial Officer Alex Sink met for the first time this week. CFO Sink
formed the committee to review the policies and procedures and determine
what administrative action may be taken to increase enrollment and retention
in the Healthy Kids program.
For more information:
Fla. Panel Offers Ways to Keep KidCare - AP
CFO SINK ANNOUNCES
THREE FAMILY MEMBERS, BROKER CHARGED IN SOUTH FLORIDA
MORTGAGE FRAUD SCHEME
CITIZENS TASK FORCE MEETS BY TELECONFERENCE
The Task Force on Citizens Property Insurance Claims Handling and Resolution convened Wednesday, August 1, 2007, in Tallahassee via conference call beginning at 10:00 A.M.
The task force, as directed by the Legislature, received an update from Citizens on the status of the 2004 and 2005 hurricane claims. As of July 30, 2007, 978 of the 3,330 claims, open as of June 18, 2007, have been closed.
Citizens also informed
the Task force on progress made in adjuster and employee training in
preparation for the 2007 storm season. Other areas of interest contained in
the Task Force’s First Report dated July 1, 2007 were discussed and a plan
of action established for the further monitoring of these items.
Consumer eViews www.MyFloridaCFO.com/PressOffice/Newsletter/