Family business spans 50 years
Twenty-five years ago, Tricia Hecht-Glad joined her father’s insurance business, Hecht and Hecht Group in Northeast Portland. Her father Dan started selling insurance at 19 while attending the University of Oregon, and 50 years later he still works part-time for the insurance business he founded with his brother in 1972. In addition to serving clients locally, the Hecht Group has a client base that spans the country.
Born and raised in Oregon, Tricia is one of five children and earned a master’s degree in finance from Marylhurst. Ten years ago, she became president of the Hecht group. In October 2016, the Hecht group joined Alliant Insurance, one of the top fifteen largest brokerages in the country. Hecht remains a wholly owned subsidiary located at 425 N.E. Hancock St. in the Eliot neighborhood.
Hecht brokers advise clients on the full range of medical insurance options, including employee and executive health benefits, life insurance, disability, and long-term care insurance. With access to multiple insurance carriers, Hecht seeks insurance providers that best meet their client’s needs. “Brokers can play a key role in helping clients make decisions for medical care, including their preferences for doctors, hospitals, and consideration of their budget,” said Hecht-Glad.
Health care insurers of large companies operate within a 15 percent margin according to Hecht-Glad; for every dollar they earn, 85 cents is used to pay claims. The consulting fee for brokers is no cost to the client. “Having an advocate is huge,” said Hecht-Glad. “Insurance is a personalized solution, not one-size-fits all.”
Hecht brokers also consult seniors about Medicare options; one resource available to all seniors is www.medicare.gov.
For more information, see hechtgroup.com or call 503-288-6731.
Broker serves diverse community
Tina VanPhung, a medical benefits advisor with NW 365 Insurance, 1827 N.E. 44th Avenue in Hollywood, was born in South Vietnam and fled the country at 13 with her family in 1977. They landed in northern Virginia, and in 1988 VanPhung began her career working at embassies in China and Thailand for the U.S. State Department. After returning to the States, she eventually moved to Oregon after visiting Portland in June 2005. VanPhung started her career as a medical insurance broker in 2011 after encountering family friends who struggled without life insurance benefits. Motivated to help others, VanPhung shares office space with State Farm Insurance, providing access to one-stop shopping insurance for the community. In addition to English and Vietnamese, VanPhung has language resource providers who speak Chinese and Russian.
VanPhung provides insurance services for small businesses (less than 20 employees) as well as individuals seeking Medicare, health, life insurance, long-term care, disability, final expenses, and travel insurance. She helps seniors navigate the “Medicare maze,” to better understand options “ranging from A to D.” Although Medicare was enacted 52 years ago, VanPhung said seniors still need help and she worries about potential future cuts to the program. “Some seniors think that Medicare pays for everything, but it only covers 80%, not including their prescription costs,” she said. She has future plans to offer Medicare workshops for seniors.
VanPhung offers a 30-minute free consultation and realizes that this is a journey based on trust and building relationships. VanPhung represents the Asian community at the Business of Diversity, a forum scheduled to meet annually to discuss topics of diversity, racism and prejudice in business settings. She’s also an advocate for the Alzheimer’s Association and traveled to Salem to raise awareness during the last legislative session. She participates with the King City Lions, who help low-income people by raising money for vision and hearing needs. Oregon school children are now required to have vision testing so they don’t fall behind in school, according to VanPhung.
For more information: see nw365insurance.com or call 503-504-3883.
Tricia Hecht-Glad, left, consults with her brother Joe in the business their father, Dan Hecht, founded in 1972. Tina VanPhung, right, a medical benefits advisor with NW 365 Insurance, provides access to one-stop shopping for insurance. (Kathy Eaton)