Articles

Keeping Up With Clinical Risk Management:
Should You Be Texting Your Patients?

As technology advances, patients are becoming increasingly active partners in their care. The boost in sales of personal mobile health devices that deliver instant results, such as Apple watches and Fit Bits…

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Insuring Against Contamination and/or Pollution in Healthcare

A healthcare facility is a place that most of us think of as safe when we are sick or injured. However, recent news of a local hospital shutting down all of its operating rooms due to mold contamination is a reminder that there are contamination and pollution risks associated with healthcare establishments.

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Becoming the CEO of Your Personal Life –
A Personal Insurance Series: Staying Current

When we make changes in our busy lives, it’s easy to forget how they may affect our personal insurance. As a result, people often have important coverage gaps or pay more premium than they should.

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Funding Healthcare and Retirement Expenses with HSAs

Today’s employers are faced with the monumental task of offering competitive benefits to a very diverse workforce in an extremely tight labor market (while keeping costs in check), promoting wellness and consumerism to its participants, and helping employees balance their needs for health and wealth management now and in the future.

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Mitigating Rising Auto Insurance Rates

Make no mistake, automobile insurance rates have been increasing over the past few years and seem to be picking up steam. Average rate increases, even for policyholders with relatively good loss histories, have been around 5%-7%. For those with greater loss activity, the increases have been in the double digits.

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Controlling Washington L&I Premiums with Retro Groups

In Washington State, workers’ compensation insurance is provided through the state (i.e. a monopolistic state fund). This is a relatively rare structure in the United States; Washington is one of only four states that pay workers’ compensation premiums to the state’s department of labor and industries (L&I), and not to a private insurance carrier.

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2020 “Affordability” Percentage

In Revenue Procedure 2019-29, the IRS decreased the affordability percentage from 9.86% to 9.78% for 2020. This percentage determines which applicable large employers may face penalties under §4980H(b) for failure to offer affordable coverage as well as which individuals may qualify for subsidized coverage through a public Exchange. Background Under §4980H, applicable large employers (50 Read More »

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HSAs & Preventive Coverage

In IRS Notice 2019-45, the IRS expanded upon what is considered to be preventive coverage for purposes of determining eligibility to contribute to a health savings account (HSA). The guidance comes shortly after the issuance of President Trump’s executive order requesting that the agency provide further flexibility for those with chronic conditions to receive coverage Read More »

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Is Your Business Prepared When Washington’s Paid Family and Medical Leave Benefits Begin in 2020?

Washington employers have already begun paying premiums to the state under the new Paid Family Medical Leave law, but there is still more work to be done before benefits start paying out in 2020. Organizations should take the time to review their existing benefits plans and how PFML fits into that structure.

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HHS Changes Rule Regarding Prescription Drug Manufacturer Coupons and Cost-Sharing Requirements

The Department of Health and Human Services (HHS) Centers for Medicare & Medicaid Services (CMS) has released the final Notice of Benefit & Payment Parameters for 2020.

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Preparing for a Hardening Insurance Market

Up until 2018, companies have enjoyed the fruits of a “soft” commercial insurance market. A soft market is generally characterized by declining insurance rates and increased availability of generous coverage enhancements. Many things contribute to a soft market…

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Recent Executive Order

President Trump issued an executive order last week directing the Department of Health & Human Services (HHS), the Department of the Treasury (IRS), and the Department of Labor (DOL) to take various actions related to health care over the next two to six months. The executive order instructs the regulatory agencies to develop new rules Read More »

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