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Monday, April 26, 2021
In October 2020, the BlueCross BlueShield (BCBS) Association, of which both Regence Blue Shield and Premera Blue Cross are a part, reached a settlement in a lawsuit related to licensing agreements within the BCBS system. From the settlement, funds have been allocated to compensate both employers and employees who were covered by a BCBS plan during the settlement period.
Friday, April 23, 2021
It’s been a year since the COVID-19 pandemic struck and shutdown orders forced the majority of Parker, Smith & Feek’s workforce to remote environments.
Monday, April 19, 2021
On March 23rd, the 400-meter cargo ship Ever Given owned by Evergreen ran aground in the Suez Canal after encountering high winds, grinding vessel traffic on the central shipping route between Europe and Asia to a complete standstill for almost a week straight.
Friday, April 16, 2021
Starting in September of 2019, the commercial insurance marketplace began to show signs of firming. Since then, most insurance markets in the property and casualty industry have entered a full-blown hard market cycle…
Thursday, April 15, 2021
In IRS Announcement 2021-07, the IRS clarified that amounts paid for personal protective equipment (PPE) such as masks, hand sanitizer, and sanitizing wipes may be treated as qualifying medical expenses and thereby qualify for tax-favored reimbursement if it is purchased for the primary purpose of preventing the spread of COVID-19.
Thursday, April 8, 2021
The Department of Labor (DOL) has released model notices and a COBRA subsidy information website related to the COBRA subsidy that was passed as part of the American Rescue Plan Act or 2021 (ARPA). The website will be the central location that the DOL uses to inform individuals of their potential right to take advantage of the subsidy, and to assist employers with fulfilling their compliance obligations.
Wednesday, April 7, 2021
With an increase in the vacancy rate of commercial properties due to the COVID-19 pandemic, owners are at greater risk of suffering uninsured losses.
Tuesday, April 6, 2021
In Alaska, there are new group association plan options that can benefit small businesses. Association health plans can help lower healthcare costs for smaller companies by providing access to savings associated with large group medical coverage.