Medicare Part D Notice Reminder:
Articles
Breaking Down Cybersecurity Measures
Wednesday, November 3, 2021
In response to the increase in cyber attacks, cyber insurance carriers have reacted in several ways, most commonly by requiring companies to implement multi-factor authentication and strict call-back verification procedures to provide cyber coverage. There is a good reason for these requirements – they are extremely effective when implemented correctly.
HHS Issues FAQ Regarding Vaccines and HIPAA Privacy
Monday, November 1, 2021
On September 30, the Department of Health and Human Services (HHS) issued a set of frequently asked questions (“the FAQ”) addressing common issues and misconceptions related to employee vaccines and HIPAA privacy requirements (“the Privacy Rule”).
Ensure You are Sufficiently Protected with Personal Excess Liability Insurance
Friday, October 22, 2021
Insurance advisors are often asked how much personal excess liability someone should carry, but the answer is not always straightforward. The appropriate coverage limit is a subjective decision based on your unique situation, and there are many factors that each individual and family need to consider.
Smart Buildings Emerging as Targets of Cyberattacks
Thursday, October 21, 2021
As commercial real estate owners continue to invest in new technology to make their buildings smarter, new cybersecurity risks have emerged, making cyber liability insurance an important risk management tool.
Marine Employers’ Liability Coverage: What is it, and Do You Need it? Part 1
Wednesday, October 13, 2021
Unless your job is directly related to procuring, underwriting, or brokering insurance, it’s very likely that commercial insurance is something of a mystery. Within the industry, it’s widely accepted that marine insurance is among the oldest, if not the oldest, forms of insurance dating back to the Middle Ages.
The Washington State Long-Term Care Trust Act Opt Out is Now Available Online
Friday, October 1, 2021
Friday, October 1st, is the first day that Washington employees can apply to opt out of the state’s new long-term care (LTC) plan.
Create a Culture of Intrapreneurship and You Could Have the Key to Innovation
Monday, September 27, 2021
Intrapreneurs are the leaders within an organization who think outside the box and know how to get things done – behaving much like entrepreneurs. As a business owner, how can you encourage a culture of intrapreneurship and empower these individuals to bring their ideas to the table in your organization?
Don’t Go Chasing Rabbits… and Other Musings of a Career in Employee Benefits
Tuesday, September 21, 2021
I was recently asked to write a retrospective article looking back at my 36+ years in this industry and comment on all that has changed. That sent me down a rabbit hole thinking about all that has changed in that time and the many crazy twists and turns along the way.
Presidential Executive Order to Require Vaccine Mandate or Frequent Testing
Thursday, September 16, 2021
On September 9, 2021, an Executive Order from President Joe Biden was issued, requiring all US employers with 100 or more employees to require COVID-19 vaccinations or a weekly negative test result before coming to work. This is all available in the Path Out of the Pandemic, the White House’s COVID-19 Action Plan.
Medicare Part D Notice Reminder:
Deadline of October 14th
Monday, September 13, 2021
Employers with group health plans that provide prescription drug coverage to individuals who are eligible for Medicare Part D must comply with certain disclosure requirements.
2022 “Affordability” Percentage
Thursday, September 9, 2021
In Revenue Procedure 2021-36, the IRS decreased the affordability percentage from 9.83% to 9.61% for 2022. 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.
The Most Common Questions About Non-Owned Auto Liability
Wednesday, September 8, 2021
A common question commercial insurance brokers get from business owners and risk managers is about employees using their own vehicle for work purposes and whether they are covered by the commercial auto policy.
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