Articles
Transparency Requirements & Surprise Billing – Agency FAQs Offer Several Delays
Monday, August 30, 2021
Last week, agency guidance was released in the form of frequently asked questions (FAQs) clarifying requirements and effective dates set forth in the transparency in coverage final rules and the Consolidated Appropriations Act (CAA).
Health Plan Cost Transparency
Thursday, August 19, 2021
The health plan cost transparency rules (the transparency rules) contain two principal requirements. First, carriers and health plans will need to make a data file publicly available that will provide detailed data on plan reimbursement rates for different providers. Secondly, plans will need to provide an advanced estimate of the cost to participants for medical services covered by the plan.
The Sticker Shock of Wood Frame Builder’s Risk Market
Wednesday, August 18, 2021
You may have heard that wood frame projects are more challenging to insure, but unless you received a recent quote on one, you might not realize what this means. Though the market is challenging, there are some steps you can take to be prepared and help obtain the best quotes possible.
COVID Vaccinations – Employer Strategies
Wednesday, August 18, 2021
Now that COVID vaccinations are readily available to all but young children, more employers are looking to encourage, and in some cases mandate, employees and their family members to get vaccinated. There is certainly flexibility for employers to do so, but employers need to be aware of certain compliance requirements that may apply depending upon what type of policy the employer implements.
Diving Into Crime Insurance
Thursday, August 12, 2021
Commercial crime or business crime insurance is an essential coverage to have, as it provides protection for losses due to fraud, embezzlement, theft, forgery, or any other business crime.
Why and How Did the Cyber Insurance Market Harden Overnight?
Tuesday, August 3, 2021
This is a question many insureds are pondering as they are running into seemingly brick walls at their renewals. After battling hard markets in other lines of insurance over the past few years, most policyholders have not seen cyber premiums increase significantly until recently.
IRS Releases Additional COBRA Subsidy FAQ
Friday, July 30, 2021
The Internal Revenue Service (IRS) has issued new COBRA subsidy guidance in Notice 2021-46 (the Notice) which supplements guidance released earlier in Notice 2021-31. The new Notice principally addresses issues related to the process plan sponsors use to recover lost COBRA premium payments through a payroll tax credit.
COBRA Subsidy Expiration Notice
Friday, July 30, 2021
It is already time to think about the distribution of the expiration notice for the COBRA subsidy as required by the American Rescue Plan Act (ARP). This notice has also been referred to as a termination notice.
Protecting Your Employees from Identity Theft and Cybercrime
Wednesday, July 28, 2021
This article focuses on offering your employees identity theft protection as a benefit, but I would be remiss not to mention that you should have cyber liability coverage in place to protect your organization.
COBRA Subsidy – Updated Form 941
Wednesday, July 14, 2021
Form 941, the employer’s quarterly federal tax return, has been updated to allow employers to claim a credit for any COBRA subsidies provided to assistance eligible individuals in accordance with §9501 of the American Rescue Plan Act of 2021 (ARP).
Surprise Billing – “Part 1” of Regulations Issued
Monday, July 12, 2021
On July 1, 2021, The Office of Personnel Management (OPM), along with the departments of Health and Human Services (HHS), Labor (DOL), and Treasury released “Part 1” of regulations implementing the No Surprises Act.
Important Changes to Student Loan Repayment Programs
Thursday, July 1, 2021
Student loan repayment programs are a valuable tool for recruitment and retention for employers looking for talent. American Student Assistance (ASA) found that 86% of employees would be willing to commit five years of their career to a company that helps them pay down their student debt.
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