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Key Insurance Changes From The Washington State 2021 Legislative Session

Parker, Smith & Feek Account Executive Chris Corry provides an overview of the insurance decisions made during the latest legislative session in the Puget Sound Business Journal

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COVID-19’s Impact on Virtual Care

The Covid-19 pandemic dramatically increased usage of virtual care over the last year, and the trend is only increasing as a return to normalcy is on the horizon.

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How Hiring Has Changed After COVID-19

Recruiters should be mindful of how COVID-19 has changed the job market in general and understand the unique way your specific industry has been impacted so that you can position roles well for your hiring pool.

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COVID Vaccine Incentives

Employers are generally allowed to provide COVID vaccine incentives to employees who obtain the vaccine, so long as wellness program rules are followed.

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Improve Workers’ Compensation Costs With CCPAP

The NCCI Contracting Classification Premium Adjustment Program (CCPAP) is a workers’ compensation discount program that provides premium credits to employers that pay higher than average wages to employees classified within contracting class codes.

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Keeping Up With Clinical Risk Management:
Supporting Your Healthcare Providers through the Stress of Litigation

Regardless of where a healthcare professional may be in their career, defending the care they provided in a medical malpractice case can be an extremely stressful, emotionally demanding, and lengthy process.

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IRS Releases Additional COBRA Subsidy Guidance

The Internal Revenue Service (IRS) has issued Notice 2021-31 (the Notice) which includes significant guidance regarding the American Rescue Plan (ARP) COBRA subsidy. The Notice answers some of the outstanding questions employers have and provides clarification to other important COBRA subsidy issues. Overview The Notice includes a summary of the COBRA subsidy requirement, a review […]

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Five Things You Need to Know About Captive Insurance

A captive is an alternative risk management strategy where an insurance company is owned by its insured(s). The captive then insures some or all of the risks of its parent company and any associated groups. Often, the risks insured in a captive are either very difficult to insure in the commercial insurance market or are very costly.

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IRS Provides Clarification for DCAPs in 2021 and 2022

The Internal Revenue Service (IRS) released Notice 2021-26 clarifying what amounts may be reimbursed under a dependent care assistance program (DCAP) on a tax-favored basis in 2021 and 2022. The additional flexibility in recent legislation to allow carryovers and extended grace periods, as well as the increased contribution limit of $10,500 for the 2021 calendar […]

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An Escape Artist Lives in Your Home

Water damage is one of the most common claims in the insurance industry, yet one of the least discussed. Until this year’s Texas freeze, we rarely saw a story making headlines about a pipe bursting in the home. Yet year over year, water losses are the leading cause of avoidable homeowner claims in the U.S.

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Blue Cross Blue Shield Antitrust Settlement

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.

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