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Monday, June 7, 2021
Employers are generally allowed to provide COVID vaccine incentives to employees who obtain the vaccine, so long as wellness program rules are followed.
Thursday, June 3, 2021
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.
Tuesday, June 1, 2021
The IRS released the 2022 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2021-25.
Wednesday, May 26, 2021
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.
Monday, May 24, 2021
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 Read More »
Tuesday, May 18, 2021
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.
Thursday, May 13, 2021
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 Read More »
Wednesday, May 12, 2021
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.
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…