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October 14, 2022 Washington Update: IRS Finalizes Rule Fixing the ACA "Family Glitch"

On October 11, 2022, the IRS finalized its proposed rule to fix the 'family glitch' in eligibility rules for the ACA premium tax credit (PTC). The new final rule will be effective starting in the 2023 tax year. Under the so-called 'family glitch' circumstance, family members were previously ineligible for a PTC if the cost of self-only coverage was affordable. A PTC for purchasing health insurance on the ACA's marketplace is available to people who do not have access to 'affordable' coverage t

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September 28, 2022 New Pharmacy Data Collection Requirements

When the 2021 Consolidated Appropriations Act (CAA) was enacted just before the New Year, the far-reaching impact on employer-sponsored group health plans was unknown. As it turns out, the CAA requirements have impacted group health plans in many areas, including new cost transparency, surprise billing and pharmacy data reporting requirements. Deadlines for implementing cost transparency reporting and surprise billing have come and gone. The next hurdle on the CAA track is pharmacy data collect

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September 02, 2022 Delaware Extends Exculpatory Protections to Corporate Officers

Delaware recently amended its laws to allow for the exculpation of corporate officers, in addition to corporate directors, in some cases. While these new provisions are not an absolute shield, they could change the total risk picture for corporations in certain scenarios. Get more information on this evolving issue and our experts' take on what this could mean for premiums and retentions in the future, and find out what you need to do next.

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August 30, 2022 Generating Revenue During Economic Uncertainty

Many changes in today's economy are demanding creative solutions for lenders. While some of these economic shifts have been positive, others have been negative, making for an uncertain state, both currently and looking ahead to the future. The unemployment rate remains relatively low, similar to pre-pandemic numbers, and the job market remains positive for jobseekers. Overall, loan performance is good, an excess in home equity remains, and the housing supply is still low. Although positive shif

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August 29, 2022 Webinar: Breaking Benefits - Long Term Care Market Updates & Legislation

During this Breaking Benefits session, we discuss employee's needs for long term care, why employers should be thinking about it and how potential legal changes can impact highly compensated employees. Did you know approximately 1 in 2 people turning age 65 will need some type of paid Long-Term Care services in their lifetimes? The cost of care could vary widely. For example: The median annual cost for a home health aide is currently $54,912. A year in a nursing-home private room is $155,1

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August 18, 2022 Webinar: Don't Let Vendor Solutions Lead to Compliance Problems

Employers have increasing opportunities to engage with vendors who provide specific solutions to improve health conditions. However, these solutions can impose various health and welfare compliance obligations. Join us for a discussion of the compliance implications inherent in offering certain programs. Agenda Overview of Vendor 'Point' Solutions ERISA, COBRA, HIPAA, and the ACA Practical Solutions for Federal Law Application Impact on HSA Eligibility Taxation Reporting Requirements O

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August 15, 2022 West Virginia Case Emphasizes FMLA Notice Requirements

As we were all looking forward to the weekend on Friday, August 5, 2022, a decision in the West Virginia Supreme Court, Fairmont Tool Inc. v. Opyoke, came down that emphasized the importance of the Family Medical Leave Act's (FMLA) notice requirements. The FMLA requires an employer to provide employees with certain information about FMLA leave, commonly referred to as the notice requirements. Generally speaking, once an employee makes a request for FMLA leave, the employer must provide three se

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August 10, 2022 Q2 2022 Specialty Claims Journal and Trend Report

Coming together to put success into action means establishing a strong base of knowledge. Staying on top of where the market is and where it could be headed for your specialty industry is the first step in making crucial choices that enable your organization to thrive. The Q2 2022 Specialty Claims Journal and Trend Report offers analysis and insight into the second quarter of the year from industry specialists, in addition to key predictions going forward. Discover critical information on where

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September 30, 2020 What You Need to Know as You Consider Aging Your Salary Structures

Whew. What a year! Are you thinking about salaries? Are you wondering if you should adjust your salary structures annually to keep pace with the market? Are you thinking this year is an outlier or anomaly in every way possible and we've got to reconsider everything? Acknowledged - you may have a swirling storm of factors to consider relative to determining salaries. You are not alone. What should I do? How do I attack the issue right now? I'm glad you asked. Here are three approaches to tacklin

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August 31, 2020 Why Hiring a Compensation Consultant Makes Sense for Your Organization

Compensation is the foundation of your total rewards model and critical to driving outcomes for your organization. However, developing an internal compensation function can be challenging. There are some barriers to developing and implementing a robust compensation program such as budget, time, expertise and even your own desire to manage the work.

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August 02, 2020 Your Annual BOLI Review: What You Should Know

Banks are expected to conduct a review of their bank-owned life insurance (BOLI) portfolio annually under the guidance of the Interagency Statement of 2004. This supervisory oversight responsibility assures regulators that a bank's risk management processes for BOLI are consistent with safe and sound banking practices. Due to the nature of the insurance information, most vendors assist their clients through the process, but this review is often only a snapshot in time of the BOLI portfolio. Wha

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August 01, 2020 BOLI Bond
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July 20, 2020 Three Cost Containment Strategies in Healthcare Benefits

Healthcare consumers and employers who sponsor benefits plans continue to battle rising costs. According to a March 2019 Peter G. Peterson Foundation article, the United States spent roughly $3.5 trillion, or more than $11,000 per person, annually. As a percent of GDP, we currently spend 17% on healthcare, and most economists expect this number to be 25% or higher by 2025. Between the mandates of the Affordable Care Act and the competitive talent market, employers are almost forced to be i

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February 28, 2020 Contingency Planning Checklist

Ensure your business is ready with key questions on remote work, communication, vendor impact, and continuity strategies for dynamic environments.

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What are the top insurance considerations on your financial journey?

Join Collin Deysher, and Dustin Willing, CPFA to uncover what you need to know to about insurance:

  • How to calculate your insurance needs
  • Term vs. permanent life insurance
  • Long Term Care
  • Disability
Register Here

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