Keeping Up With Clinical Risk Management:
Articles
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.
Keeping Up With Clinical Risk Management:
Are You Asking Patients About Their Digital Health Connectivity?
Thursday, September 2, 2021
Digital health technology, which includes the electronic tools, systems, devices, and resources that generate, store, and process data, exploded. COVID-19 pushed forward these digital tools that allowed patients to communicate remotely with healthcare providers in real time.
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.
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