The Rap on Wrap Policies:
Articles
Republicans Release Health Policy Proposed Legislation
Thursday, March 9, 2017
House Republicans have released the “American Health Care Act” (AHCA), the first official draft of ACA “repeal and replace” legislation. As of March 9, the legislation is being reviewed, debated, and changed in the relevant House committees, so details are likely to change; however, much of what is contained in this draft is likely to […]
Can Gaming Technology Help Senior Living Operators Eliminate Resident Falls?
Thursday, March 9, 2017
How far would the stakeholders of your senior living facility (e.g. nursing staff, operators, and owners) go or be willing to spend to achieve a resident fall rate of less than 2.0 per 1,000 days?
UPDATE – Taxation of Fixed Indemnity Plans
Tuesday, March 7, 2017
In January, the IRS Office of Chief Counsel issued a memorandum clarifying the tax treatment of certain types of fixed indemnity plans offered by employers.
How To Avoid These Pitfalls In Offering Employees Disability Insurance
Monday, March 6, 2017
Long term disability insurance can be an effective strategy to protect employees’ income should they have a serious accident. However, there are often serious gaps in coverage that can prevent the policy from truly replacing the lost salary.
IRS Issues Memorandum on Taxation of Indemnity Plans
Thursday, February 16, 2017
The IRS Office of Chief Counsel has issued a memorandum clarifying the tax treatment of certain types of fixed indemnity plans offered by employers.
Qualified Small Employer Health Reimbursement Arrangement
Monday, January 30, 2017
The 21st Century Cures Act (“Act”), passed and signed into law in December, includes a provision creating what is called a “Qualified Small Employer Health Reimbursement Arrangement” (“QSEHRA”). A QSEHRA allows small employers who do not offer group health insurance to their employees to provide money to employees on a tax-free basis; the money can be used to pay for individual health insurance policies and to reimburse employees for certain medical expenses.
What Can You Do To Manage Opioid Dependence In Your Workforce?
Wednesday, January 25, 2017
Prescription painkillers are everywhere, literally. According to IMS Health, in the United States alone, 249 million opioid prescriptions were written in 2015. For reasons that are unclear, it appears to be a societal issue; Americans consume 80% of the world’s opiate-based prescriptions.
Trump Issues Executive Order Regarding the ACA
Monday, January 23, 2017
On his first day in office, President Trump issued an executive order instructing regulatory agencies with authority over the Affordable Care Act (ACA) to take any action possible “to the maximum extent permitted by law…to waive, defer, grant exemptions from, or delay the implementation of…[the ACA].” The order itself does not actually change any current […]
The Rap on Wrap Policies:
An Owner/Developer Perspective
Tuesday, December 13, 2016
With construction booming across the entire Puget Sound Region, Owner Controlled Insurance Programs (OCIP) have become a popular strategy to insure a project’s onsite assets. But these programs can vary in effectiveness based on a large number of factors, and may not always be the most appropriate coverage for a specific project.
IRS Extends Deadline for Providing 2016 Form 1095s
Monday, November 21, 2016
The IRS has issued Notice 2016-70 delaying the due date for employers and insurers to provide the 2016 Forms 1095-C and 1095-B to employees and plan participants. The notice extends the deadline 30 days from January 31, 2017, to March 2, 2017. Note that the deadline for filing the required forms with the IRS was […]
The Impact of the Election on Employer Sponsored Health Benefits
Friday, November 18, 2016
The results of the 2016 election will obviously have a significant impact on employer-sponsored benefits. In the short time since the election, much has already been written about how the governmental shift could affect a wide range of public policies.
Product Liability, Product Withdrawal, and Product Recall Insurance – Which Do I Have and What Does it Mean?
Friday, October 28, 2016
Product liability insurance is designed to cover the costs associated with bodily injury and property damage caused by your product. For example, say you manufacture pellet stoves and your stove does not properly function, burns down a customer’s house, and injures a customer.
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