Articles
Minimizing Healthcare Regulatory Risk
Friday, July 8, 2016
Regardless of your role within the healthcare space, everyone can have an impact on how an organization minimizes regulatory risks. Healthcare executives need to understand the trending regulatory claims, the best way to partner with insurance associates, and how varying policies interface with the associated liabilities.
Innovative Insurance Solutions For Today’s Mergers & Acquisitions
Tuesday, June 28, 2016
As mergers and acquisitions become more common, the risk of financial loss in these deals is increasing. A properly structured reps and warranties insurance policy can help protect both the buyer and seller. PS&F’s Cliff Rudolph explains further in the PSBJ.
Final SBC Template and Related Materials
Friday, June 24, 2016
The Departments of Labor, Treasury, and Health and Human Services (“the Departments”) have released final versions of the Uniform Summary of Benefits and Coverage (SBC) template, instructions, sample language, and Uniform Glossary (“glossary”), along with a Coverage Examples Calculator and related instructions.
Employer Reporting Errors
Wednesday, June 22, 2016
Now that the deadline under Sections 6055 and 6056 for issuing statements to employees/covered individuals has passed, employers may begin to identify errors in the statements issued.
Employer Exchange Subsidy Notices – Appeal or Not?
Monday, June 13, 2016
Employers are starting to receive notices from public Exchanges indicating that one or more employees are receiving a subsidy when purchasing individual health insurance coverage through a public Exchange. This could potentially trigger employer penalties under §4980H. If an employer receives such a notice, the employer has a right, but is not required, to appeal when they feel an employee should not be receiving a subsidy because the employer offers minimum value, affordable coverage.
Disability Insurance Due Diligence
Thursday, June 9, 2016
According to multiple surveys, approximately 90% of employers offer long-term disability (LTD) insurance to their employees.
EEOC Final Rules on Wellness Programs
Tuesday, May 31, 2016
The Equal Employment Opportunity Commission (EEOC) has released two separate sets of final regulations relating to wellness program compliance under the Americans with Disabilities Act (ADA) and the Genetic Information Nondiscrimination Act (GINA). Despite a few recent court rulings against the EEOC’s voluntary requirements for wellness programs, the final rules generally clarify and confirm what was previously set forth in the proposed rules issued last year while expressing EEOC’s reasons for disagreeing with the court decisions.
Does Your Company Have a Network Breach Plan?
Tuesday, May 17, 2016
Your company may have purchased cyber coverage, but does that mean you have a network breach response plan in place? Parker, Smith & Feek’s Ed Rhone can tell you more in the Puget Sound Business Journal.
REMINDER: PCORI Fees Due July 31
Tuesday, April 26, 2016
Employers who sponsor self-funded medical plans must report and pay the ACA Patient-Centered Outcomes Research Institute (PCORI) fees no later than July 31, 2016. Health insurance carriers will pay the fee directly in the case of fully-insured plans.
PART 3 OF 3: Construction Industry Risks: Cyber Insurance
Wednesday, April 13, 2016
Despite our heightened awareness and best in class cyber controls, most companies will at one time or another experience a cybersecurity event.
PART 2 OF 3: Construction Industry Risks: Data Privacy and Cyber Security Risk Management and Risk Transfer
Monday, March 28, 2016
Data Security Risk Management Basics
The risks associated with the collection, transfer, and retention of data are real and significant. For a construction company, it is of paramount importance to identify areas of exposure and develop adequate risk management programs that address data privacy and security. To help you get started, here is a list of questions to ask yourself when developing your corporate risk management plan. These should include, but not be limited to, identifying and inventorying your corporate data.
PART 1 OF 3: Construction Industry Risks: Data Privacy and Cyber Security Basics
Tuesday, March 22, 2016
Rarely does a week pass when we don’t hear about another major cyber breach, computer virus, or social engineering scam.
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