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Market Pulse Survey: Post Roe v. Wade Policies

How will your company respond to the recent Supreme Court ruling over reproductive rights? Take our ‘Post Roe v. Wade’ survey to see how other companies are addressing the reversal of this precedent Plan sponsors are left wondering about their next move regarding coverage changes that may be appropriate in view of this landmark decision. Help us determine what benefits employers are considering in this new Post-Roe era. All who respond by Wednesday, July 6 will receive a summary of the survey results. We’ll take a look at: Covered medical travel Reimbursement methods and levels for plan participants …

https://www.epicbrokers.com/insights/market-pulse-survey-post-roe-v-wade/

Special Compliance Alert: What Is the Impact of the Roe v. Wade Reversal?

… include travel of a plan participant to obtain access to an abortion in a state where abortion is legal. Fully insured plans must comply with state laws and will not cover abortions in states where abortion is prohibited. It is unlikely that self-funded plans will be able to use Employee Retirement Income Security Act (ERISA) preemption as an argument to cover abortions in states where abortion is prohibited. Background On June 24, 2022, The Supreme Court of the United States (SCOTUS) released a final decision in Dobbs v. Jackson Women’s Health Organization (Dobbs), a case out of Mississippi …

https://www.epicbrokers.com/insights/special-compliance-alert-roe-v-wade-reversal-impact/

EPIC Announces Strategic Hires in Northeast

… of CPCU and CIC. Barbush specializes in group casualty and single-parent captives. She has over 40 years of experience, dedicating the past 22 years exclusively to captive insurance with mid to large commercial clients with a focus on the construction industry. Floyd and Shingara both bring a background in employee benefits consulting. Floyd concentrates on mid and large-group markets and is a healthcare consortium and self-funded expert. He holds the designation of Advanced Charter Benefits. Shingara is a Certified Employee Benefits Specialist. His experience includes captives, self-insurance, and other risk financing techniques. Len Scioscia, EPIC Northeast …

https://www.epicbrokers.com/insights/northeast-strategic-hires/

Boost Retention with Better Benefits, Culture & Safety

… January 2022 alone.1 This level of turnover is costly to your company both in time and money. It’s time-consuming to recruit and train new employees – not to mention the loss of institutional knowledge and reduction in productivity while positions remain vacant. It is estimated that losing an employee can cost your company six to nine months of that employee’s salary,2 making current employee retention a concern for all industries. To win this battle, you must proactively combat the top factors that cause employees to take other jobs including competitive compensation, better benefits, work/life balance …

https://www.epicbrokers.com/insights/boost-retention-benefits-culture-safety/

Leverage Forward-Thinking Insurance Solutions to Boost Your Recruiting Efforts

… their families coverage for their physical health, but they also desire a package that will cover their emotional, financial, and even digital health. EPIC will develop a customized strategy that meets the needs of your employee demographics while managing medical cost inflation and relieving your HR team to focus on employee recruiting and engagement. Our experienced Employee Benefits team can assist with: Managing escalating pharmacy costs to offer candidates more coverage options Identifying solutions that meet your candidates where they are (remote or hybrid working arrangements, new to the workforce, aging parents, or nearing retirement) Developing professional benefits communications to …

https://www.epicbrokers.com/insights/boost-your-recruiting-efforts/

EPIC Adds to Life and Executive Benefits Platform with the Acquisition of Dixon Wells, Inc.

Expanding National Footprint Across its RIA, Family Office, High Net Worth and Corporate Client Markets EPIC has acquired Dixon Wells, Inc. (“Dixon Wells”) in a strategic move to expand EPIC’s geographic footprint in the life insurance, executive benefits, and financial advisory distribution businesses under the Vanbridge Life and Executive Benefits umbrella. The transaction will broaden the reach of EPIC’s current practice and provide Dixon Wells with an expanded suite of offerings and resources to accelerate growth and improve client service in an ever-changing complex environment. Dixon Wells partners with financial advisors on a national scale to help …

https://www.epicbrokers.com/insights/epic-acquires-dixon-wells/

Compliance Alert: Machine-Readable TiC File Requirement Is Looming

Quick Facts Group health plans and issuers are now required to make publicly available a machine-readable file (MRF) disclosing information about costs, covered items and services starting on July 1, 2022. Additional requirements for prescription drug data and cost transparency tools are coming in the future. MRFs must contain specific information, follow a specific format and be posted on a publicly accessible website. Both fully insured and self-funded plan sponsors must comply with the requirements and will need to lean heavily on their carriers and third-party administrators (TPAs) for compliance assistance. Background In recent years, multiple new …

https://www.epicbrokers.com/insights/compliance-alert-tic-file-requirement/

Compliance Alert: Form 5500 Frequently Asked Questions

… is required for each employee welfare benefit plan sponsored by an employer that is subject to the Employee Retirement Income Security Act (ERISA). Each separate ERISA plan with 100 or more participants enrolled at the beginning of the plan year is required to file a Form 5500. Examples of common employee welfare benefit plans subject to ERISA include: Medical, surgical, or hospital care or benefits; Benefits in the event of sickness, accident, disability, or death. Some benefits, such as formal scholarship plans or severance plans, may also be ERISA plans and thus subject to filing. Such plans will require a …

https://www.epicbrokers.com/insights/compliance-alert-form-5500-faqs/