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EPIC Adds Cori Simpson

… a track record of leveraging data analytics to develop benefits strategies that achieve business imperatives and improve her clients’ population health and productivity. Cori brings a unique perspective to her consulting role: Cori has led consulting engagements with Fortune 100 clients encompassing human resources strategy, mergers and acquisitions, and broad benefits strategy including health and welfare, financial security and work/life issues. Cori held several positions focusing on strategies to optimize the balance between controlling company costs and providing the optimal compensation and benefits value to employees. During her time in the carrier business, Cori’s work achieved high service …

https://www.epicbrokers.com/insights/epic-adds-cori-simpson/

Is the Mark Cuban Cost Plus Drug Company the Answer to Rising Drug Costs?

Mark Cuban, of Shark Tank and Dallas Mavericks ownership fame, is the most recent entry into the “squeeze-the-margin-out-of-pharmacy” game. In October he launched The Mark Cuban Cost Plus Drug Company (MCCPDC), a pharmacy benefit manager. This month the online pharmacy launched with a promise of only a 15% flat margin and pharmacist fee on 100 generic drugs. Cuban isn’t the first billionaire to try to solve the challenges of drug pricing. Amazon acquired PillPack in 2018 and announced its entry into retail pharmacy. Long before that, Walmart launched a $4 generic drug price in …

https://www.epicbrokers.com/insights/mark-cuban-cost-plus-drug-company-rising-drug-costs/

DOL Provides Q&As for CAA Broker Compensation Disclosure Requirements

The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, included a requirement that starting December 27, 2021, brokers and consultants supplying services to Employee Retirement Income Security Act (ERISA) group health plans disclose to plan fiduciaries (typically the plan sponsor), in writing, direct and indirect compensation they receive for providing services to such plans. This disclosure requirement was effective for “contracts or arrangements entered into, extended, or renewed on or after December 27, 2021.” See our Compliance Insights article, “Employee Benefits Broker Compensation Disclosure Requirements Are Coming Soon,” for more information. On Thursday, December 30, 2021, the …

https://www.epicbrokers.com/insights/dol-provides-qas-caa-broker-compensation-disclosure-requirements/

The Emotional Wellbeing Toolkit

… we’ll provide: Assessment tools Strategies & resources Ideas for wellbeing conversations Effective communication strategies Visit the Human Resources Today website to sign up for a free recording! Get to Know Our Speakers Suzannah Gill, JD EPIC Benefits Strategy Consultant and a former ERISA attorney Suzannah is at the forefront of benefits trends and strategies. She provides resources and guidance to her clients to position themselves as employers of choice with well-managed benefit plans. Suzannah was named one of Employee Benefits Advisor’s 20 Rising Stars in Benefits Advising in 2018, was featured in BenefitsPro Magazine as a “Face of …

https://www.epicbrokers.com/insights/the-emotional-wellbeing-toolkit/

Sal Lona Joins EPIC

Addition Further Expands EPIC’s Employee Benefits Practice EPIC Insurance Brokers & Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Sal Lona has joined the firm as Senior Principal as part of its Employee Benefits Practice. In his new position with EPIC, Lona will be a leader in the Los Angeles employee benefits practice focusing on growth, business development and client management. He will provide employee benefit consulting and strategy, which includes plan design and implementation, cost analysis, data analytics, technology resources, administration, communications, point solutions and helping clients fulfill long-term goals for …

https://www.epicbrokers.com/insights/sal-lona-joins-epic/

KJ Stephens Joins EPIC

Addition Further Expands EPIC’s Employee Benefits Practice EPIC Insurance Brokers & Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that KJ Stephens has joined the firm as Vice President within its Employee Benefits Practice. In his new position with EPIC, Stephens will be responsible for bringing new client relationships to EPIC. He will develop health and welfare plan strategies for his clients and deploy the EPIC team and resources needed to meet client goals. He will create strategies that take clients’ benefits to a high performing level. Reporting to Robyn Pawlo, Executive Managing Principal …

https://www.epicbrokers.com/insights/kj-stephens-joins-epic/

No Surprises Act Part II Interim Final Rule: Air Ambulance Data Reporting Requirements

… for the two years covered by the reporting requirements in the NSA. Information that must be reported includes: Identifying information for any group health plan, plan sponsor or issuer, and any entity reporting on behalf of the plan or issuer, as applicable; Whether the plan or coverage is a(n) individual plan, large group plan, small group plan, self-funded plan offered by a small employer, self-funded plan offered by a large employer or Federal Employees Health Benefits plan; Date of service; Billing information; Medical billing coding information (i.e., Current Procedural Terminology (CPT) code or Healthcare Common Procedure

https://www.epicbrokers.com/insights/no-surprises-act-air-ambulance-data-reporting-requirements/

Challenges in the High Limit Disability Market

One of the most vital coverages for high-income earners is high limit disability protection. With athletes, celebrities, executives, financiers and attorneys making millions of dollars per year, the greatest threat they face to their income stream and lifestyle is a serious disability. And because the major domestic disability carriers (e.g., MetLife, UNUM, etc.) won’t insure more than a million dollars in annual income – the maximum now is $50,000 in monthly coverage at a 60% income replacement – these high earners are forced to look towards the Lloyd’s of London high limit marketplace for the additional coverage …

https://www.epicbrokers.com/insights/challenges-high-limit-disability-market/