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Claims Surpluses Hold Through 2020

With December now in the rearview mirror, we finally have a complete picture of our clients’ 2020 plan year costs and the results have been VERY favorable. Taking a high-level review of tens of thousands of members’ claims, the total plan year costs for our Northeast clients ran about 10% under the budgeted rates for the year – more favorable than anticipated at the beginning of the pandemic. Viewpoints from Adam Okun While it was clear Q2 plan costs were heavily suppressed due to the wholesale shutdown of the healthcare delivery system as it focused nearly exclusively on COVID-19 …

https://www.epicbrokers.com/insights/claims-surpluses-hold-through-2020/

Top 3 Risk Management & Benefits Solutions for Law Firms in 2021

… In a recent 30-minute webinar, we covered three solutions that will steer law firms toward success in another unpredictable year. The Three Solutions We Explored: Why Every Law Firm Should Consider a Health Plan Captive The Trifecta of Cyber Trouble Law Firms Face The Best Kept Secret in Executive Benefits In case you weren’t able to join us, we invite you to watch a recording of this webinar. PLAY RECORDING LAW FIRM FOCUS Our National Law Firm Practice features a team of professional liability and employee benefits consultants who are grounded in real-life, industry-based experience and …

https://www.epicbrokers.com/insights/top-3-risk-management-solutions-for-law-firms-in-2021/

EPIC Insurance Brokers & Consultants Acquires Pharmaceutical Strategies Group

EPIC announced today that it has agreed to acquire Pharmaceutical Strategies Group (PSG). The move incorporates the expertise and resources of the nation’s largest independent pharmacy benefit consulting firm into the EPIC Employee Benefits Consulting practice. As a strategic partner to self-insured employers, health plans and health systems, PSG is an experienced navigator of the complex drug pricing market, and generates more than $4.8 billion in drug cost savings for clients each year. “The opportunity to continue the next phase of our journey with EPIC is exciting,” said Dave Borden, PSG Founder. “For more than 25 years …

https://www.epicbrokers.com/insights/epic-insurance-brokers-consultants-acquires-pharmaceutical-strategies-group/

Webinar Recording Now Available: What Employers Need to Know About COVID-19 Vaccines

Webinar Recording Now Available! This was the first in a two-part COVID-19 Vaccine Webinar Series In this webinar, EPIC and Fisher & Phillips review key findings from our recent EPIC Market Pulse Survey addressing the vaccine and the impact of COVID-19 on benefits, followed by legal and policy considerations of the vaccine, as well as an update on the current EEOC guidance. Webinar Part 1 Agenda: EPIC Market Pulse Survey Results Preliminary Comments Legal Considerations Policy Considerations Practical Considerations and Logistics Helpful Resources PLAY RECORDING View the recording and presentation deck from Part Two of our COVID-19 …

https://www.epicbrokers.com/insights/what-employers-need-to-know-about-covid-19-vaccines/

Law Firm Benefits, Risk & Insurance: 21 Predictions for 2021

2021 has kicked off with the promise of a new year. The events and changes of 2020 will have a lasting impact on the way law firms conduct their business this year and for the foreseeable future. While making predictions can be challenging in stable environments, the lasting impact of last year make it even trickier in 2021. The EPIC team of Law Firm Experts is taking on that challenge with our 21 predictions for what law firms should expect for their benefits, risk, liability, and changing workforce dynamics in 2021. Remote Working Working from home became the new normal …

https://www.epicbrokers.com/insights/law-firm-benefits-risk-insurance-21-predictions-for-2021/

Benefits Communications: Not Just for Open Enrollment

… survived another open enrollment season! There’s a natural surge of employee benefits communications around open enrollment (OE), but they shouldn’t stop there. Expanding your communication plan to help employees make the best use of their benefits throughout the year is a must – even more so in the current benefits climate. Viewpoints from Jodi Perry Do you know what your employees don’t know? Survey them to understand in what area of benefits they’re least educated. During OE, most employees spend ample time reviewing their medical benefit offerings but most probably don’t know they have an Employee …

https://www.epicbrokers.com/insights/benefits-communications-not-just-for-open-enrollment/

Employers Have Spoken About COVID-19 Vaccination

The news media, employers, the person on the street… just about everyone is talking about the COVID-19 vaccine. With the U.S. death toll approaching 500,000 and with the even more virulent and deadly U.K. variant of COVID-19 starting to spread through the U.S., it’s no wonder. Despite the shaky launch, President Biden has promised 100 million vaccines in the first 100 days of his presidency. While that seems like a lot, it only represents about 15% of the U.S. population. If you have been attentive to news media reports, Dr. Fauci, the …

https://www.epicbrokers.com/insights/employers-have-spoken-about-covid-19-vaccination/

Using Wellness Programs to Manage Conflict

2021 is finally here, but that doesn’t magically reset the events of 2020. We’re continuing to experience an unprecedented combination of changes and emotional fallout from COVID-19, the recent election cycle, and the ongoing social environment. Fuses are running short. Have you noticed you’re quicker to anger or to get annoyed by your coworkers? You are not alone. Viewpoints from Ayana Collins & Claire Letourneau Recognizing how internal and external factors play a role in workplace conflict is key to supporting employees, especially right now. We spend a significant amount of time resolving disputes over how to …

https://www.epicbrokers.com/insights/using-wellness-programs-to-manage-conflict/