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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/

EEOC Proposed Wellness Rules Addressing Permitted Incentive Limits

Quick Facts The proposed ADA rules allow only offer de minimis incentives for participation in most employer-sponsored wellness programs. There is an exception to the incentive limit for health-contingent wellness programs that are part of a group health plan. The proposed GINA rules allow a de minimis incentive in exchange for family members (including spouses) responses to responding to inquiries about their own manifestation of diseases or disorders. The EEOC removed the requirement for participants to be provided with a specific confidentiality notice regarding the collecting of medical information. On January 20, 2021 the Biden Administration withdrew publication …

https://www.epicbrokers.com/insights/eeoc-proposed-wellness-rules-addressing-permitted-incentive-limits/

HHS Proposed Modifications to the HIPAA Privacy Rule

Quick Facts Intent to strengthen an individual’s right under HIPAA to access their own medical records. Implements a new “a good faith belief” standard on the covered entity for uses and disclosures that are in the best interest of the individual. Creates an exception to the minimum necessary rule for disclosures to or requests by a health plan or provider for individual-level care coordination or case management activities that constitute treatment or healthcare operations. Modifies the existing HIPAA Notice of Privacy Practices. Introduction On December 10, 2020, the Department of Health and Human Services (HHS) released a pre …

https://www.epicbrokers.com/insights/hhs-proposed-modifications-to-the-hipaa-privacy-rule/

San Francisco HCSO Top-Off Payments Due February 28, 2021

… City), Is required to obtain a San Francisco business registration certificate, and Is a for-profit business with 20 or more persons performing work at any location, or a non-profit organization with 50 or more persons performing work at any Covered Employees Generally, covered employers must make Expenditures for employees who regularly work at least eight hours per week in San Francisco and have been employed for at least 90 calendar days. Exempt Employees The HCSO exempts: Employees who receive health care benefits through another employer and who have waived employer Expenditures by signing an OLSE Employee Voluntary Waiver

https://www.epicbrokers.com/insights/san-francisco-hcso-top-off-payments-due-february-28-2021/

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/