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Covering Coronavirus: Risk Considerations Volume 1, Issue 1

EPIC Risk Advisory Bulletin Volume 1, Issue 1 Coronavirus is an important and serious matter, both globally and in the United States. At EPIC, we have assembled a team to provide regular updates containing information and links to resources to help our clients respond to challenges associated with coronavirus. The topics addressed in this publication include: General information about coronavirus Supply chain and business risks Insurance products and coverage information Business continuity, planning, and preparedness Human resource policies and practices Recognizing that conditions will continue to evolve and change, we encourage you to reach out to your EPIC service team …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-1/

Health Hubs Are Here

… competitors. There is no question that consumers will be the ultimate beneficiaries as the hubs will likely provide them with improved experiences. One Medical was a pioneer in the movement to “luxurize” the primary care experience and early indications are that these new entrants are investing heavily in providing an enhanced customer experience. But how this benefits the healthcare economy will ultimately depend on the effectiveness of these hubs to reduce spending by providing single points of care for additional services (preventive, pharmacy, etc.) and driving more efficiencies in the subsequent steerage to lower cost/higher quality specialists and facilities.

https://www.epicbrokers.com/insights/health-hubs-are-here/

EPIC Announces Tim Brenneman as President and National Private Client Practice Leader

EPIC announced today that Tim Brenneman has been named President and National Private Client Practice Leader for its newly reorganized National Private Client Practice team reporting to Executive Chairman and Co-Founder John Hahn. “Tim is a well-known and respected leader in this space having built a formidable Private Client business for Cook Maran and Prime Risk. We are very excited about our strategy to change the game from a legacy transactional play to one of high touch concierge consultative services as well as creative risk management solutions for High Net Worth clients.” The national practice reinforces EPIC’s …

https://www.epicbrokers.com/insights/epic-announces-tim-brenneman-as-president-and-national-private-client-practice-leader/

Compliance Alert: CMS Extends Transition Policy for Non-ACA Compliant Plans

… market reforms that took effect in 2014. BACKGROUND The ACA includes key reforms that created new coverage standards for health insurance policies effective as of 2014. For example, the ACA imposes modified community rating standards and requires individual and small group policies to cover a comprehensive set of essential health benefits. In late 2013, millions of Americans received notices informing them that their plans would be canceled because they did not comply with the ACA’s reforms – contrary to government assurances that if individuals had a plan they liked, they could keep it. Responding to pressure from consumers and Congress …

https://www.epicbrokers.com/insights/cms-extends-transition-policy-for-non-aca-compliant-plans/

EPIC Adds Dan Joyal as a Vice President

Edgewood Healthcare Advisors, a division of EPIC Insurance Brokers and Consultants, announced that Dan Joyal has joined the Boston healthcare team as a Vice President. Joyal has a decade of insurance industry experience with both retail and wholesale brokerages. Prior to joining EPIC, Joyal was with HUB International where he consulted and placed all lines of coverage in their healthcare vertical. His clients included physician groups, allied healthcare facilities, and life sciences organizations. Prior to Hub, Joyal spent five years with CRC Swett & Crawford focused on professional liability, executive liability, and cyber/privacy liability. Joyal earned a Bachelor of Arts …

https://www.epicbrokers.com/insights/epic-adds-dan-joyal-as-a-vice-president/

The Presidential Debates Are Focusing on Healthcare

The Democratic candidate debates have helped move healthcare to the top of voters’ priority lists. 55% of voters like the present healthcare system as opposed to 37% who would like to see it struck down, according to a recent Kaiser Family Foundation survey. This is the highest approval rating since the Affordable Care Act was passed into law. Viewpoints from Craig Hasday This fact will represent a voting obstacle for Bernie Sanders supporters who have made Medicare for All a campaign centerpiece; people like their current healthcare plans. And while 52% of voters support Medicare for All, 66% would favor …

https://www.epicbrokers.com/insights/the-presidential-debates-are-focusing-on-healthcare/

Are We Losing Our Heads When It Comes to Mental Health Coverage?

… professional if they or a family member were experiencing a problem.” The disparity between mental health awareness and procuring care seems to stem not from social attitudes about mental health, but the coverage and cost of care. In this same study, 87% of participants identified a lack of insurance as a barrier to seeking treatment, while another 81% cited cost concerns as a deterrent. Viewpoints from Rachel Gerard Even those who have comprehensive medical coverage often find gaps within their mental health care and limitations to their benefits. Limitations on counseling sessions, psychiatric evaluations and other forms of mental health

https://www.epicbrokers.com/insights/are-we-losing-our-heads-when-it-comes-to-mental-health-coverage/

Coronavirus Alert: What You Should Know

… have included information from several authorities below. First, a message from our leaders: “No doubt the coronavirus has the potential to significantly impact medical and work absence costs. We are incorporating our best advice on risk avoidance and mitigation practices to prepare our clients across the country.” – Craig Hasday, National Employee Benefits Practice Leader “We have already seen an impact on our multinational companies, and there is potential for these effects to be substantial, especially as it relates to the supply chain. It is forcing companies to evaluate not only their short-term operations but their long-term strategic plans …

https://www.epicbrokers.com/insights/coronavirus-alert-what-you-should-know/