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Covering Coronavirus: Risk Considerations Volume 1, Issue 2

EPIC Risk Advisory Bulletin Volume 1, Issue 2 Coronavirus continues to spread, leaving ramifications in its wake. This week, we’re taking a more focused look at two areas of business operations that will continue to be heavily impacted by coronavirus: Business Continuity Supply Chain Disruption The information below is intended to provide a high level overview of critical areas of concern for businesses around coronavirus. Consult your EPIC insurance broker for more in-depth guidance. Business Continuity, Planning and Preparedness As was mentioned in last week’s issue, the purpose of a Business Continuity Plan (BCP) is to provide …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-2/

Coronavirus Is a Major Challenge to Employers and Human Resource Professionals

… departments with new issues, and public policy will further complicate matters for employers. Short-term disability contracts provide income replacement to workers who are unable to work due to illness or injury, and these would apply should an employee contract the disease. But what should an employer do if the employee is unable to work due to quarantine from exposure to illness, and for how long? One major insurance company posed just that question to its self-insured clients: if absence from work is due to disease spread prevention, would the employer authorize short-term disability benefits even if the …

https://www.epicbrokers.com/insights/coronavirus-is-a-major-challenge-to-employers-and-human-resource-professionals/

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/