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Flight to Quality

… law would be beneficial for the country (hint: it varied based upon your economic and employment position), as a young actuarial healthcare consultant, I was looking at the 30-year+ career ahead of me and wondering if this would change everything – perhaps jeopardizing my livelihood should employers mass exit the private health insurance markets. In reality, just the opposite took hold. The confusion and complexity that overcame the market created the greatest opportunity for healthcare consultants since the HMO wave of the mid-90s. Employers were desperate to receive honest, unbiased analyses of pay-or-play cost modeling. Not to …

https://www.epicbrokers.com/insights/flight-to-quality/

Covering Coronavirus: Risk Considerations Volume 1, Issue 10

… (Families First Coronavirus Response Act), lawsuits from employees alleging employers have violated the provisions of that Act are beginning to emerge. In a recent example of a developing case, Jones v. Eastern Airlines, an employee alleges that her supervisor became hostile when she requested two hours of paid time off per day to care for her son, an allowance that is provided through the FFCRA. Instead of receiving the time off, the employee was fired. The FFCRA mandates that private employers with less than 500 employees as well as public sector employers, provide time off to workers who are …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-10/

What is Social Engineering Fraud?

What is Social Engineering Fraud? Social engineering most commonly occurs when hackers manipulate employees into disclosing private information which leads to them voluntarily parting with company or client funds money or products. Hackers take advantage of human nature to exploit a target company through its employees. Social Engineering usually involves an email or other type of communication that induces a sense of urgency in the victim, which leads the victim to promptly comply. By educating staff to be alert to these tactics, companies can reduce the risk of falling prey to such schemes. SOCIAL ENGINEERING FRAUD TECHNIQUES Pretexting: Hacker impersonates …

https://www.epicbrokers.com/insights/what-is-social-engineering-fraud/

Covering Coronavirus: Risk Considerations Volume 1, Issue 4

… U.S. health insurer loss ratios and found 2020 medical loss ratios would increase by an estimated 3.5%, from 85% to 88.5%, in a moderate scenario and an estimated 11% up to 96% in a severe scenario. While the study was of 170 million fully-insured populations with private insurance, it offers a potentially helpful guide for self-insurers trying to gauge the potential impact of coronavirus on their plans. That said, at this time the coronavirus is not anticipated to have a dramatic effect on the self-funded employer health plan costs of EPIC clients. The reasons …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-4/

Don’t Let Out-of-Network Balance Billing Happen to Your Team

… to use an out-of-network facility. The dialysis company’s justification for these ludicrously high charges was that the private health insurance market subsidizes the lack of money they make off of negotiated Medicare rates and the uninsured, which often pay significantly less than the cost of services. Subsequently, private health plan participants who go out-of-network can be subject to a nasty balance-billing surprise, and while some states have protections in place against surprise balance billing, these are limited by federal law. Most of our clients don’t have an issue finding in-network care but …

https://www.epicbrokers.com/insights/dont-let-out-of-network-balance-billing-happen-to-your-team/

EPIC Adds Todd Randolph in Atlanta

… spent the last eight years of his career. As a VP and Employee Benefits Consultant at USI, he was known for implementing value-based benefit programs and specializing in advanced design and funding approaches for group medical (all ancillary lines) – including the appropriate uses of captives, self-funding, HRA/HSAs, private exchanges, and traditional, fully-insured programs. “We are thrilled to continue the growth of our Employee Benefit operations,” said EPIC’s Ed Oravetz. “Todd is a well-respected, highly strategic, and consultative employee benefits professional who will deliver great value to our clients and to other EPIC team members …

https://www.epicbrokers.com/insights/epic-adds-todd-randolph-in-atlanta/

Cosmetics

… a managing general agent and an experienced industry advocate/broker produces favorable outcomes for our clients, including the broadest and most competitive insurance products available at lower premium costs. With the greater purchasing power produced by our market presence and our strong, positive reputation, we are able to offer CIS clients significant advantages and greater value. Read Our Articles Social Media Marketing Are You Following Copyright Law? (PDF) Our Clients Cosmetic Insurance Services (CIS) serves over 1,500 clients in a wide range of industry segments, including contract manufacturing and or packaging; private label or wholesale distribution; raw materials and …

https://www.epicbrokers.com/programs/cosmetics/

EPIC’s Kamran Khaliq Recognized as “Young Gun” 2019 By Insurance Business America

… Brunswick, where he earned a Bachelor’s Degree, Cum Laude, with a Double Major in Economics and Political Science and a Minor in Sociology. Said Marc Kunney, President, Risk Management for EPIC Insurance Brokers and Consultants, “Kamran has been an absolute standout since joining our firm in 2017 and we are both pleased and proud to see him recognized by IBA in this way.  His expertise and passion for our business are motivating to all he works with, other EPIC team members and our clients, alike.” Our Leaders Kamran Khaliq Vice President, Private Equity and M&A – New York, NY

https://www.epicbrokers.com/insights/epics-kamran-khaliq-recognized-as-young-gun-2019-by-insurance-business-america/