Blog/Resources

No Matter the Size of Your Company, the Cadillac Tax Applies to You!

Posted by on Dec 29, 2015 in Blog News | Comments Off on No Matter the Size of Your Company, the Cadillac Tax Applies to You!

“In 2018, the excise tax is anticipated to hit 17 percent of all American businesses, and 38 percent of large employers. Large employers subject to the excise tax in 2018 will pay an average of $1.0 million that year, and an average of $2.1 million per year from 2018 to 2024, or over $2,700 per employee.”    – American Health Policy Institute It not uncommon for small-medium size employers to say the ACA does not apply to them. Many think that the main cause of concern in the ACA is the employer mandate penalty. Employer mandate...

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Why is Benefit Insurance Backed Up this Year?

Posted by on Dec 22, 2015 in Blog News | Comments Off on Why is Benefit Insurance Backed Up this Year?

Why is Benefit Insurance Backed Up this Year?

The final months of the year have always been busy for employee benefits insurance servicing entities, brokers and carriers.  However, the grandfathering, grandmothering, early renewal options, as well as last-minute carrier plan and legislative changes resulting from the ACA, have heavily increased the workload. More employers than ever before are renewing their employee benefits insurance in the same couple months of the year making for a historical 2015.  Employers should be prepared that ID cards and other servicing may be delayed....

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Expensive and Confusing Group Medical Insurance Changes for Companies with 51-100 Group Medical Enrolled Employees

Posted by on Dec 16, 2015 in Blog News | Comments Off on Expensive and Confusing Group Medical Insurance Changes for Companies with 51-100 Group Medical Enrolled Employees

Expensive and Confusing Group Medical Insurance Changes for Companies with 51-100 Group Medical Enrolled Employees

Prior to renewal season 2015, many small-medium size employers weren’t fully aware of the magnitude of the impact that would be caused by the ACA’s ‘small group’ employer definition change from 50 or fewer employees to 100 or fewer employees. Due to the complexity of the law and lack of early carrier data surrounding the changes, many employers were shocked to find high group medical insurance renewal rates with reduced benefits. Although a relatively small number of employers experienced rate reductions, the...

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Brown & Brown Adds Horsepower to Employee Benefits

Posted by on Oct 16, 2015 in Blog News | Comments Off on Brown & Brown Adds Horsepower to Employee Benefits

Brown & Brown Adds Horsepower to Employee Benefits

Nadine Nelson Manning joins as Executive Vice President, Employee Benefits Santa Barbara, CA: Brown & Brown Insurance Services of California, Inc. (Santa Barbara) welcomes Nadine Nelson Manning as Executive Vice President of Employee Benefits. As Brown & Brown continues to expand its presence as an innovative employee benefits consulting and brokerage leader, Nadine brings fresh ideas, tools and competencies to our organization and clients. It is no question that Health Care Reform has had a profound impact on the legislative,...

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Reducing EPLI Claims

Posted by on Dec 29, 2014 in Blog News | Comments Off on Reducing EPLI Claims

Reducing EPLI Claims

Top Employment Practices Liability Claims Did you know that our beautiful state has been ranked second for the state with the most employment practices liability insurance litigation cases? As a business owner, it is imperative that you safeguard your organization from these unfortunately common lawsuits. In doing so, you must understand exactly what your responsibilities are and obtain an employment practices liability insurance policy. Without this essential form of insurance, you leave your entire organization vulnerable to harm. In...

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Remodeling Your Office? Beware of Construction Defects on the Rise

Posted by on Dec 21, 2014 in Blog News | Comments Off on Remodeling Your Office? Beware of Construction Defects on the Rise

Remodeling Your Office? Beware of Construction Defects on the Rise

Construction Defects on the Rise Due to the Improving Economy Unfortunately, technological influence and the instinct move to introduce a lawsuit whenever something goes wrong is causing problems in the construction world. Construction defects are a growing concern on a moving target, and they must be addressed. When you choose to hire a contracting company to conduct renovations on your home or business, you are expecting the project to go smoothly, and for the outcome to live a lifetime. So, what happens when your newly constructed office...

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Post-Tax & Pre-Tax Employer Reimbursement Prohibited

Posted by on Dec 17, 2014 in Blog News | Comments Off on Post-Tax & Pre-Tax Employer Reimbursement Prohibited

Post-Tax & Pre-Tax Employer Reimbursement Prohibited

Agencies Prohibit All Employer Reimbursement of Individual Premiums Implications, rules, and requirements surrounding the Affordable Care Act have gained a reputation of being complex, confusing, and frustrating. Both business owners and individuals are heavily affected by the requirements of the Affordable Care Act, making it imperative that you understand what you are responsible for. Unfortunately, an overwhelming number of business owners were recently surprised with a rude awakening. Now, agencies prohibit all employer reimbursement of...

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Cyber Risks & Complying with HIPAA: What You Need to Know

Posted by on Dec 12, 2014 in Blog News | Comments Off on Cyber Risks & Complying with HIPAA: What You Need to Know

Cyber Risks & Complying with HIPAA: What You Need to Know

Does My Business Need Cyber Liability Insurance? As a business owner labeled as a covered entity through the Health Insurance Profitability and Accountability Act of 1996 (HIPAA), you must comply with both the privacy and security rules. Covered entities under HIPAA include health care providers, health care clearing houses, and health plans. HIPAA was put in place to create a federal standard regarding the privacy of health information and the appropriate way to use and discuss this information. Unfortunately, when it comes to cyber attacks...

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Cyber Attacks & Terrorism Continue to be Most Prevalent Threats

Posted by on Dec 8, 2014 in Blog News | Comments Off on Cyber Attacks & Terrorism Continue to be Most Prevalent Threats

Cyber Attacks & Terrorism Continue to be Most Prevalent Threats

Top Risks Threatening Both the Insurance Industry & National Security When you read the headlines of the newspapers and receive updates about what is going on in the world, chances are, the last thing on your mind is insurance. However, it is important to realize that many of our most trying risks and threats affect the world of insurance, meaning your pockets are affected accordingly. Two of the most prevalent threats that are expected to continue into the following year are cyber attacks and terrorism. Cyber attacks are gaining more and...

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Ebola Risks & Business Health Insurance

Posted by on Dec 3, 2014 in Blog News | Comments Off on Ebola Risks & Business Health Insurance

Ebola Risks & Business Health Insurance

As a Business Owner, Am I Liable for Ebola Risks in Abroad Business Operations? Unfortunately, worries surrounding Ebola risks have not dwindled down, and with the enactment of the Affordable Care Act, many are wondering where Ebola risks leave us with health insurance costs and coverage qualifications. Whether you are thinking about Ebola risks in terms of personal endangerment or by means of threatening your organization as a whole, there are far too many unanswered questions regarding the matter. As a business owner, you have a...

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