News
One of the best ways to stay ahead of risk? Stay well informed.
News
Answers to Your 5 Most Common Horse Insurance Questions
As I make my way through social media, taking the pulse of horse owners and their thoughts on horse insurance, a common post reads something like, “Hey hive mind – I’m thinking about insuring my new horse. Any thoughts?” Responses range from recommendations to warnings, and there is almost always […]
PCORI Fees Due by July 31st
Employers who sponsor self-insured coverage—including health reimbursement arrangements (HRAs) and certain flexible spending accounts (FSAs)—are responsible for filing and paying the Patient-Centered Outcomes Research Institute (PCORI) fee by July 31st of the calendar year following the end of the applicable plan year. The fee is paid as an excise […]
Health Plans Must Expand Coverage for Breast Cancer Screening for 2026
Effective for plan years beginning after Dec. 30, 2025, group health plans and health insurance issuers must expand their first-dollar coverage for preventive care for women to include additional breast cancer imaging or testing that may be required to complete the initial mammography screening process. In addition, health plans and […]
Federal EEO-1 Data Collection Now Open!
The EEO-1 mandatory data collection online filing system is now open for employers to submit 2024 EEO-1 Component 1 reports. What is the window when I can submit my filing? The submission period runs from May 20, 2025, through June 24, 2025. Who Does This Impact? The EEO-1 […]
IRS Announces 2026 HSA and HRA Limits
The IRS recently released Rev. Proc. 2025-19, announcing the 2026 calendar year dollar limits for health savings account (“HSA”) contributions, the minimum deductible amounts, and maximum out-of-pocket expenses for high deductible health plans (“HDHPs”) and the excepted benefit health reimbursement account (“EBHRA”) limit. By law, these limits are indexed annually […]
Employers Should Start Preparing for 2025 RxDC Reporting
Group health plans and health insurance issuers must submit detailed information on prescription drug and health care spending to the Centers for Medicare & Medicaid Services (CMS) on an annual basis. This reporting is referred to as the “prescription drug data collection” (or “RxDC report”). The next RxDC report is […]
Spring Checklist
Punxsutawney Phil decreed 6 more weeks of winter about 5 weeks ago, so if you haven’t already, it’s time to get ready for spring—and here are some tips and resources to help! Horse Health VaccinesTypical annual care vaccines throughout the US include Rabies, Tetanus, WNV (West Nile Virus) and EEE/VEE […]
NYS Managed Care Organization Tax
The Centers for Medicare and Medicaid Services (CMS) recently approved New York’s Managed Care Organization tax (MCO), effective January 1, 2025. This new tax on health plans, authorized by the NYS 2025 Budget, aims to enhance state Medicaid funding. The tax will apply at varying rates based on plan type […]
Cyber Insurance for the Construction Industry: Why It’s Worth the Investment
In a recent Travelers Insurance Group construction industry survey, participants ranked cyber threats as their top concern for the fourth time in six years. Despite these concerns, contractors still lag behind when it comes to either purchasing Cyber Insurance or being proactive in fighting Cyber incidents. Despite 80% of respondents […]
Changes to ACA Reporting Rules for 2025
This article is of interest to Applicable Large Employers (ALEs) – generally those with 50 or more full-time employees (including full-time equivalent employees). Under the ACA’s employer shared responsibility (“Pay or Play”) provisions, large employers may be subject to a penalty if they do not offer affordable coverage that provides […]
2025 New Year’s Resolution – Get Horse Insurance!
For many of us, 2024 has been a wild ride. So after taking a collective sigh of relief, let’s get started making a plan for 2025! If the last few years have taught us anything, it is to prepare for the unexpected. That being said, no one wants to hang […]
New York Employers Should Prepare for New Labor Laws Starting January 1, 2025
New York employers should begin to prepare for important new labor laws that will take effect on January 1, 2025. Wage and Hour Increases Effective January 1, 2025 New York City, Westchester, and Long Island The general minimum wage rate will increase to $16.50 per hour. Additionally, the minimum salary […]