Understanding Individual Coverage Health Reimbursement Arrangements (ICHRAs)

Understanding Individual Coverage Health Reimbursement Arrangements (ICHRAs)

HRAs reimburse employees for certain medical costs. Depending on the plan, such expenses may include doctor visits, medical procedures and prescriptions. An employee must be enrolled in their employer’s group health plan to qualify for an HRA. ICHRAs are a bit different. These accounts can reimburse employees for certain medical expenses, insurance premiums or both. …

Understanding Individual Coverage Health Reimbursement Arrangements (ICHRAs) Read More »

Ransomware Actors Shifting Away From Big-game Hunting to Smaller Targets: Coveware

Cyber Update – Ransomware Actors Shifting Away From Big-game Hunting to Smaller Targets: Coveware

Ransomware actors shifted to more “mid-game hunting” in the third quarter (Q3) of 2021, resulting in fewer large ransom payments and more lower payments made by middle-market organizations, according to recent data from Coveware, an incident response and ransomware negotiation firm. The average ransom payment amount stayed around the same level between the second quarter …

Cyber Update – Ransomware Actors Shifting Away From Big-game Hunting to Smaller Targets: Coveware Read More »

OSHA Reveals the Top 10 Most Cited Standards for the 2021 Fiscal Year

OSHA Reveals the Top 10 Most Cited Standards for the 2021 Fiscal Year

Using preliminary data, the Occupational Safety and Health Administration (OSHA) recently revealed its top 10 most frequently cited standards in the 2021 fiscal year. This information is valuable for businesses of all kinds as it helps them identify common exposures that affect their workforce and gives them the information they need to plan their compliance …

OSHA Reveals the Top 10 Most Cited Standards for the 2021 Fiscal Year Read More »

How Natural Immunity to COVID-19 Might Factor Into Vaccine Mandates

How Natural Immunity to COVID-19 Might Factor Into Vaccine Mandates

Recently, President Joe Biden announced sweeping COVID-19 vaccination mandates. Federal employees must now be vaccinated as a condition of employment. And, soon, private employers with 100 or more employees will need to implement the same measure or allow weekly negative COVID-19 testing as substitutes for vaccination. Little is currently known about the upcoming emergency temporary …

How Natural Immunity to COVID-19 Might Factor Into Vaccine Mandates Read More »

3 Strategies for Reducing Health Benefits Costs in 2022

3 Strategies for Reducing Health Benefits Costs in 2022

According to a PricewaterhouseCoopers (PwC) report, medical costs are projected to increase 6.5% in 2022. That’s why employers must think strategically but creatively about how they can lower their health benefits expenses. Here are three strategies to help. 1. Control Drug Spending Employers can educate employees on the price differences between name-brand and generic medications. …

3 Strategies for Reducing Health Benefits Costs in 2022 Read More »

U.S. Commercial Premiums Continue to Cool, but Cyber Rates Soar

U.S. Commercial Premiums Continue to Cool, but Cyber Rates Soar

Premiums for commercial property and casualty (P&C) insurance lines once again increased in the second quarter (Q2) of 2021, led by a 25.5% jump in cyber. Q2 marked the 15th consecutive quarter of U.S. commercial P&C premium increases—8.3% across all-sized accounts, according to The Council of Insurance Agents and Brokers (CIAB) Commercial Property/Casualty Market Index. …

U.S. Commercial Premiums Continue to Cool, but Cyber Rates Soar Read More »