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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

White House Cancels $1.2 Billion in Student Debt for More Than 150,000 Borrowers

White House Cancels $1.2 Billion in Student Debt for More Than 150,000 Borrowers

March 17, 2024
On Feb. 21, 2024, President Joe Biden approved $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in Saving on a Valuable Education (SAVE) repayment plans, lowering their financial burden. Originally planned for July, this approval relieves borrowers almost six months early. The SAVE plan is an income-driven repayment plan that bases…
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Facts About the Flu

Facts About the Flu

December 5, 2022
Most people experience several bouts of influenza—also known as the seasonal flu—throughout their lifetime. According to the Centers for Disease Control and Prevention (CDC), even otherwise healthy people can get sick enough to require hospitalization from the flu. Seasonal Flu 101 The flu is an infection of the respiratory tract that is caused by the…
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Biden Administration Extends Student Loan Repayment Freeze

Biden Administration Extends Student Loan Repayment Freeze

November 30, 2022
On Nov. 22, 2022, the Biden administration announced it would extend the repayment freeze on federal student loans while its debt relief plan remains blocked in the courts. The loan payment pause is now extended until after June or when the administration is able to move forward with its plan. Federal student loan payments were…
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Employee Guide to Health Plans - Featured

Employee Guide to Health Plans [Infographic]

September 24, 2022
You have many choices when it comes to selecting a health insurance plan, which can make the process feel overwhelming. Keep reading to explore some of the major health plans and their key characteristics. Points of Differentiation Between Health Plans Whether you're required to have a primary care provider (PCP) Whether you're required to obtain…
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DOE Provides More Information on Student Loan Forgiveness Plan, Issues FAQ

DOE Provides More Information on Student Loan Forgiveness Plan, Issues FAQ

September 11, 2022
On Aug. 24, 2022, the Biden-Harris administration announced a student debt relief plan that provides a one-time student loan debt cancellation targeted at low- and middle-income families. The U.S. Department of Education (DOE) will provide up to $10,000 in debt relief for non-Pell Grant recipients and up to $20,000 for Pell Grant recipients, according to…
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FDA Authorizes COVID-19 Boosters Targeting Omicron Variants

FDA Authorizes COVID-19 Boosters Targeting Omicron Variants

September 6, 2022
On Aug. 31, 2022, the Food and Drug Administration (FDA) authorized updated COVID-19 booster shots from Moderna and Pfizer-BioNTech that target the dominant BA.4 and highly contagious BA.5 coronavirus Omicron subvariants. Both modified vaccines still target the original coronavirus strain. The FDA authorized the Pfizer-BioNTech modified booster for people age 12 and older and the…
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Senate Passes the Inflation Reduction Act

Senate Passes the Inflation Reduction Act

August 9, 2022
The U.S. Senate recently passed the Inflation Reduction Act, which includes provisions aimed at addressing climate change, reducing the high costs of prescription drugs and lowering the deficit by approximately $300 billion. The $750 billion spending bill passed through the budget reconciliation process, meaning all 50 Democrats and one tie-breaker vote from Vice President Kamala…
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SMART New Year’s Resolutions

SMART New Year’s Resolutions

December 28, 2021
The new year is here, which means millions of Americans are making their yearly resolutions. Making resolutions each year is easy, but sticking to them can be stressful. You’re not alone if you feel like your resolution fails a few months into the year. Making and keeping resolutions doesn’t have to feel near impossible, especially…
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President Biden Plan to Combat COVID-19 in Winter Months

President Biden Plan to Combat COVID-19 in Winter Months

December 9, 2021
On Thursday, Dec. 2, 2021, President Joe Biden spoke at a press conference where he outlined a multiprong approach to combat COVID-19 this winter. The plan is described as having the following goals: Drafting a rule that requires private insurers to reimburse the costs of at-home COVID-19 tests Getting the approximately 43 million vaccine holdouts…
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10 Fall Home Maintenance

10 Fall Home Maintenance Tips [Infographic]

October 7, 2021
Fall signals cooler weather, and the pleasant temperatures let you comfortably do necessary home maintenance before winter arrives. By taking the time to maintain your home each season, you can keep common household problems at bay. Clean Gutters and Downspouts. Clear leaves and debris from gutters and downspouts to prevent flooding and freezing around your…
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