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

The Lingering Impact of Long COVID-19 on Employees and Workplaces

The Lingering Impact of Long COVID-19 on Employees and Workplaces

October 4, 2022
Unfortunately, some people who test positive for COVID-19 can experience long-term effects from their infection, known as “long COVID-19.” The effects of long COVID-19 can vary; individuals may experience mild symptoms or suffer near-debilitating health concerns. Long COVID-19 has impacted both employees and their employers. Specifically, some employees have not been able to work at…
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FMCSA Considering Equipping Interstate CMVs With Electronic ID Technology (1)

FMCSA Considering Equipping Interstate CMVs With Electronic ID Technology

September 28, 2022
On Sept. 23, 2022, the FMCSA published an advance notice of proposed rulemaking (ANPRM) and requested comments on whether it should amend the Federal Motor Carrier Safety Regulations (FMCSRs) to require every commercial motor vehicle (CMV) operating in interstate commerce to be equipped with electronic identification (ID). This electronic ID would be capable of wirelessly…
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Medicare Part D Notices Due Before Oct-15-2022a

Medicare Part D Notices Due Before Oct. 15, 2022

September 24, 2022
Each year, Medicare Part D requires group health plan sponsors to disclose whether the health plan’s prescription drug coverage is creditable to individuals eligible for Medicare Part D and the Centers for Medicare and Medicaid Services (CMS).  Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2022—the start date of…
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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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Inflation’s Impact on 2023 Open Enrollment

Inflation’s Impact on 2023 Open Enrollment

September 20, 2022
Many employees are currently feeling financially strained because of inflation. With open enrollment fast approaching, inflation could impact the choices employees make when it comes to their benefits. Employees are likely considering which benefits matter the most and how to optimize the money they spend on those offerings. As a result, this year’s open enrollment…
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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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Preventing Repetitive Motion Injuries

Preventing Repetitive Motion Injuries

August 31, 2022
While repetitive motion injuries (RMIs) are common among athletes, these injuries can occur in the workplace. Also known as repetitive stress injuries or cumulative trauma disorders, RMIs impact a broad range of occupations, including jobs that require heavy lifting and stationary office roles. RMIs occur when continuous physical stress from daily tasks damages nerves, tendons…
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Expanding the Talent Pool With University and College Recruitment Strategies

Expanding the Talent Pool With University and College Recruitment Strategies

August 28, 2022
A common misstep in attracting or recruiting talent is setting narrow restrictions on who to interview or where talent is sourced. Often, highly talented job candidates are overlooked due to inexperience. Employers have an opportunity to expand their recruiting reach by pursuing entry-level candidates at universities, colleges and trade schools, but it comes down to…
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Final Rule Implements Ban on Surprise Medical Billing

Final Rule Implements Ban on Surprise Medical Billing

August 28, 2022
On Aug. 19, 2022, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) jointly released a final rule implementing the ban on surprise medical billing under the No Surprises Act (NSA), which was enacted as part of the Consolidated Appropriations Act, 2021 (CAA). This rule finalizes two interim final rules…
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