COVID-19 Vaccines & More: Practical Guidance for Employers

Stimulus Package and COVID Vaccine Webinar for Employers

NEW WEBINAR Monday, January 25  |  1:00 – 2:00 pm CST

Employers everywhere are looking for guidance on COVID-19 vaccines, regulations, and safe and effective work practices. Join Alera Group experts for a webinar to help shape your strategy and apply practical tactics. In the webinar, you’ll learn about:

⋅ Incorporating updated FFCRA and other regulations into your policies and practices
⋅ Considerations for developing your policies regarding vaccinations
⋅ Adapting your short and long-term remote and on-site workforce strategies

The last portion of the webinar will be devoted to a panel discussion. You can ask questions of the panel of Alera HR experts and leaders of mid- and large-sized companies who are managing COVID on the front lines across multiple industries and states.

CLICK HERE TO REGISTER for the webinar on Monday, January 25, 1:00 – 2:00pm CST.

Overview of ACA Reporting Requirements Webinar

New Webinar

NEW WEBINAR: Wednesday, January 13 | 11:00am – 12:00pm CST

This webinar provides an overview of 2020 ACA reporting requirements that are applicable for both large employers and self-insured plans. We will review the various reporting forms (1094-B, 1095-B, 1094-C, and 1095-C), indicator codes and affordability safe harbors. Other topics covered in this webinar include how to report for waiting periods / initial measurement periods, COBRA participants and post-employment coverage, and how to correct reporting mistakes. We will also address common questions and provide best practices.

Key takeaways include:

  1. How to complete the reporting forms for the calendar year 2020 reporting;
  2. Which indicator codes and safe harbors apply to various employment situations (e.g., waiting periods, changes in cost, changes in employment status);
  3. How to address other situations, such as opt-out payments, union employees, conditional offers of coverage to spouses, and ICHRAs

CLICK HERE TO REGISTER for this complimentary webinar on Wednesday, January 13th at 11:00am CST.

Alera Group’s Employer’s Guide to the Relief Bill Overview and the COVID-19 Vaccine

Stimulus Package and COVID Vaccine Webinar for Employers

NEW WEBINAR – January 12 | 2:30 – 3:30pm CST

Join industry experts to discuss the recent passing of the second COVID-19-related stimulus package as part of the Consolidated Appropriations Act, 2021, and how employers should prepare for the mass distribution of the COVID-19 vaccine.

CLICK HERE TO REGISTER for this complimentary webinar on Tuesday, January 12th at 230p CST.

For more information, read the legal alert here.

CostWatch Newsletter For Fourth Quarter

CostWatch Newsletter

The CostWatch provides areas of cost savings specifically related to business insurance. In this issue, we answer your questions regarding what happens after the audit process is complete. We also examine how an incorrectly inflated MOD can cost a buisness more than just higher premiums.

Click here to read the latest issue!

Interested in putting AuditRate to work for you? Contact John Przybylski to learn more, JPrzybylski@AuditRate.com.

November Benefits Focus

Benefits Focus

Click here to access the November Benefits Focus newsletter. This issue includes articles about 2021 FSA limits, Pfizer’s COVID-19 vaccine, Diabetes Awareness Month and COVID-19 vs the flu vs common cold symptoms.

Our Employee Benefits Team is your resource to answer questions about your coverage or provide more guidance pertaining to the articles in this newsletter, EBTeam@AlperServices.com.

Insights Into the Current State of the Trade Credit Insurance Market

Trade Credit Insurance Market Update

Gary Kirshenbaum is the Director of Alper’s Global Trade Risk Management division

Many business owners and CFO’s are asking, “Why am I paying for a Trade Credit Insurance policy with coverage being reduced or cancelled?”

Because I’ve had this conversation with so many Clients since the start of the pandemic, here are my personal observations as well as what I’m hearing and reading from field experts regarding the current state and forecasts for Trade Credit Insurance and corporate credit globally.

  • If a company has invested in Trade Credit Insurance, now is not the time to go without coverage on receivables. The next 12-18 months will be tough for many companies/industries.
  • Trade Credit Insurance has become more expensive and policies with losses will see larger deductibles
    • Client’s who have renewed with me in the past several months have seen increases of 20-30%.
    • Coverage is tougher to secure, and more information is needed to do so.
    • This is happening globally! Companies in every industry with all carriers are experiencing these increases and complications.
    • We saw Trade Credit Insurance premiums increase and policy structure and coverage change due to the great financial crisis of 2008-2009. It started to roll back in 2011-2012. We expect this cycle to repeat itself here with a rollback sometime in 2022-2023.

 

  • As Clients see coverages reduced or cancelled, they should heed feedback from the insurance companies.
    • It is very possible your Clients’ customers may have a deteriorating credit profile.
    • The pandemic has caused dramatic, negative changes to certain industries. A lack of transparency means insurance companies may reduce coverage if the Insured does business in these distressed industries. The carriers are doing this in some cases to facilitate getting information about the customers for better transparency. While this may seem like a hassle, it’s truly a benefit to the Insured.
    • The moral of the story is Clients should be less resistant to asking their customers to send financial information to the insurers (under NDA’s). You can confidently assure them this has become more of a standard than ever before. I’m seeing companies who would resist sending info to the carriers now doing so without hesitation.

If you have questions about the information provided or Trade Credit Insurance in general, please reach out to Gary Kirshenbaum at GKirshenbaum@AlperServices.com or 312-867-7306.

October Benefits Focus

Benefits Focus

Click here to access the October issue of our Benefits Focus newsletter. This month we review the newly updated COVID-19 FAQs that the EEOC rolled out as well as considerations that employers should take if they decide to mandate the COVID-19 vaccination in their workplace.

We also provide a reminder about Medicare Part D notices and our legal update offers the possible scenarios of a new Supreme Court Justice’s impact on future Affordable Care Act(ACA) litigation.

Our Employee Benefits Team is your resource to answer questions about your coverage or provide more guidance pertaining to the articles in this newsletter, EBTeam@AlperServices.com.