On July 24, 2020, President Trump issued several Executive Orders intending to lower prescription drug costs by (1) modifying anti-kickback laws to lower drug prices, (2) reducing trade barriers to... Read more »
As we recently reported, on June 8, 2020, the IRS released the applicable PCORI fee for plan years ending between October 1, 2019 and September 30, 2020. As we indicated in that alert, an... Read more »
One-Third of All Employers Furloughed Employees Yet Nearly 85% Plan to Bring Back Workers
Alera Group, a national employee benefits, property and casualty, retirement services and wealth... Read more »
Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2020 deadline for paying fees that fund the... Read more »
In Rev. Proc. 2020-32, the IRS released the inflation adjusted amounts for 2020 relevant to HSAs and high deductible health plans (HDHPs). The table below summarizes those adjustments and other... Read more »
Due to COVID-19 and state and local stay-at-home orders, utilization of group medical and dental insurance benefits is down. As a result, some carriers recently notified employers that they... Read more »
As the country continues to feel the impact of the COVID-19 National Emergency declared by President Trump on March 13, 2020, the IRS has provided some much-needed guidance and relief for... Read more »
During this pandemic, many employers are having to curtail operations and are going through the difficult process of finding cost-saving measures because of the sudden reduction in revenue caused by... Read more »
April 28, 2020 NYS DOL sent out an email reminding employers of their responsibilities related to the unemployment insurance benefits application. All NY employers are required to provide certain... Read more »
The material contained in this web site is provided solely for informational purposes. Nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind. This is not, and should not be construed as an offer or solicitation to sell any product or any other insurance related instrument or solicitation to conduct insurance business in any jurisdiction. Information and services on this site shall not be deemed to constitute advice for insurance or benefit purposes.
The information and descriptions contained in this site are intended as general information and are not necessarily complete descriptions of all terms, exclusions and conditions applicable to the products and services offered by Austin & Co., Inc. For complete details and important exclusions, please refer to policy documentation. It is also not to be deemed the rendering of legal or insurance advice. If legal advice is sought, contact an attorney. Please do not send Austin & Co., Inc. information that you consider confidential. Information that is transmitted by e-mail over the Internet is not secure and can be intercepted and read by other Internet users. Additionally, Austin & Co., Inc. will not use e-mail to transmit responses that contain private or confidential data on an individual. No coverage can be bound or altered nor can any claim be reported via this website, e-mail, social media or voicemail.
Despite the efforts of Austin & Co., Inc. to provide accurate information, it is not possible to completely ensure that all information is constantly correct. The information on this website is not guaranteed to be correct, complete or up-to-date. Austin & Co., Inc. assumes no responsibility for errors or emissions in the materials on this web site. This web site may contain links to websites not maintained by Austin & Co., Inc. Any links to non-Austin & Co., Inc. sites are provided as a courtesy. Austin & Co., Inc. is not responsible for the contents of any linked site or any link contained in a linked site, nor does inclusion of a link in this web site imply recommendation, approval or endorsement of the site by Austin & Co., Inc. No materials on this site may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way without the prior written permission.
Please contact us if you have any questions about the terms under which this site is operated, or call us with any questions.