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Health Benefits

Distributing Medical Loss Ratio (MLR) Rebates

When employers receive Medical Loss Ratio (MLR) rebates from their insurance carriers, it’s not just a financial credit. It’s a compliance obligation. These funds must be evaluated and distributed in accordance with ERISA and ACA rules, ensuring that any portion attributable to employees is handled properly, documented clearly, and delivered within required timelines. These steps...
Professional Liability

Winding Down with Confidence : Essential Insurance and Risk Management

The following material is provided for informational purposes only. Before taking any action that could have legal or other important consequences, speak with a qualified professional who can provide guidance that considers your unique circumstances. Closing an architectural or engineering practice, or retiring from an ongoing practice, is a milestone marked by both accomplishment and...
Professional Liability

Vicarious Liability & Contract Flow-Down Provisions

The following material is provided for informational purposes only. Before taking any action that could have legal or other important consequences, speak with a qualified professional who can provide guidance that considers your unique circumstances. In the architectural and engineering (A/E) profession, vicarious liability refers to the legal principle under which a firm may be held...
Health Benefits

Staying on Top of Compliance Requirements

This month’s article highlights ACA Reporting Requirements for Forms 1094 and 1095, Employers and Paternity Leave, and state requirements for Short-Term Disability Insurance. ACA Reporting Requirements for Forms 1094 and 1095 ACA reporting involves the submission of Forms 1095 and 1094 by employers to the IRS each year. These forms are crucial for ensuring compliance with the Affordable Care...