Wealth Services
Weekly Market Update
Stocks fell last week as soft economic data rattled investors focused on the Fed’s next move with interest rates.
September 9, 2024
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AREAS OF EXPERTISE
Employee Benefits
Preparing for 2025: Creditable Coverage, Enrolling in Medicare and HSA Contributions
With significant changes coming in 2025 to creditable coverage determinations, employers and employees may have questions on what that means for them, whether they make the decision to enroll in Medicare Part D or continue to have coverage under their group health plan.
September 5, 2024
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Employee Benefits
Webinar: Better Benefits Administration and Lower Costs
If you don’t have expert assistance to guide you and your organization in the in using a sophisticated benefits portal, you’re wasting a lot of the money your business has invested — and probably frustrating the employees you mean to serve. Working with a brokerage that offers not only a leading-edge benefits portal but also year-round support and services enables your employees to seamlessly access, understand and navigate the portal, creating a positive benefits experience.
September 5, 2024
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Medicare Part D Creditability Determinations for Non-Calendar Year Plans
In 2003, the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) added a voluntary prescription drug benefit to the Medicare program. The benefit, known as Medicare Part D or “Part D,” is an optional program for Medicare beneficiaries to access covered prescription drugs at a lower cost. In 2022, the Inflation Reduction Act (IRA) was signed and set into motion changes to Part D benefits, with additional impact on employers in 2024 and 2025.
September 5, 2024
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Workers’ Compensation: Stable market with emerging challenges from mental health claims
Despite pressure from medical inflation, increases in fee schedules on medical procedures and wage inflation affecting premiums and benefits, Workers’ Compensation remains a stable and profitable line for insurers. This stability allows buyers favorable conditions, such as ample capacity and stable rates. However, a new trend is emerging: the inclusion of mental health claims as compensable workers’ compensation.
August 28, 2024
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Property and Casualty
Relief from the high cost of wind/hail insurance
Commercial real estate (CRE) owners must ensure they are adequately covered, but many face high wind/hail deductibles when renewing their Property Insurance policies. This is where Wind/Hail Deductible Buyback insurance policies come in, providing a solution that meets lender requirements and offers peace of mind during turbulent times.
August 22, 2024
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The Arrival of TDFs with Annuities
Target Date Funds (TDFs) with annuities combine growth with guaranteed income, offering financial security for retirees. While challenges like portability and fees exist, this new approach is gaining traction among major retirement plan providers.
August 20, 2024
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Wealth Services
Weekly Market Update
Stocks posted solid gains last week, buoyed by robust economic data and constructive comments from Fed officials.
August 19, 2024
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Six Types of Insurance Your College Student May Need
Ensure your college student is protected with the right insurance coverage. Explore six types of insurance to consider, from health and car insurance to identity theft protection, as your teen heads off to college.
August 16, 2024
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