Bagwell & Bagwell Insurance Joins Alera Group

October 22, 2021
Alera Group, a top independent, national insurance and wealth management firm, today announced it has acquired Bagwell & Bagwell Insurance, a leading property and casualty agency providing risk management and personal and commercial insurance to clients from the coast to the mountains of North... Find out more »

Alera Group Names Kathy Seabold as Senior Vice President of Marketing

October 18, 2021
Deerfield, IL., October 11, 2021 — Alera Group, a leading independent, national insurance and wealth management firm, today announced the appointment of Kathy Seabold as Senior Vice President of Marketing. In this new role reporting to Alera Group President, Jim Blue, Seabold will be... Find out more »

Legal Alert: Employee Benefit Nondiscrimination Basics

September 28, 2021
There are four main regulations that employers should consider when they are ensuring their employee benefit plans are not discriminatory in design, participation, or in operation. Regulation: HIPAA General Rule: Prohibits group health plans and health insurers from discriminating... Find out more »

Legal Alert: Drug Discount Programs in Conflict with Federal Regulations

September 27, 2021  Many prescription drug manufacturers offer financial assistance (e.g., coupons, discounts, or vouchers) to patients to reduce their out-of-pocket costs, particularly for very expensive drugs. Many times, these “accumulator programs” exclude the value of such... Find out more »

Legal Alert: How Do Your Benefits Compare? An IL Employer’s Essential Responsibility – Providing Employees a  Comparison of Essential Health Benefits

Any employer with Illinois employees, including those who are self-funded, should be aware of this new requirement that went into effect when Governor Pritzker signed the law on August 27, 2021. On August 27, 2021, Illinois Governor J.B. Pritzker signed the Consumer Coverage Disclosure Act (SB... Find out more »

IRS Issues Affordability Percentage Adjustment for 2022

September 20, 2021
The Internal Revenue Service (IRS) has released Rev. Proc. 2021-36, which contains the inflation-adjusted amounts for 2022 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared responsibility... Find out more »

Alera Group Expands in California with Newest Acquisition, The Brokerage Commercial Insurance Services, Inc.

September 17, 2021
Alera Group, a top independent, national insurance and wealth management firm, announced today the acquisition of The Brokerage Commercial Insurance Services, Inc., a leading commercial insurance brokerage firm specializing in general liability, property, commercial automobile and workers... Find out more »

Legal Alert: September Deadlines for COBRA and 5500 Reporting

September 15, 2021
September 2021 is a busy month for compliance. Plan sponsors have obligations to meet this month, but we will focus on two in this quick alert. COBRA Subsidy Expiration Notice and Summary Annual Report  Due September 15, 2021 The COBRA subsidy expiration notice must be distributed no... Find out more »

Alera Group Acquires Fendley Benefits

Alera Group, a top independent, national insurance and wealth management firm, announced today the acquisition of Fendley Benefits, an employee benefits firm that focuses on cost management, compliance, HR support, technology and employee advocacy. “Fendley Benefits is a boutique... Find out more »

President Orders OSHA To Develop Mandatory Vaccine Requirement for Large Employers

September 14, 2021
On September 9, 2021, President Biden announced that he ordered OSHA to develop emergency temporary standards (ETSs) that would require employers with 100 or more employees to mandate that employees either receive one of the three available COVID-19 vaccines or submit to at least weekly COVID-19... Find out more »