Alera Group News

This alert is of interest to employers that sponsor HSA-qualified plans or plans subject to the ACA out-of-pocket limits.  In Rev. Proc. 2023-23, the IRS released the inflation-adjusted amounts for 2024 relevant to Health Savings Accounts (HSAs) and high deductible health plans (HDHPs).... Find out more »

The United States Department of Labor has released a new, more user-friendly FMLA poster entitled Your Employee Rights Under the Family and Medical Leave Act, which can be accessed here. Employers should replace the prior, April 2016 poster with this new one as soon as possible. The poster... Find out more »

Deerfield, IL (May 10, 2023) — Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and risk management needs of the... Find out more »

​On March 30, 2023, the United States District Court for the Northern District of Texas issued an order in Braidwood Management  Inc. v. Becerra (“Braidwood”), vacating any and all actions taken by the DOL and other federal agencies (in the past and in the future) to implement or... Find out more »

Deerfield, IL (April 13, 2023) — Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of iPros Insurance Professionals, a broker-focused field marketing organization specializing in Medicare Advantage, Medicare Supplements, State-Based... Find out more »

Updated as of April 17, 2023.  On April 10, 2023, the President signed H.J.Res. 7, which ended the COVID-19 national emergency on April 10, 2023, approximately one month earlier than anticipated. However, prior to the passage of H.J. Res. 7, the DOL and other federal agencies issued... Find out more »

Deerfield, IL (April 10, 2023) — Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of Wilson, Washburn & Forster Insurance, a full service property and casualty insurance agency based in Miami, Florida. “For more than 60... Find out more »

On March 3, 2023, federal agencies released revised Prescription Drug Data Collection (RxDC) Reporting Instructions applicable to the 2022 reference year. RxDC reporting for the 2022 reference year is due on or before June 1, 2023.   Background The Consolidated Appropriations Act,... Find out more »

The Consolidated Appropriations Act of 2021 (CAA) requires insurers and employers who sponsor group health plans to submit annual reports on prescription drug use and healthcare spending by June 1. To assist in this process, known as “RxDC reporting,” Alera Group has issued a... Find out more »

When the Consolidated Appropriations Act, 2021 (the “CAA”) was enacted on December 27, 2020, it included a provision that prohibits group health plans and health insurance carriers from entering into certain agreements that, either directly or indirectly, restrict the release of certain... Find out more »