Employee HSA Rollovers and Transfers

Question:  What are the rules governing employee HSA rollovers and transfers? Short Answer:  Within the restrictions imposed by the IRS (which depend on whether the distribution is a rollover or a transfer), employees can freely move their HSA assets to a new custodian at any time and for any reason. General Rule: HSA Rollovers and […]

State of the Market: Reflecting on 2019 and Looking Ahead in 2020

The insurance market typically fluctuates between a hard and soft market over time. Currently, we’re seeing signs that the market is hardening across all commercial lines of business, with the exception of workers’ compensation, which means insurance rates are generally increasing while capacity is decreasing. The ABD Property & Casualty team is committed to keeping […]

COVID-19 Alert: Protecting your company

Information continues to evolve regarding how the COVID-19 virus is spread. The Centers for Disease Control and Prevention (CDC) is working closely with the Department of Health and Human Services (DHHS) regarding public communication and guidance. The information provided below will help you understand how insurance might respond to losses related to COVID-19. We have […]

Registered Domestic Partners and Company-Defined Domestic Partners

Question:  What are the differences between a Registered Domestic Partner and a company-defined domestic partner for health plan purposes? Short Answer:  Employers with a fully insured plan in California must offer coverage to Registered Domestic Partners on the same terms as spouses, but many employers choose to also offer coverage more broadly to company-defined domestic […]

A Risk Manager’s Role in Reps & Warranties Insurance

Because strategic acquirers are beginning to use Reps and Warranties insurance with more frequency, risk managers are taking on an emerging role in the M&A process. This article is intended to address common questions from risk managers about R&W insurance, negotiation point, and coverage nuances.   Question: Why are my deal teams now using Reps […]

ACA Essential Health Benefits

Question:  How do the ACA essential health benefits rules apply to employer-sponsored group health plans? Short Answer:  Most employer-sponsored group health plans are not required to offer essential health benefits, but all plans cannot impose a lifetime or annual dollar limit on any covered essential health benefit. Essential Health Benefits Defined The ACA broadly defines […]

Cafeteria Plan Nondiscrimination Tests

Question: What are the cafeteria plan nondiscrimination tests, and what is the definition of highly compensated for each? Short Answer:  Each component of the cafeteria plan has a different set of nondiscrimination tests and the definition of highly compensated. Cafeteria Plan Nondiscrimination Testing (§125) a) Nondiscrimination Test Components Eligibility Test Contributions and Benefits Test Key […]