Tacoma, WA (253) 272-2711

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info@wilsonalbers.com

Medical Loss Ratio Rebates

Medical Loss Ratio Rebates Under the Affordable Care Act The U.S. Department of Health and Human Services (“HHS”) has provided guidance on the Affordable Care Act’s (“ACA’s”) medical loss ratio (“MLR”) rule, which requires health insurers to spend a certain percentage of premium dollars on claims or activities that improve health care quality or provide …

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Alera Group Expands P&C Platform with Alliance Acquisition

DEERFIELD, IL (July 10, 2018) — Alera Group announced it has acquired a controlling interest in The Insurance Alliance of Central Pennsylvania (“The Alliance”), effective July 1. The Alliance provides support to 10 firms in Pennsylvania, including three firms that were previously acquired by Alera Group. In acquiring The Alliance, Alera Group immediately expands its …

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Alera Group Acquires Second Nevada Firm

DEERFIELD, IL (June 25, 2018) — Alera Group, a leading national employee benefits, property and casualty, risk management and wealth management firm, has acquired Menath Insurance. Terms of the transactions were not announced. Menath Insurance, headquartered in Incline Village, Nevada, is a comprehensive insurance firm that has been serving clients in the western United States …

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DOL Releases Final Rule Expanding Association Health Plans

The U.S. Department of Labor (DOL) has issued a final rule expanding the opportunity of unrelated employers of all sizes (but particularly small employers) to offer employment-based health insurance through Association Health Plans (AHPs).  Significantly, the final rule applies “large group” coverage rules under the Affordable Care Act (ACA) to qualifying AHPs.  The final rule …

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Alera Group Expands Southwestern Presence by Adding Nevada Firm

DEERFIELD, IL and LAS VEGAS, NV — Alera Group, a leading national employee benefits, property and casualty, risk management and wealth management firm, has acquired Kaercher Insurance, which includes Kaercher Campbell, Kaercher Insurance Agency and Sundance Insurance. Terms of the transactions were not announced. Kaercher Insurance, based in Las Vegas, Nevada, offers industry-leading employee benefit services, property …

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Legal Alert: IRS Issues Affordability Percentage Adjustment for 2019

In Rev. Proc. 2018-34, the IRS released the inflation adjusted amounts for 2019 relevant to determining whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (“ACA’s”) employer shared responsibility provisions and premium tax credit program.  As shown in the table below, for plan years beginning in 2019, the affordability percentage is 9.86% …

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Joey Mertilch Honored at Leadership Washington Graduation

Joey Mertilch, Business Development Executive at Albers & Company, was recently honored at the fourth annual Leadership Washington graduation.  The intensive, nine-month leadership development program is aimed at cultivating a new generation of state leaders with a deeper understanding of what it takes to help Washington’s economy thrive.  The class studied public policy, international trade, …

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May Review and Regulatory Recap

A Note from Danielle Capilla, Alera Group's Director of Compliance – Employee Benefits The IRS modified its annual limitations on deductions for contributions to health savings accounts (HSAs) for taxpayers with family coverage under a high deductible health plan (HDHP) for the 2018 calendar year. This reverts the limit back to its original level prior …

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IRS Releases 2019 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

In Rev. Proc. 2018-30, the IRS released the inflation adjusted amounts for 2019 relevant to HSAs and high deductible health plans (HDHPs).  The table below summarizes those adjustments and other applicable limits.   2019 2018 Change Annual HSA Contribution Limit (employer and employee) Self-only: $3,500 Family: $7,000 Self-only: $3,450 Family: $6,900* Self-only: +$50 Family: +$100 …

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Legal Alert: Agencies Issue Guidance on Mental Health Parity Issues, Signal Enhanced Enforcement

On April 23, 2018, the Departments of Labor, Treasury, and Health and Human Services released several pieces of guidance on issues arising under the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), including 2017 enforcement actions, guidance on mental health parity implementation, and an action plan for enhanced enforcement in 2018. The guidance …

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