Kapnick Insurance Group, Author at Kapnick Insurance Group

Jul 31

MIOSHA to Conduct Inspections for COVID-19 Compliance

By Kapnick Insurance Group Coronavirus

To protect employees, customers and communities from the spread of the COVID-19 virus, the Michigan Occupational Safety and Health Administration (MIOSHA) launched a State Emphasis Program (SEP). This new initiative is aimed at helping businesses educate employees and customers on best practices (more…)

Jun 25

Legislative Update: PCORI Fees Due July 31

By Kapnick Insurance Group Legislative Updates

Quick Facts: The Affordable Care Act (ACA) requires health insurance issuers and employers that sponsor self‐insured health plans to pay Patient‐Centered Outcomes Research Institute fees (PCORI fees). Though the PCORI fee was scheduled to expire for plan years ending on or after October 1, 2019, it was extended to plan years ending on or before September (more…)

Jun 10

Claim Stories: Fire From Overloaded Outlet

By Kapnick Insurance Group Claim Stories

Accidents can happen at home and at work, even while doing mundane tasks, but taking steps to ensure you’re following the proper guidelines and safety measures is the first step toward preventing loss. Here we have one of our claim stories in which a fire from an overloaded outlet caused major building damage. (more…)

Jun 05

No-Fault Reform Update: How Benefits Are Prioritized

By Kapnick Insurance Group Auto Reform

Keeping up with the most current information surrounding the No-Fault Reform can be challenging. Today we will cover exactly how benefits are prioritized in this update. What is Changing? PIP – Personal Injury Protection (PIP) will be transitioning to tiered levels of coverage. Drivers will have the ability to choose from various tiers that best fit their individual needs. These offerings include: (more…)

Jun 03

Legislative Update: COVID-19 Related Relief for Section 125 Cafeteria Plans

By Kapnick Insurance Group Coronavirus, Legislative Updates

Quick Facts: On May 12, 2020, the Internal Revenue Service (“IRS”) released Notices 2020-29 and 2020-33, collectively providing guidance related to cafeteria plan elections, health flexible spending accounts (“Health FSAs”), and dependent care assistance programs (“DCAPs”). (more…)

May 27

No-Fault Reform Update: Healthcare vs Auto Insurance Coverage for Accidents

By Kapnick Insurance Group Auto Reform

With the new no-fault auto reform, drivers will need to understand the difference between how their health insurance vs. auto insurance covers medical expenses in case of an injury during an accident. In this article we'll explain those differences and also take an in-depth (more…)

May 26

Legislative Update: National Emergency Extended Several Time Frames

By Kapnick Insurance Group Coronavirus, Legislative Updates

Quick Facts: The Department of Labor (DOL) and the Department of Treasury (IRS) jointly issued a final rule extending several specific notice time frames applicable under HIPAA, COBRA, and ERISA. The rule also extends the time frames for COBRA elections, (more…)

May 04

Return to work roadmap and resource guide: COVID-19

By Kapnick Insurance Group Coronavirus, COVID-19-Return to Work

Employers face unprecedented new challenges and considerations in returning to work while COVID-19 remains a health threat. Below is a compilation of guidance from multiple resources directing employers how to safely open the work place back up while keeping (more…)

Apr 30

Changes to FSA and HSA Usage Under CARES Act

By Kapnick Insurance Group Coronavirus

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides assistance for individuals and businesses negatively impacted by the COVID-19 pandemic. Part of the CARES Act covers changes to FSA and HSA usage: (more…)

Apr 29

Potential Pitfalls of Blanket Reporting of Notice of Circumstances

By Kapnick Insurance Group Coronavirus, Specialty Risk

There is a common misconception that there is no downside for reporting a circumstance which might become a future claim for D&O, E&O, Employment Practices, Fiduciary and Cyber liability policies. However, coverage issues could arise from doing so. (more…)

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