Straight From The Source Blog by Higginbotham Insurance

Holiday home fire prevention tips

November 21 , 2017

holiday home fire prevention

There’s nothing like a crackling fire to keep you warm during the holidays – as long as that fire stays in the fireplace. In 2016, a home fire was reported to a U.S. fire department every 90 seconds, according to the National Fire Protection Association. The holiday season can bring extra fire risks.

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Tags: Home & Auto

Common commercial vehicle accidents and how to prevent them

November 17 , 2017

Preventing commercial vehicle accidents

If your workers use vehicles for business purposes, the risk of a commercial vehicle accident is real. According to the Federal Motor Carrier Safety Administration (FMCSA), 4,311 large trucks and buses were involved in fatal crashes in 2015, representing an increase of 8 percent compared to the previous year. The same year, 415,000 crashes involving large trucks were reported to the police. Commercial vehicle accidents can result in significant loss, and accident prevention is in everyone’s best interest.

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Tags: Risk Management

IRS issues guidance on forthcoming potential employer mandate penalties

November 16 , 2017


Earlier this month, the Internal Revenue Service (IRS) updated its Questions and Answers (Q&As) on the employer shared responsibility rules under the Affordable Care Act (ACA) to include information on enforcement. Specifically, these Q&As provide guidance on:

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Tags: Compliance

Long-term care awareness: The other reason to celebrate November

November 09 , 2017

long-term care awareness

What do people celebrate during the month of November? You're thinking turkeys, aren't you?

Of course, there's a lot to be said for Thanksgiving. The food is superb, and it's a beautiful time of year. It’s also a holiday about family, which brings us to the other reason to love November.

Welcome to long-term care awareness month: A time to think of your family's future, and your own.

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Tags: Employee Benefits, Individual Life & Health

November HR News Worth Review

November 06 , 2017


Health FSA Limit Will Increase for 2018

The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be increased each year.

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Tags: Compliance

10 Halloween safety reminders

October 26 , 2017

Halloween safety tips for parents

Halloween is supposed to be a scary holiday. We expect to see spooky costumes and terrifying decorations. Some frights, however, are less enjoyable – especially when they involve injuries or lawsuits.

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Tags: Home & Auto

Who needs professional liability insurance?

October 19 , 2017

Photo by Chris Davis on Unsplash

With so many insurance products available, figuring out which ones we need can seem daunting. No one wants to waste money on a superfluous policy. At the same time, no one wants to go without an essential policy – then pay the price for it later. One policy you may be wondering about is professional liability insurance.

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Tags: Business Insurance

President Trump's executive orders

October 17 , 2017


On Oct. 12, 2017, President Trump signed an executive order intended to change certain rules under the Affordable Care Act (ACA). The order would expand access to association health plans, health reimbursement arrangements (HRAs) and short-term, limited-duration insurance. It doesn't change existing regulations, but directs federal agencies to consider new regulations or guidance to implement the order’s policies. The executive order directs many agencies, including the Department of Labor, to consider proposing rules or new guidance to loosen current restrictions on what are called “association health plans” and on selling low-cost, short-term insurance. Such rules potentially exempt those plans for a number of ACA requirements.

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Tags: Compliance

Open enrollment communication best practices

October 12 , 2017

Communicating employee benefits

Your company offers great benefits, but do your employees know this? If employees are unaware of all the benefits available, or if they lack the resources needed to select the plans that best suit them, the company’s efforts will go unnoticed and unappreciated. Help your employees and boost workplace satisfaction by optimizing your open enrollment communication strategies.

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Tags: Employee Benefits

Trump administration expands contraceptive mandate exemptions

October 10 , 2017


Late last week, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued two interim final rules expanding certain exemptions from the Affordable Care Act’s (ACA) contraceptive coverage mandate. These final rules expand the availability of the religious exemption to include most employers that object to providing contraceptive coverage based on their religious beliefs or moral convictions, and they make the accommodations approach optional for eligible organizations. This guidance, which is effective immediately, significantly expands the number of employers that are eligible for an exemption from the contraceptive coverage mandate.

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Tags: Compliance