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COVID-19 treatment

Health Plans Dropping Out-of-Pocket Cost Waivers for COVID-19 Treatment

2 minute read As the light at the end of the pandemic tunnel gets brighter, more health insurers are ceasing to offer cost-sharing waivers for COVID-19 treatment. After legislation was enacted in 2020 that required health insurance companies to cover COVID-19 tests and vaccines, many insurers voluntarily waived all deductibles, copayments and other costs for …

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health savings

Put Money into an HSA instead of a 401(k) After Employer Matching: Report

3 minute read One of the main recommendations for employees with 401(k) plans is that they should contribute at least enough to their plan every paycheck to ensure they receive the maximum they can in their employer’s matching contributions. But a new study by Willis Towers Watson recommends that younger, healthier workers should divert savings …

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cyber insurance

What Cyber Insurance Underwriters Look For

As the number of cyber attacks against businesses continues to grow, insurers that provide cyber liability and other cyber-related coverage have started intensifying their scrutiny of their clients’ databases and operational security. When a business suffers a cyber attack it could result in fraudulent wire transfers or having its systems rendered frozen, which can be …

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Coronavirus, covid-19 news headlines on United States of America 100 dollar bills. Concept of financial impact, stock market decline and crash due to worldwide pandemic

All of the Goodies for Businesses in the $1.9 Trillion Stimulus Act

4 minute read The $1.9 trillion American Rescue Plan Act (ARPA) that President Biden signed into law on March 11 contains a number of provisions intended to help small businesses and other organizations hurt by the pandemic. Foremost, it includes additional Paycheck Protection Program (PPP) loans to struggling businesses, and a number of special grants …

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worker's comp

Insurers Expected COVID-19 Workers’ Comp Surge; It Never Came

2.5 minute read COVID-19 workers’ compensation claims have not been as widespread as insurers and ratings agencies around the country had predicted when the pandemic first started in early 2020. Also, a large chunk of COVID-19 workers’ compensation claims filed by workers nationwide have been rejected, with insurers often citing lack of proof that the …

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fraud

Business Compromise Scams Continue Climbing

3 minute read While companies scramble to protect themselves against cyber criminals and malicious attacks on their servers, there is a growing amount of business compromise crime that uses both technology and a human touch to extract funds from businesses. Businesses have lost millions of dollars to social engineering scams, where attackers impersonate a company …

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