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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

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FDA Authorizes COVID-19 Boosters Targeting Omicron Variants

FDA Authorizes COVID-19 Boosters Targeting Omicron Variants

September 6, 2022
On Aug. 31, 2022, the Food and Drug Administration (FDA) authorized updated COVID-19 booster shots from Moderna and Pfizer-BioNTech that target the dominant BA.4 and highly contagious BA.5 coronavirus Omicron subvariants. Both modified vaccines still target the original coronavirus strain. The FDA authorized the Pfizer-BioNTech modified booster for people age 12 and older and the…
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Final Rule Implements Ban on Surprise Medical Billing

Final Rule Implements Ban on Surprise Medical Billing

August 28, 2022
On Aug. 19, 2022, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) jointly released a final rule implementing the ban on surprise medical billing under the No Surprises Act (NSA), which was enacted as part of the Consolidated Appropriations Act, 2021 (CAA). This rule finalizes two interim final rules…
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ACA Pay or Play Penalties Will Increase for 2023

ACA Pay or Play Penalties Will Increase for 2023

August 22, 2022
On Aug. 16, 2022, the IRS updated its frequently asked questions (FAQs) on the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA) to include updated penalty amounts for 2023. For calendar year 2023, the adjusted $2,000 penalty amount is $2,880 and the adjusted $3,000 penalty amount is $4,320. Pay or…
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Senate Passes the Inflation Reduction Act

Senate Passes the Inflation Reduction Act

August 9, 2022
The U.S. Senate recently passed the Inflation Reduction Act, which includes provisions aimed at addressing climate change, reducing the high costs of prescription drugs and lowering the deficit by approximately $300 billion. The $750 billion spending bill passed through the budget reconciliation process, meaning all 50 Democrats and one tie-breaker vote from Vice President Kamala…
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Biden Administration Launches Website for Extreme Heat Hazards

Biden Administration Launches Website for Extreme Heat Hazards

August 2, 2022
On July 26, the Biden administration launched Heat.gov—a new website through the National Integrated Heat Health Information System web portal—to provide the public and decision-makers with information to understand and reduce health risks related to extreme heat. This one-stop hub contains clear, timely and science-based data to “equip local officials and the public with robust…
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Amazon to Buy Primary Health Care Provider for $3.9 Billion

Amazon to Buy Primary Health Care Provider for $3.9 Billion

July 25, 2022
On Thursday, July 21, Amazon reached a deal to acquire One Medical, a network of boutique primary care clinics, for $3.9 billion. This is another substantial step in the e-commerce giant’s plans to become a player in the health care industry. Through this deal, Amazon hopes to improve how people book appointments and enhance the…
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Senate Passes Resolution to Repeal Vaccine Mandate for Private Sector Employers

Senate Passes Resolution to Repeal Vaccine Mandate for Private Sector Employers

December 23, 2021
On Dec. 8, 2021, the Senate voted on and passed a resolution to repeal President Biden’s vaccine mandate for private employers. The resolution passed with a simple majority vote of 52 to 48. The resolution aims to overturn the Occupational Safety and Health Administration’s (OSHA) emergency temporary standard (ETS) that requires private employers of 100…
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President Biden Announces COVID-19 Vaccine Mandates for Federal Employees and Large Employers

President Biden Announces COVID-19 Vaccine Mandates for Federal Employees and Large Employers

September 12, 2021
On Thursday, Sept. 9, 2021, President Joe Biden signed executive orders requiring federal workers and contractors to get vaccinated against COVID-19. Biden also directed the Occupational Safety and Health Administration (OSHA) to draft a new emergency rule requiring all businesses with 100 or more employees to ensure all of their workers are either tested for…
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OSHA Penalty Schedule

OSHA Penalty Schedule

August 15, 2021
An employer receives a written citation when it violates OSHA standards or regulations. The citation will describe the particular nature of the violation and will include a reference to the provision of the chapter, standard, rule, regulation or order the employer violated. In addition, the citation will provide a reasonable amount of time for the…
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EEOC Extends EEO-1 Deadline for 2019 and 2020 Data to Aug. 23

EEOC Extends EEO-1 Deadline for 2019 and 2020 Data to Aug. 23

July 29, 2021
Employers now have some extra time to submit equal employment opportunity (EEO-1) workforce data from 2019 and 2020, the U.S. Equal Employment Opportunity Commission (EEOC) announced on June 28, 2021. These reports were previously due by July 19, 2021. Employers now have until Aug. 23, 2021, to complete their submissions. The EEOC’s collection of this…
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