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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
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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…
Read MoreEEOC 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…
Read MorePCORI Fees Due Aug. 2, 2021
July 25, 2021
The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). Issuers and plan sponsors are generally required to pay the PCORI fees annually by July 31 of…
Read MoreOSHA’s Safe and Sound Week Scheduled for Aug. 9-15
July 18, 2021
Each year, more than 5,000 workers are killed on the job. Additionally, more than 3.6 million employees are seriously injured each year while at work. Because of this, the Occupational Safety and Health Administration (OSHA) holds a nationwide event each August called Safe and Sound Week, which promotes the importance of companies incorporating safety and…
Read MoreOSHA Proposes Rule to Update the HCS
July 1, 2021
The Occupational Safety and Health Administration’s (OSHA) Hazard Communication Standard (HCS) outlines requirements regarding labels and Safety Data Sheets (SDSs) for hazardous workplace chemicals throughout the United States. To align its requirements with the United Nation’s Globally Harmonized System of Classification and Labeling of Chemicals (GHS), OSHA recently issued a proposed rule to update the…
Read MoreIRS Issues Guidance on American Rescue Plan’s COBRA Subsidy
May 25, 2021
On May 18, 2021, the IRS issued Notice 2021-31, a guidance document on the American Rescue Plan Act (ARPA) subsidy for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The Notice discusses the background of the subsidy and includes 86 questions and answers (Q&As) about its application. The COBRA Subsidy…
Read MoreCDC Updates Outdoor Mask Guidance for Fully Vaccinated People
May 4, 2021
The Centers for Disease Control and Prevention (CDC) has released new guidance for people who have been fully vaccinated with a COVID-19 vaccine. This update loosens the CDC’s mask-wearing recommendations for those fully vaccinated, allowing many outdoor activities without a mask. People are considered fully vaccinated two weeks after their second dose in a two-dose…
Read MoreIRS FAQs on Premium Tax Credit Changes Due to the ARPA
April 22, 2021
On April 9, 2021, the Internal Revenue Service (IRS) released a fact sheet containing FAQs addressing changes for taxpayers who received advance payments of the 2020 premium tax credit (PTC) due to the American Rescue Plan Act (ARPA). Understanding how recent legislative changes for the PTC affect individuals, families and their 2020 tax return is…
Read MoreOverview of the American Rescue Plan
March 12, 2021
The $1.9 trillion relief bill, known as the American Rescue Plan, has been signed into law by President Joe Biden. Highlights of the bill include extended unemployment benefits, direct checks to individuals and more. While some of the bill was changed during its time with Congress, it’s largely similar to the initial version passed by…
Read MoreComparing the Two Major COVID-19 Stimulus Packages
January 14, 2021
President Donald Trump recently signed into law an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid.The chart below provides an overview of the highlights of the new stimulus package, and how it compares to the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law in March 2020. This will…
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