In an ever-changing world, understanding the key insurance challenges in 2024 is crucial for businesses and individuals alike. These challenges significantly impact insurance coverage decisions. In this article, we’ll explore how they may affect policyholders.
We are very pleased to announce that Eric Vatch has joined DSP as a producer in our Employee Benefits Division. After working at Cigna Health Insurance as a Client Engagement Manager & Captive Resources as a Sr. Program Coordinator for the Medical Stop Loss Captives, Eric has decided to follow in his parent’s footsteps and join the DSP family.
Understanding MHPAEA Compliance for Health Plans
The Evolution of Mental Health Parity Laws
The journey towards mental health parity in the United States has been marked by significant legislative milestones. It began with the Mental Health Parity Act (MHPA) of 1996, which laid the groundwork by requiring health plans to ensure that annual and lifetime limits for mental health benefits were on par with those for medical and surgical benefits. However, this act did not mandate coverage for mental health services nor did it address other financial or treatment limits, leaving gaps that subsequent legislation sought to fill.
As the 2024 open enrollment season approaches rapidly, having a carefully devised strategy becomes pivotal. Not only will it aid in retaining your valued team members, but it can also serve as a magnet for potential star players. Here is a basic guide to ensure you are fully prepared for the open enrollment period:
Surety bonds generally require a General Agreement of Indemnity (GAI), a critical component in the bonding process. This article will delve into what a GAI is and why it’s considered such an essential element for GAI surety bonds.
Recently, the U.S. Department of Labor (DOL) communicated it will issue a proposed overtime rule in May 2023, according to its most recent regulatory agenda. The agency originally planned to publish the
proposed rule in April 2022 but then delayed it until October 2022. This is the second time the DOL has delayed issuing the proposed overtime rule. Even though the proposed rule is now set to be published
in May, it could be delayed again based on the DOL’s previous postponements.
The DSP team is growing! We’re hiring a CSR in our commercial insurance division. Click the link below to learn more.
On Friday Dec. 17, 2021 the 6th Circuit Federal Court of Appeals reinstated the Occupational Safety and Health Administration’s (OSHA) federal emergency temporary standard (ETS) for COVID-19. This Legal Update provides an overview of how this decision affects ETS compliance for private employers with 100 or more employees.
In recent years, the housing market has been chaotic, underscored by rising interest rates, record-low housing stock, and elevated home price tags. This turbulence has significantly increased the demand for housing, whether buying or renting. In a notable development, U.S. home building surged in May 2023, climbing 21.7% from April 2023, as low inventory in the existing home market continued to boost interest in new homes according to CNN. This uptick in residential construction underscores the importance of builder’s risk insurance in ensuring a Secure Building Future.
