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Captive Insurance for the Affordable Housing Industry Uncovering the strategic benefits of a unique approach to risk financing

As Affordable Housing organizations face their annual insurance renewals, many have been surprised at the level of premium increases they are experiencing.  Today’s challenging and volatile insurance market is having significant impacts across the industry and has led many forward-thinking industry leaders to consider alternative risk financing mechanisms, such as captives.  While our Affordable Housing Team has received increasing questions about captives, this isn’t just anecdotal. According to industry trends, interest in captive insurance in the U.S. has risen greatly in the first quarter of 2021.  So, if you aren’t already considering whether a captive might be a good fit for your organization, now may be a good time to begin the conversation.  Continue reading

Congress Passes the American Rescue Plan

Update Friday, March 12: The stimulus bill passed by Congress on Wednesday was signed into law by President Biden on March 11 as the American Rescue Plan …Continue Reading

Strategies to Increase COVID-19 Vaccination Rates in Senior Living Employee Populations

The business need – and population health need – of having larger percentages of vaccinated employees in the Senior Living industry is clear.  Scott’s Senior Living Practice recently hosted a webinar to provide a comprehensive overview of potential strategies to increase vaccination rates among employees of Senior Living organizations. Featuring speakers with a wide range of expertise, including medical, legal and risk perspectives, the webinar highlighted the need for vaccinated employees due to asymptomatic spread, addressed specific risk factors of the industry’s employee population and provided timely guidance for employers. Continue reading

Updated Guidance on Expiration of Deadline Extensions

On Friday of last week, we notified you that certain benefit administration deadline extensions were set to expire on 2/28/21 barring any late breaking regulatory update. Later …Continue Reading

What Employers Need to Know About the COVID-19 Relief Bill

On Monday, December 21, 2020, Congress passed an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid. The bill, which was part of a $1.4 trillion spending package that will keep the government open for the fiscal year, has been sent to President Trump and he is expected to sign it into law.

Notably, the bill provides funding for unemployment benefits, small businesses, direct economic payments to individuals, vaccine distribution and rental assistance.  There are also a few highly-anticipated employee benefits items that made it into the legislation at the last minute:  Continue reading