CBM Insurance Agency Joins Alera Group

December 14, 2023
Deerfield, IL (December 14, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Delaware-based CBM Insurance Agency (CBM). Established in 2008, CBM offers comprehensive solutions, including commercial business insurance,... Find out more »

Legal Alert: Agencies Provide Updated County Data for Culturally and Linguistically Appropriate Services and Guidance

December 12, 2023
On November 28, 2023, the tri-agencies (DOL, IRS, and HHS) issued Part 63 of its FAQ series regarding implementation of the Affordable Care Act (ACA) and Consolidated Appropriations Act, 2021.  The FAQs provide information regarding the most recent American Community Survey (“ACS”)... Find out more »

Alera Group Retirement Plan Services Acquires Fraser Group  

Prominent industry leader George Fraser and team join Scottsdale, Arizona office  Deerfield, IL (December 12, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Fraser Group, a retirement plan consulting practice led... Find out more »

Legal Alert: The Crucial Role of Comparative Analyses Under the Mental Health Parity Proposed Rule and Technical Guidance

December 4, 2023
On July 25, 2023, the agencies released an extensive proposed rule related to the Mental Health Parity and Addiction Equity Act (the “Proposed Rule”) as well as a Technical Release requesting comments on certain proposed data requirements for nonquantitative treatment limitations... Find out more »

Legal Alert: IRS Adjusts Health Flexible Spending Account and Other Benefit Limits for 2024

November 10, 2023
On November 9, 2023, the Internal Revenue Service (IRS) released Revenue Procedure 2023-34, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,200 for plan years beginning in 2024, an increase of $150 from 2023.  Thus, for health FSAs with a... Find out more »

Legal Alert: IRS Releases PCORI Fee For Plan Years Ending Before October 1, 2024

October 26, 2023
This alert is of interest to all employers that sponsor self-insured group health plans, including Health Reimbursement Arrangements (HRAs). Note that the PCORI fee does not apply to most health FSAs. The IRS has released Notice 2023-70, which sets the applicable PCORI fee for plan years ending... Find out more »

Alera Group Bolsters Employee Benefits Services with Rick Young Insurance

Deerfield, IL (October 26, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid... Find out more »

Public Sector Insurance: Navigating Challenges of Limited Resources

October 25, 2023
Public sector organizations increasingly find themselves in an environment of shrinking budgets, staffing shortages, growing hostility and rising inflation. Educational institutions, law enforcement agencies and municipalities operate under a microscope different from those overseeing private... Find out more »

Alera Group Expands Services with Acquisition of Brio Benefits

October 17, 2023
Deerfield, IL (October 17, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Brio Benefits (Brio), an employee benefits consulting company based in New York. "At Brio, we've held true to our core values... Find out more »

Legal Alert: Agencies Issue Additional FAQs Regarding the Transparency in Coverage Final Rules

October 13, 2023
On September 27, 2023, the DOL, IRS and HHS released FAQs About Affordable Care Act Implementation Part 61 (“FAQ Part 61”) which addresses lingering questions about enforcement of the Transparency in Coverage Final Rules (TiC Final Rules). More specifically, the provisions of the TiC... Find out more »