After IRS Tweak Be Careful that You’re Complying with Affordability Test

| posted in Blog

Now that the final attempt (this year) at dismantling the Affordable Care Act came to a quiet end in the last week of September, employers need make sure that they stay on track with compliance. First and foremost is that the ACA’s employer mandate and shared responsibility provisions still stand. That includes the affordability test, to which employers need to pay special attention, as increases in premium can put some of your employees over the edge into “unaffordable” coverage territory. And this year there’s a twist that you need to be aware of. As it’s almost time for open enrollment,…
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A Window of Opportunity and Focus on Customers Leads to Success

| posted in Blog, Newsletter

For Renewal by Andersen of Sacramento, customers are at the heart of what they do. From the company’s window installers all the way to the CEO, the local franchise of Andersen Corp. is focused on helping their clients achieve their vision for their home. The company does this by hiring passionate window experts who exceed the expectations of homeowners in the Sacramento region. A commitment to quality and a focus on their clients is why CoreMark Insurance Services has chosen Renewal by Anderson of Sacramento as its client of the month. We sat down with Karen Meier, Marketing Manager for…
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How Many Seniors Get Medicare Open Enrollment Wrong

| posted in Blog, Newsletter

Medicare can be hard to navigate, even if you’ve been enrolled for years. As open enrollment approaches – it starts Oct. 15 and runs through Dec. 7 – you’ll want to pay attention to some of the most common mistakes people make. Not understanding the difference between Original Medicare and Medicare Advantage – With Original Medicare, there is typically no premium for Part A coverage if you or your spouse paid Medicaid taxes while you were working. However, you do pay monthly premium for Part B coverage. Also, with Original Medicare, you can usually see any doctor or specialist you…
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Three Troubling Trends Affecting Workers’ Comp

| posted in Blog, Newsletter

While U.S. employers are seeing fewer industrial accidents thanks to more employers putting a premium on workplace safety, some emerging trends threaten to seriously affect this trend and usher in higher workers’ comp premiums. Today, it’s not enough to just keep a safe workplace. You should have policies in place to avoid these emerging threats – and also instill them in management. Three particularly troubling trends are as follows: More workers injured in traffic accidents This is a biggie and one that’s harder for employers to manage. There has been a significant uptick in motor vehicle accidents in the last…
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Give Your Workplace First Aid Program a Checkup

| posted in Blog, Newsletter

Workplace injuries cost employers hundreds of billions of dollars every year. The direct costs of paying workers’ compensation payments to injured employees now tops $1 billion every week, according to information from the Occupational Safety and Health Administration. While most companies focus on workplace safety and try to keep their employees safe from industrial accidents, they must also keep on hand proper first aid kits. And if you haven’t updated your kit in the past few years, you should know that OSHA in 2015 changed the minimum allowable standard for basic first aid kits. Here’s what you need to know:…
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Rating Bureau Recommends Rate Increase, Albeit Slight

| posted in Blog

The Workers’ Compensation Insurance Rating Bureau of California will ask for a benchmark rate increase of 0.1% for policies incepting on or after Jan. 1, 2018. But, in light of the insurance commissioner approving a 7.8% decrease for July 1 of this year, the benchmark rate for 2018 policies will still be nearly 8% less than it was at the start of 2017. The change would affect the benchmark rate – also known as the pure premium rate – which is a guidepost that insurers use to price their policies. That said, insurers are free to price their policies as…
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