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Digital Bank Holidays: Buying Time in a Financial Emergency

Reynolds Holding

It has been a year since Silicon Valley Bank failed, and one of the major policy questions that emerged – what to do about deposit insurance? Banking is an industry that needs public confidence to function, and we have become accustomed to relying on confidence-inspiring deposit insurance as our primary bulwark against bank runs.

Banking 59
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CMS Fact Sheet Addresses End of COVID-19 Public Health Emergency

ThomsonReuters

The fact sheet, which is addressed to individuals, confirms that HHS is expecting the PHE to expire at the end of the day on May 11 and provides information about the implications for coverage under private health insurance, as well as Medicare, Medicaid, and CHIP. Access to Telehealth Services. Contributing Editors: EBIA Staff.

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Appellate Court Agrees TPA Was Not a Plan Fiduciary

ThomsonReuters

2023) Available at [link] The First Circuit has upheld a trial court’s conclusion that a third-party administrator (TPA) for a self-insured multiemployer health plan was not an ERISA fiduciary based on its administrative activities (see our Checkpoint article ). Thus, the TPA lacked discretionary authority over plan management.

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Health Plans Must Cover OTC COVID-19 Tests

ThomsonReuters

As background, these laws and implementing regulations (see our Checkpoint article ) generally require group health plans and insurers to cover COVID-19 diagnostic testing without cost-sharing, prior authorization, or other medical management requirements. Here are highlights: Coverage of OTC Tests. Preferred Sellers.

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$50 Million Prescription Drug Coverage Lawsuit Proceeds Against Stop-Loss Insurer and Pharmacy Benefits Manager

ThomsonReuters

2023) Available at [link] Two self-insured health plan participants diagnosed with a rare health condition incurred prescription drug expenses of over $50 million, leading the employer plan sponsor to file this lawsuit against the plan’s pharmacy benefits manager (PBM) and stop-loss insurer.

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9 Reasons Why Should You Hire an ISA Personal Property Appraiser

ISA

There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets. Whether you're dealing with art, antiques, furniture, jewelry, or other possessions, an appraiser can give you a valuation.

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Comment on At Federal Agency, The Mayhem Is the Message by Mike Ford, AGA™

Appraisers Blog

HUD has made numerous improper demands of Ken regarding submission of other, unrelated work. The LAW being cited merely authorizes HUD to seek VOLUNTARY cooperation. ” Perhaps that and other racially biased actions are why she has resigned. There is only so much money E&O insurers will spend on a case.