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OSHA Trade Release Regarding Penalty Increases
On January 13, 2021, OSHA announced increases in civil penalty amounts that become effective January 15, 2021. This increase is required under the Congressional Federal Civil Penalties Inflation Adjustment Act. State Occupational Safety and Health Plans, such as IN,...
Alabama COVID-19 Vaccination Allocation Plan
The Alabama Department of Public Health (ADPH) is distributing the COVID-19 vaccine according to their vaccination allocation plan that was approved by the CDC. Distribution of the vaccine is currently going to healthcare workers and residents of long term care...
Compliance ✔- 2021 Deadline for CMS Creditable Coverage Disclosure
Employers who provide prescription drug benefits must report to CMS annually whether the benefits are creditable in respect to Medicare Part D coverage. The disclosure must be made online within 60 days from the beginning of the plan year. For calendar year plans, the...
Compliance ✔- CAA 2021, Temporary Health FSA and DCAP Relief
The Consolidated Appropriations Act, 2021 (CAA), enacted on December 27, 2020, contains temporary rules to provide relief for participants in health flexible spending arrangements (FSAs) and dependent care flexible spending arrangements (DCAPs) in light of the...
Compliance ✔- Consolidated Appropriations Act, 2021, Including Stimulus
COVID-19 Relief / Stimulus and New Health Care Requirements for Employers On December 27, President Trump signed into law the Consolidated Appropriations Act, 2021. At almost 5,600 pages, the Act contains COVID-19 relief and stimulus as well as the most...
In The News
Get Ahead of the Cost Curve: Work Comp Offers Savings in a Hard Market
Originally published in Birmingham Business Journal Oct. 30, 2020. Author: Allen Baker, Sr. Vice President of Property & Casualty Companies are experiencing increasing (or “hardening”) rates on their property and casualty insurance programs — an average 19%...
Pandemic Policy Provisions: Interview in Business Alabama
Fifteen lawsuits have been filed in Alabama seeking compensation from insurance companies for business lost during the Covid-19 shutdown, according to the National Association of Mutual Insurance Companies — 14 in federal court and one in Circuit Court in Jefferson...
Valent ranked as 4th largest Agency by Business Alabama Magazine
Business Alabama Magazine ranked Valent 4th largest agency according to a survey based on 2019 policy volume written by Alabama offices.