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Want Innovation? Ask the Right Questions
Innovation is a hot topic right now, with websites, researchers, authors, and consultants sharing regular insights and revelations about how businesses can be more innovative in an economy that continues to be challenging. While innovative businesses typically point to famous industry disrupters like Apple, Google, Amazon and Uber for creating new products and services while Read More
Hays Companies Ranked in Top 25 in The 100 Largest Brokers of U.S. Business List
Hays Companies was listed again as one of the top 100 largest insurance brokers in the United States by Business Insurance, a leading commercial publication to the insurance industry. The list was based on 2015 brokerage revenues of U.S based clients. Hays Companies ranked 21st this year and achieved over a nine percent revenue increase Read More
Mental Health and the Well-being of an Organization’s Workforce
The Affordable Care Act (ACA) requires most individual and small group health insurance plans to cover mental health and substance abuse disorder services, including behavioral health treatment, counseling, and psychotherapy. Additionally, health plans must comply with the requirements set forth in the Mental Health Parity and Addiction Equity Act (MHPAEA), meaning coverage for mental health Read More
Hays Experts’ New Publication
Congratulations to Bruce Hollcroft and Bruce Lyon, two of Hays Companies’ Risk Control Directors, on their recent textbook publication titled Risk Assessment, A Practical Guide to Assessing Operational Risks. The book was written by Hollcroft, Lyon and Georgi Popov, Associate Professor on risk assessment at the University of Central Missouri. Risk Assessment, A Practical Read More
Joe Williams Joins Hays Companies
MINNEAPOLIS, Minn. (June 27th, 2016) – Hays Companies announced Joe Williams has joined its San Francisco operations as Senior Vice President. He will be responsible for spearheading new business development, leading and managing the team and continuing to build Hays’ renowned workforce. “We are delighted to have Joe on board at Hays,” said Michael Egan, Read More
Let’s Play Whack-An-ACA-Rule!
WARNING: This is a whimsical look at the difficulty of combining several agency rules with compliance under the ACA. If you have any questions regarding the compliance issues raised in this piece, contact your Hays Team representative and we can provide more detailed guidance. If you have ever been to a state fair or an Read More
2017 HSA Limits and ACA Out-Of-Pocket Maximums
Although it is only spring, we now have official guidance on health savings account (HSA) and Affordable Care Act (ACA) limits for 2017 plan years. As before, these two requirements have different limits that will need to be addressed to ensure that a high deductible health plan complies with ACA requirements. On April 27, 2016, Read More
Cyber Attacks Target Utilities; IT Risk Managers Now on Alert
Earlier this year, cyber terrorists launched a well-organized and highly effective attack that cut power to millions serviced by Ukrainian electricity distribution companies, the first verified and successful intrusion into a utility information technology (IT) network. The sophisticated attack was launched through a well-planned campaign that sent fake emails containing a BlackEnergy-type computer virus to Read More
How Comfortable Are We Getting With Disrupters?
Most Disrupters aren’t all that disruptive anymore. Everyone, including our children, have become quite comfortable with Disrupters and the positive impact they have on business and our everyday lives. A true Disrupter turns a product or service upside-down and inside-out. Consider one of the biggest Disrupters in recent history — the personal computer. Think of Read More
The Latest Hays Compliance Department Updates
Recently, updated guidance has been received from the Federal Government with respect to the ACA, including release of updated health plan “Benefit and Payment Parameters” for 2017. For your information, we have summarized these updates below. 2017 Benefit and Payment Parameters: On February 29, 2016, the US Health and Human Services (HHS), Treasury and Labor Read More