Leavitt Group

Setting the stage for tomorrow’s leaders today! ?? We’re proud to support the Women's Leadership Institute, advancing leadership training and enhancing the role of women in shaping a vibrant future for Utah. Discover more about our involvement here: https://lnkd.in/djkKbNf6

Effective in 2020, the?Consolidated Appropriations Act, 2021 (CAA)?prohibits health plans and health insurance issuers from entering into contracts with health care providers, TPAs, or other service providers that contain gag clauses (i.e., clauses restricting the plan or issuer from providing, accessing or sharing certain information about provider price and quality and de-identified claims). Plans and issuers must?annually submit?an attestation of compliance with the CAA’s gag clause prohibition to the Departments of Labor, Health and Human Services, and the Treasury (Departments). The first attestation was due on Dec. 31, 2023.?The next attestation is due Dec. 31, 2024, covering the period since the last attestation. Learn more at https://lnkd.in/g9n7ZD-b

We're pleased to announce a strategic partnership between Leavitt Group Northwest (LGNW) and Portalus, a key subsidiary of the Washington Technology Industry Association (WTIA). This collaboration is set to enhance the value offered to WTIA members by leveraging Leavitt Group's national resources and insurance company relationships, further elevating the support and services available to the association's community. Four employees from Portalus will work closely with LGNW, including Thomas Price, Rebecca Carroll, Gisela Grigorian, and Jared Whaley. We look forward to the opportunities this partnership will bring LGNW clients and WTIA members. https://lnkd.in/gK7yH7gJ #leavittgroup #insurancenews #partnership #wearegrowing

On October 21, 2024, the Departments of Health and Human Services, Labor, and of the Treasury released proposed rules with comment period entitled “Enhancing Coverage of Preventive Services Under the Affordable Care Act.” These proposed rules would expand access to coverage of recommended preventive services without cost sharing in the commercial market, with a particular focus on reducing barriers to coverage of contraceptive services, including over-the-counter (OTC) contraceptives, without a prescription (religious exemptions for sincerely held beliefs exist). For a summary of the proposed rules, visit https://lnkd.in/gqymbgd4

On Veterans Day, we honor the courage and sacrifice of those who have served. Your bravery inspires us every day. Thank you for your service!

On Oct. 22, 2024, the IRS released?Revenue Procedure 2024-40?(Rev. Proc. 24-40), which includes the inflation-adjusted limit for 2025 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2025, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs increases to?$3,300.?This is a $100 increase from the 2024 health FSA limit of $3,200. For further details, visit https://lnkd.in/gvQ9pyDX

As a consequence of the Inflation Reduction Act of 2022 (IRA), many plans will see an impact to the creditable coverage status of employer-sponsored prescription drug coverage beginning in 2025. The IRA caps the annual out-of-pocket maximum at $2,000 for prescription drug coverage for those enrolled in Medicare Part D. Employer prescription health plan coverage may no longer be considered creditable. The change in creditable status for the 2025 plan year requires sending a non-creditable Medicare Part D notice to plan participants. To learn more about this requirement, view our article https://lnkd.in/g_nSwERD

?? Happy Halloween from Leavitt Group! ????

We're excited to announce that Potter Insurance Agency has joined BTJ INSURANCE, a Leavitt Group affiliate with nine office locations across Tennessee, Maryland, and Virginia. This affiliation brings a new office location and three dedicated team members to BTJ Insurance. Congrats to BTJ Insurance on their continued growth, and welcome to the Potter Insurance Agency team! https://lnkd.in/g5b_n5Xp #leavittgroup #wearegrowing #insurancenews #insuranceindustry

Navigating the aftermath of a cyber incident is crucial for organizations. Understanding your cyber insurance coverage and the claims process can streamline recovery and minimize damage. Check out these four essential steps to guide you through effectively managing cyber insurance claims. https://lnkd.in/g5uShUfJ