FICA Reduction Redux – IRS Issues Guidance on Wellness Indemnity Payments

June 29, 2023
On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal Insurance Contributions Act (FICA) taxes, Federal Unemployment Tax Act (FUTA) taxes, and federal income tax withholding... Find out more »

Benchmarking: Here Are the Employee Benefits Your Peers Are Offering

June 27, 2023
Employee benefits benchmarking is an essential step toward designing a Total Rewards program that helps attract and retain a talented and engaged workforce while keeping an eye on your company’s bottom line. If you’re not sufficiently informed on what kind of benefits and working... Find out more »

Alera Group HR Communications Agency, Blue Communications, Celebrates Winning Multiple Hermes Creative Awards

Deerfield, IL (June 27, 2023) — Alera Group specialty practice Blue Communications received six awards at this year's Hermes Creative Awards, adding to honors the agency has received from one of the world’s most prestigious creative competitions. Among the nation’s premier... Find out more »

Alera Group Appoints Mark Dennis as Managing Director of the Northwest Region

June 22, 2023
Deerfield, IL (June 22, 2023) — Alera Group, a top independent national insurance and wealth services firm, announced today that Mark Dennis has been appointed as Managing Director for the Northwest region. In his new role, Mark will help drive Alera Group’s growth activities and... Find out more »

Navigating a Challenging Renewal Cycle for Hospitality Property Insurance

June 21, 2023
Are your bags packed for vacation? The summer season brings promising prospects for the hospitality industry. The American Hotel & Lodging Association (AHLA) predicts a Booking Index Score of 7.8 out of 10 for both business and leisure travel this summer, indicating a “very good”... Find out more »

Alera Group Named to Crain’s 2023 Chicago Business Fast 50

June 20, 2023
Deerfield, IL (June 20, 2023) — Alera Group, a top independent national insurance and wealth services firm, was recently ranked the 31st fastest-growing company in Chicago by Crain’s Chicago Business. In its first appearance on the Fast 50 list, Alera Group showcases its sustained... Find out more »

Legal Alert: PCORI Fees Due By July 31, 2023

June 16, 2023
Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2023 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI) via Form 720, which was recently updated and released... Find out more »

Annual Alera Group Charity Golf Classic Tops $150K

June 14, 2023
There are good reasons Alera Group President Jim Blue and Executive Administrative Assistant Carla Pope are beaming in the photo illustrating this post. The 34th annual Alera Group Charity Golf Classic — an event founded by Jim’s father and organized by Carla with the help of multiple... Find out more »

MedMal (and Beyond): Insurance Issues Facing Physician Groups

June 11, 2023
For years, medical professional liability (Med-Mal) insurance has been the largest insurance expense — and one of the largest overall expenses — incurred by physician groups. For the past several years, the MedMal Insurance market had been trending toward a hard cycle, characterized... Find out more »

Alera Group exec receives Distinguished Estate Planner award

June 7, 2023
Deerfield, IL (June 7, 2023) — Alera Group, a top independent, national insurance, wealth services and retirement plan services firm, today announced J.R. Burke, Founding Principal of Perspective Financial Group, an Alera Group company, is the recipient of the Philadelphia... Find out more »