article thumbnail

State Regulators Address Insurers’ Use of AI: 11 States Adopt NAIC Model Bulletin

McDermott Will & Emery Employee Benefits

In December 2023, the National Association of Insurance Commissioners (NAIC) adopted a Model Bulletin on the Use of Artificial Intelligence (AI) Systems by Insurers. The model bulletin reminds insurance carriers that they must comply with all applicable insurance laws and regulations (e.g.,

article thumbnail

Top 4 reasons why you should add a dependent eligibility audit to your benefits strategy

WEX Inc.

By confirming youre only covering eligible expenses, you maintain compliance with insurance carrier eligibility requirements while minimizing litigation risks and reducing stop-loss exposure. The information in this blog post is for educational purposes only. Check out our benefits administration solutions here!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your 5-Day Plan to Learning Facebook

HR Bartender

Maybe it’s a blog post about leadership, an update about the new Windows 10, or a law that’s going to impact your industry. For example, I follow my insurance carrier. DAY 1 – Post one piece of business news that interests you. DAY 2 – Like a business brand page.

article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

Dependent eligibility audits are essential for maintaining adherence to insurance carrier requirements and minimizing potential litigation. The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts. It is not legal or tax advice.

article thumbnail

Dear Valued Participant, we’re here for you

Benefit Resource Inc.

Lately, we’ve seen an uptick in questions around the roles of responsibilities of your company’s broker, your TPA (that’s us), and your health insurance provider. And where does your health insurance carrier play into this? What is a health insurance carrier? –Check out this blog.

article thumbnail

Drivers, Fleet Managers Must Report All Claims

InterWest Insurance Services

If we are not available and it’s an emergency, contact your insurance carrier directly. The driver should follow the instructions on the form and fill it out thoroughly, including getting insurance information from a third party, if involved. Report all claims immediately to us, your broker.

article thumbnail

Ask an Expert: Is There a 30-Day Grace Period to Make Changes to Elections in Cafeteria Plans?

InterWest Insurance Services

Many group health insurance plan sponsors and administrators have the mistaken belief that the law allows employees enrolling in Section 125 cafeteria plans to change their elections, as long as they do so within 30 days of the plan becoming effective. This is not correct. And this misconception can have serious consequences.