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Ego D&O: Moral Hazards in the Age of Social Media

Ego D&O: Moral Hazards in the Age of Social Media Twitter has a 280-character limit, but it took only 61 characters from Tesla CEO Elon Musk to create a multi-billion-dollar impact. On August 7, 2018, Musk tweeted: “Am considering taking Tesla private at $420. Funding secured.” It’s estimated that Musk initially added $1.4 billion to…

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Open Enrollment – Are You Ready?

Most employers have annual open enrollments for benefits during the months of October through January. Open enrollment is that one time per year that employees can make changes to their benefit elections. Open enrollments need to be planned carefully, with consideration given to the employee population and the best way to communicate the depth and breadth of your benefits program.

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IRS Announced 2019 Shared-Responsibility Affordability Percentage

Employers should not overlook the Affordable Care Act’s (ACA’s) annual inflation-adjusted shift in cost-sharing limits for group health plan coverage, as they could face steep penalties for failing to provide affordable coverage under the ACA’s shared-responsibility provisions. 

The IRS announced in Revenue Procedure 2018-34 the 2019 shared-responsibility affordability percentage. Based on the ACA’s affordability standard as adjusted for inflation, health coverage will satisfy the requirement to be affordable if the lowest-cost self-only coverage option available to employees does not exceed 9.86 percent of an employee’s household income, up from 9.56 percent in 2018.  This information will help you as you plan for 2018-2019 renewals.

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The Future of Blockchain and Manufacturing and Distribution Companies

Blockchain is essentially a decentralized ledger where two parties can exchange value with no intermediary. The pillars of blockchain, Ahluwalia continued, are consensus, state consistency, almost immediacy, and immutability—in other words, data does not go through a central source and, once entered, is quickly available to everyone on the chain but cannot be altered. With blockchain technology, manufacturers and distributors can track every step of a product’s journey from source to consumer and trust that the information is true and current.

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