Affordable Care Act (ACA) Updates


By: Cindy Brenke, Risk Advisor – Employee Benefits

As the 2014 implementation of the Affordable Care Act is upon us in full force, how familiar are you with some of the recent changes to the legislation?

Our goal at IBTX is not only to keep our employers and employees informed of these changes but also to educate. Below are some of the recent changes for the Affordable Care Act (ACA).

Federal Government Announces another Delay for Employee Mandate


On Feb. 10, 2014, the Treasury Department, in regulations outlining the Affordable Care Act, announced another delay to the employer health care mandate. Companies employing between 50 and 99 full-time workers will now have to comply with the mandate to offer employees affordable health insurance in 2016, a delay of an additional year.

OSHA Toughens Temporary Worker Safety Stance


An initiative to help protect temporary workers from workplace hazards was announced Monday by the U.S. Department of Labor’s Occupational Safety and Health Administration. The agency said it’s taking action after reports of temporary workers suffering fatal injuries.

IBTX Perpetuation Planning: The Seven Step Exit Planning Process


There are many tools available to help individuals get into business, but few that help them get out. The Exit Planning Process is a customized comprehensive approach to designing and implementing a business owner’s successful exit from his or her business. Exit Planning uses an owner’s unique personal objectives to convert his or her current reality into the desired outcome. The Exit Planning Process helps maximize the financial return, minimize tax liability, plan for contingencies and increase the likelihood of a successful transfer of the business.

DOL Audits are a Reality


For at least two years, there has been speculation in the insurance industry that the U.S. Department of Labor (DOL) would be increasing audits of all size business for Employee Retirement Income Security Act (ERISA) compliance.

In January, the DOL began sending audit letters to businesses in Texas. In addition to sending the audit letters, DOL auditors also began conducting in-person audits at selected businesses. Apparently, the DOL is looking for compliance in several areas, including:

  • Organization charts of the company, including all subsidiary companies

Ewing vs. Amerisure: How Quickly Things Change


By: Art Briseno, CPCU, AIC; Director of Operations – Agency Risk Manager, Claims

We have all heard the old saying in Texas “if you don’t like the weather wait a minute it will change”. This old saying also applies to court cases and the way the court looks at insurance policies.