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At TIS, we are committed to keeping you updated with innovative ideas, best practices, and proven strategies crafted by our talented insurance industry specialists.
With the 2024 reference year RxDC reporting deadline approaching in June, plan sponsors should re-familiarize themselves with the reporting requirements. The 2024 reference year RxDC Reporting Instructions have been released, though there were no changes to the reporting requirements or
Employee benefits are at the core of attracting and retaining top talent for businesses of all sizes. From new compliance regulations to shifting workforce priorities, employers face challenges in designing effective benefits programs. To help you navigate these changes, we’ve
As businesses look for innovative ways to manage rising healthcare costs and offer competitive benefits, many are transitioning from fully insured health plans to self-funded models. Self-funding allows employers to take greater control over their benefits program, customize coverage, and
Balancing cost-effectiveness with attractive employee benefits is a challenge for any organization, but it’s especially crucial for non-profits. In this sector, resources are often limited, and high costs can strain budgets that are allocated primarily for mission-driven activities. However, providing
Knoxville, TN – TIS Insurance Services, Inc., a leader in innovative insurance solutions, has announced a strategic partnership with Innovative Captive Strategies (ICS), a top 10 captive insurance company manager. This collaboration allows TIS to expand its commercial insurance solution
As the new year begins, businesses across the U.S. must prepare for one of the most critical compliance deadlines on the calendar: submitting the OSHA Form 300A. This key requirement applies to many employers and plays an essential role in
Car insurance is necessary, but that doesn’t mean you have to overpay for it. You can significantly reduce your premiums by implementing a few smart strategies without sacrificing coverage. Here are some car insurance hacks that will help you save
Running a business comes with many challenges, and one of the most significant risks is the potential for lawsuits. Whether you’re a small business owner or managing a large corporation, the threat of legal action is real. General liability insurance
Whether you’re an owner-operator or manage a fleet, having the right commercial truck insurance is crucial for protecting your business and ensuring its long-term success. But with so many options available, how do you choose the best policy for your
On Monday, December 23, 2024, President Biden signed into law two bills, H.R. 3797 (the “Paperwork Reduction Act”) and H.R. 3801 (the “Employer Reporting Improvement Act”),which will positively impact applicable large employers (“ALEs”) and other entities required to furnish forms
Human Resources is often seen as the engine that keeps an organization running smoothly, but too many companies limit HR’s potential to routine administrative tasks. Payroll processing, employee onboarding, and compliance are important, but they barely scratch the surface of
Healthcare costs have been on the rise for decades, but the pace at which they are increasing is causing concern among individuals, employers, and policymakers alike. As we approach 2025, numerous factors are expected to contribute to an escalation in
Protecting your financial future goes beyond just covering immediate needs; it’s about ensuring long-term security for you and your loved ones. While term life insurance provides temporary coverage, permanent life insurance offers lifelong protection, cash value accumulation, and other financial
Running a small business comes with many responsibilities, including attracting and retaining top talent. As a small business owner, you may face unique challenges in offering competitive employee benefits compared to larger companies with more extensive resources. However, providing a
Open enrollment season may be (or almost) over, but it’s just the beginning of an essential phase in employee benefits management: ensuring that employees use and benefit from the coverage they’ve chosen. This is especially important now considering that projections
As we approach 2025, it’s essential for employers to stay informed about the latest shifts in employee benefits. Employee expectations are shifting, economic pressures are mounting, and employers are striving to balance cost-effectiveness and comprehensive benefits. New trends in healthcare,
Remember the days when seeking help for stress, anxiety, or burnout meant whispered phone calls from a secluded office and the stigma of hushed conversations? Thankfully, those days are fading. A quiet revolution is underway in how we approach mental
When the Consolidated Appropriations Act, 2021 (the “CAA”) was enacted on December 27, 2020, it included a provision that prohibits group health plans and health insurance carriers from entering into certain agreements that, either directly or indirectly, restrict the release
As projects grow more complex, contractors, owners and surety companies all have an increased risk stemming from an ongoing industry shift in project coordination. The burden of providing more project coordination, via changes in contractual language, is landing on the
Owning a recreational vehicle (RV) provides the freedom to explore the open road and travel with the comforts of home. But while RVs offer the thrill of adventure, they also come with unique risks that require specialized insurance coverage. RV
On September 9, 2024, the DOL, IRS, and HHS released a final rule for the Requirements Related to the Mental Health Parity and Addiction Equity Act (The “MHPAEA Final Rule”). The MHPAEA Final Rule is similar to the Proposed Rule
As a business owner, one of the biggest challenges is managing the rising costs of healthcare benefits while ensuring your employees receive the coverage they need. Healthcare affordability is a growing concern for employers, especially small businesses that may not
Imagine facing a medical emergency without insurance. It’s not just the stress of the illness or injury but the looming financial burden that could follow. With the cost of treatments skyrocketing and the prevalence of chronic diseases on the rise,
On October 22, 2024, the Internal Revenue Service (IRS) released Revenue Procedure 2024-40, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,300 for plan years beginning in 2025, an increase of $100 from 2024. Thus,
As a homeowner, unexpected accidents or damages can lead to costly insurance claims, potentially raising your premiums and causing stress. However, many common homeowner’s claims are preventable. With some proactive steps, you can avoid unnecessary headaches and protect your most
Executives drive a company’s strategic vision, manage risks, and steer it through growth and challenges. However, a significant gap exists in how these high-level leaders protect themselves against potential personal risks, specifically the risk of disability. Executive disability insurance is
As a notary public, your role in verifying and authenticating important documents is crucial. This responsibility carries potential legal risks, particularly if mistakes or accusations of misconduct arise during the notarization process. Understanding the significance of notary bond insurance is
Making the most of healthcare analytics is not just a trend—it’s a strategic necessity for organizations looking to optimize their employee benefits programs and overall healthcare strategies. By harnessing data-driven insights, companies can optimize their employee benefits programs, leading to
Establishing a safe workplace is a fundamental responsibility for any business. Not only does it protect employees from injuries and accidents, but it also fosters a culture of well-being that enhances productivity, reduces absenteeism, and boosts team morale. A safe
Your dream home isn’t just a place to live; it embodies your hard work and success. Regardless of your style, a sprawling waterfront estate, meticulously restored historic mansion, or custom-built architectural marvel, a high-value home deserves exceptional protection. Standard homeowners
