There are new temporary rules for Flexible Spending Accounts (FSAs). President Trump signed the Consolidated Appropriations Act of 2021 into law on December 27, 2020. The Act provides temporary special rules for health and dependent care flexible spending accounts (FSAs)…
In May 2019, the Michigan legislature passed – and the Governor signed – Public Acts 21 and 22 of 2019. These Acts were the first comprehensive Michigan No-Fault Auto Insurance coverage changes of any substance in 40 years. The Acts…
Most people assume cyberattacks only happen to large companies, but today’s cybercriminals increasingly target individual households. With more devices, online accounts, and digital conveniences than ever before, the average home now has more cyber exposure than some small businesses. This…
While many people are familiar with the basics of ransomware, the details of this threat, like all aspects of cybersecurity, are constantly evolving. As new developments unfold, it’s crucial to stay updated on the latest tools, tactics, and procedures used…
The annual Medicare Part D disclosure notices have a deadline of October 15, 2020. Highlights of the Annual Medicare Part D Notices Medicare Part D imposes disclosure requirements on employers with group health plans that provide prescription drug coverage to…
What is Medical Loss Ratio (MLR)? Medical Loss Ratio (MLR) is the percent of premiums an insurance company spends on member care, claims, and administrative expenses that improve health care quality. What is the Medical Loss Ratio (MLR) rebate? The…
If you have a homeowners insurance policy, you’re covered for a lot of things. However, it’s important to know that your policy doesn’t cover everything. While home insurance is designed to protect you from the unexpected, understanding the limits of…
This is hands-down the most common question we get at Mason-McBride. We understand how frustrating rising auto insurance rates are — we have to pay the premiums too! Even good drivers are victims of getting their annual premiums raised. There…
As risk advisors, we all at Mason-McBride see a considerable challenge for today’s businesses: managing their risk environment effectively. We notice that organizations need to keep pace with ever-changing workplace scenarios. It isn’t easy! Plus, it’s a never-ending proposition for…
As your college students come home for the holidays or travel during their school break, you may think they are covered under your Michigan auto insurance policy. After all, they are a family member. But perhaps you haven’t given it…