ArticleNACD Survey Shows Big Gap In Understanding Of Cyber Risks, Particularly In HealthcareCyber risk has become a key regulatory concern for companies in the wake of several high-profile breaches. United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleNearly Half Of Healthcare IT Leaders Unprepared For Cyber AttacksIn view of recent highly publicized cyber attacks and the resulting financial, regulatory and reputational risks, healthcare organizations should be highly focused on cyber security. United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleNew $840 Million HHS Initiative Aims To Improve Patient Care, Reduce CostsOn October 23, the U.S. Department of Health & Human Services (HHS) announced a four-year, $840 million initiative to incentivize medical providers "to rethink and redesign their practices." United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleNew "Doc Fix" Agreement Reached; ICD-10 To Be Delayed AgainAt a press conference on March 26, House Speaker John Boehner (R-OH) stated that a deal has been reached in Congress to delay cuts in payments to Medicare providers until March 31, 2015. United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleNew DOJ Policy Focuses On Individual CulpabilityOn September 9, the U.S. Department of Justice (DOJ) announced new guidelines holding corporate employees, including executives, accountable for corporate wrongdoing.United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleNew Rule Adjusts Special Enrollment Periods And Some CO-OP ProvisionsOn May 6, the Centers for Medicare & Medicaid Services (CMS) released an interim final rule, to be officially published on May 11, that revises the rules on two aspects of the Affordable Care Act: special enrollment periods (SEPs) and Consumer Operated and Oriented Plans (CO-OPs). United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleNJ Governor Signs Legislation Requiring Health Insurers To Encrypt Personal InformationOn January 9, New Jersey Governor Chris Christie signed legislation that will require health insurance carriers in the state to encrypt their customers’ personal information.United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleOCR Signals its Concern with Business AssociatesThe U.S. Department of Health and Human Services' Office for Civil Rights (OCR) has lately been broadcasting its increased attention to, and concern about, HIPAA business associates on a monthly basis. United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleOIG Fraud Alert Warns About Physician Compensation ArrangementsOn June 9, the Office of Inspector General of the U.S. Department of Health and Human Services issued a fraud alert regarding the risk of liability to physicians arising out of legitimate compensation arrangements...United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticlePhase 2 Of OCR HIPAA Audits BeginsThe long-awaited "Phase 2 HIPAA Audits" by the U.S. Department of Health and Human Services' Office for Civil Rights (OCR) have begun!United StatesFood, Drugs, Healthcare, Life SciencesDay Pitney LLP
ArticleAIG Drops Pollution Legal Liability Coverage For Environmental ConditionsWhile there are other carriers who underwrite Pollution Legal Liability (PLL) coverage, in the context of its restructuring initiative, AIG has decided that it will no longer be offering PLL policies.United StatesInsuranceDay Pitney LLP
ArticleNAIC Adopts Revised Model Act With Significant Implications For HMOsThe next step in the process will be for states to decide whether to adopt the revised NAIC Model Act, which may be an uphill battle in states with high HMO penetration.United StatesInsuranceDay Pitney LLP
ArticleNew York Enacting New Regulations That May Cramp Personal Auto WritersThe New York Department of Financial Services enacted new regulations this week that are aimed to prevent discrimination in auto insurance based upon education or employment. United StatesInsuranceDay Pitney LLP
ArticlePermit Extension Act Extended in Superstorm Sandy CountiesOn June 30, Gov. Christie signed legislation extending the Permit Extension Act for an additional year in those counties most impacted by Superstorm Sandy.United StatesReal Estate and ConstructionDay Pitney LLP
Article2016 Inflation AdjustmentsFor 2016, the annual exclusion amount for gifts remains at $14,000. The estate, gift and GST tax exemption amount for estates of decedents dying in 2016 and gifts made in 2016 is increased to $5.45 million. United StatesTaxDay Pitney LLP
ArticleElection Update: Should Charitably-Inclined Clients Consider Accelerating Their Charitable Giving?Donors planning their year-end charitable giving may want to consider the potential impact of President-elect Donald Trump's tax plan on the income tax charitable deduction.United StatesTaxDay Pitney LLP
ArticleIRS Bars Attempts To Circumvent $10,000 Cap On Salt DeductionsIn response, the IRS released final regulations on June 11 designed to prohibit taxpayers from circumventing this type of SALT limitation.United StatesTaxDay Pitney LLP
ArticleIRS Blesses Lifetime Gifts To Loved OnesThis is good news, which removes a concern some had raised about making larger gifts now.United StatesTaxDay Pitney LLP
ArticleU.S. Tax Planning For Non-U.S. Persons And Trusts: An Introductory OutlineNew York Individual Clients partner Warren Whitaker recently released the 2016 edition of U.S. Tax Planning for Non-U.S. Persons and Trusts: An Introductory Outline.United StatesTaxDay Pitney LLP
ArticleCybersecurity For Family OfficesThe article examines the substantial risks of cyberattacks that family offices and their clients face.United StatesWealth ManagementDay Pitney LLP