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Pharmacists Mutual Insurance Company Named a 2020 Property-Casualty Ward’s 50® Company

Algona, Iowa – July 16, 2020 – Aon plc, a leading global professional services firm providing a broad range of risk, retirement, human capital, and health solutions, has released the list of Ward’s 50® top-performing insurance companies for 2020, identifying U.S. companies that have achieved superior financial performance. Ward benchmarking is the leading operational and compensation benchmarking and best practices service for insurance companies.

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Annual Meeting Notice

As a member of Pharmacists Mutual Insurance Company, you are invited to the annual meeting on Wednesday, August 19, 2020, at 9:00 a.m. This meeting will be held virtually. If you are interested in attending the virtual meeting, please register at https://AnnualMeeting.phmic.com between July 20 and August 18, 2020, at noon. The agenda for this meeting is a report to members, the election of Directors to expiring terms, and other such matters as may properly come before the meeting, as specified in the Bylaws. Members may add business items to the agenda by written submissions to the Secretary at least 30 days prior to the meeting. If you are unable to be present, we encourage you to be represented by proxy by completing the online proxy form at https://apps.phmic.com/proxy/.

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RM Intel Alert: HB 2455

On Friday, June 5th, Illinois Governor J. B. Pritzker signed an omnibus labor bill that includes death benefits for first responders who were presumably infected with COVID-19 while on duty and workers’ compensation benefits for essential workers under certain conditions.

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COVID-19 Testing. Our pharmacists are covered.

Are you covered to order and administer COVID-19 tests to your patients? Yes, you are! Pharmacists are permitted to order and perform testing for COVID-19 pursuant to a declaration by the Secretary of Health and Human Services under the Public Readiness and Emergency Preparedness (PREP) Act. These activities are already included in the definition of Pharmacy Services in your professional liability policy from Pharmacists Mutual. There is no need to add anything to your policy in order to provide this essential service. Thank you for all that you have done and will do for your patients!

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Personal Auto Credit Pharmacists Mutual COVID-19 Relief

Pharmacists Mutual Insurance Company has been helping our members through difficult times for more than 110 years. Due to a reduction in travel caused by the COVID-19 pandemic, we are refunding approximately 15% of Pharmacists Mutual’s personal auto premium earned in April and May of this year. The refund will be offered as a one-time premium credit of $25 per auto to our personal auto policyholders. We are offering this assistance at a time when many of our members are working together to help “flatten the curve”.

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The Coronavirus Aid, Relief, and Economic Security Act

Congress recently passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27, 2020.  The Act contains a multitude of provisions on a number of different topics.  Pharmacists Mutual is providing this summary to help you implement the requirements under the Act.  Since every business has unique circumstances, this Alert is for general information and is not intended to provide legal or tax advice.  Due to the complexities of the law, members are encouraged to contact their attorney and/or tax advisor for specific advice on requirements and limitations of the provisions.

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Inform: Families First Coronavirus Response Act

Congress recently passed and President Trump signed the Families First Coronavirus Response Act (HR 6201), which becomes effective April 1, 2020 and continues through December 31, 2020.  Pharmacists Mutual is providing this alert to its members to help you implement the requirements under the act.

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Indy Health Incorporated Partners with Pharmacists Mutual Insurance Company for Independent Pharmacy Owned Medicare D Plan

Columbus, OH – March 19, 2020 Indy Health Inc. has partnered with Pharmacists Mutual Insurance Company to provide support for independent pharmacies and their patients.  Indy Health Inc. has formed Indy Health Insurance Company, which will provide a Medicare Part D prescription drug plan designed to be friendly to independent pharmacies and patients.  Indy Health Insurance Company is a transparent Medicare D plan that offers better reimbursements to independent pharmacies along with no DIR fees.  The plan will also provide enhanced patient care and compliance while lowering drug plan costs to consumers.

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