August 16, 2016
Many companies use Standby Letters of Credit to secure financial obligations that are incidental to their business. Surety Bonds offer unique advantages as compared to bank Letters of Credit. The Fedeli Group has a wide array of surety markets and the experienced personnel to handle the replacement of Letters of Credit with Surety Bonds as security for your financial obligations.
Financial Obligations Secured With Letters of Credit
Letter of Credit Replacement
Advantages of Surety Bonds vs. Letters of Credit
If you would like to discuss how The Fedeli Group can design a surety bond program for your organization, please contact Kevin Keller at (216) 643-6978 or email@example.com.
October 20, 2022
On October 18, 2022, the Internal Revenue Service (IRS) released Revenue Procedure 2022-38, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,050 for plan years beginning in 2023, an increase of $200 from 2022. Thus, for health FSAs with a carryover feature, the maximum carryover amount is $610 (20% of the $3,050 salary […]
August 14, 2018
The Affordable Care Act (ACA) requires insurers who plan on modifying plan premiums to submit their rates to either the state or federal government for review. This applies to plans included on state and federal healthcare insurance exchanges. The rate review process is designed to improve insurer accountability and transparency. It ensures experts are evaluating whether the proposed rate […]