Daniel Bagliore's blog
Review Certificates of Insurance to Help Minimize Risk Liabilities
By Daniel Bagliore
Any site risk mitigation strategy should include a procedure to track and review Certificates of Insurance (COI). The appropriate site manager should ensure that a COI is collected from any vendor and contractor working on your site as well as any tenant with a renter’s insurance policy.
The COI is usually issued by an insurance broker on an Acord 25 (Certificate of Liability Insurance) form to confirm the existence of an insurance policy and relay some of its basic terms.
When to Count Nonprescription Drugs toward the Medical Expense Allowance
By Daniel Bagliore
When the head-of-household, spouse, or co-head is elderly (62 years of age or older) and/or disabled, the household is eligible for a medical expense allowance. When the household is eligible for the medical expense allowance, the out-of-pocket, unreimbursed expenses of all household members (except live-in aides) are included in the medical expense calculation.
Exhibit 5-3 of HUD Handbook 4350.3 identifies various allowable medical expenses, which include, among other things, prescription and nonprescription drugs.