Welfare Plans Edition
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July 19, 2000
3d Cir: Possible ERISA Violation for Not Telling Participants Severance Pay Program Had Terminated
Excerpt: "The Third Circuit U.S. Court of Appeals has ruled that J.C. Penney Company may have violated ERISA by failing to adequately notify participants that it had terminated a severance pay program. The ruling came in Lettrich, et al. v. J.C. Penney Company, Inc." (Spencernet)
3d Cir: Insurer That Both Pays, Administers Benefits Held To Higher Standard Of Review
Excerpt: "The Third Circuit U.S. Court of Appeals has ruled that an insurance company that both pays and administers benefits generally is acting under a conflict that warrants a higher form of the arbitrary and capricious standard of judicial review. The ruling came in Pinto v. Reliance Standard Life Insurance Company." (Spencernet)
Whither the Patients' Bill of Rights?
Excerpt: "Despite passage of a strong Patients' Bill of Rights in the House on October 7, 1999, and a conference committee charged with negotiating a compromise between the House bill and the weak bill that emerged from the Senate, Congress is no closer to passing real patients' bill of rights legislation." (Families USA)
Health Insurers Say They Will Work Together to Get Rid of Bad Reputation
Excerpt: "Facing a backlash from consumers and pressure from regulators, the nation's leading health insurers said Tuesday that they will work as an industry to eliminate the hassles that have given HMOs a bad name. For the first time, leaders of Aetna Inc., Cigna Corp. and 20 other insurers said they will work together to standardize paperwork and procedures." (Dallas Morning News)
HMOs Unveil Plans for Rebuilding Confidence in Managed Care
Excerpt: "A coalition of major health plans and industry trade groups on Tuesday lifted the veil on a hush-hush initiative aimed at alleviating physicians' and patients' frustration with managed care." (Medscape; free registration required)
(Following also appears in Retirement Plans Edition)
Welcome to new BenefitsLink advertiser Anne M. Wallace, Esq.
Anne Wallace is a New York based attorney with fifteen years of experience representing individual, corporate, and union clients (and providing advice to law firms without specialized in-house expertise) with respect to employee benefit matters, including pension and health plan issues, QDROs, fiduciary matters and employee benefits issues in corporate mergers and acquisitions. (BenefitsLink)
RCN Executive Pay Tied to Relative Stock Performance
Excerpt: "RCN Corp., which sells cable-television, telephone and Internet services, has adopted an executive compensation plan that rewards employees if the company's shares outperform the stock market." (Graef Crystal, on Bloomberg.com)
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