The BenefitsLink Newsletter -
Welfare Plans Edition
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July 26, 2000
Litigating Your Own ERISA Claim 'Pro Se' (Without a Lawyer)
Excerpt: "You only want do this if there's absolutely no alternative!" (Health Administration Responsibility Project)
HMOs Will Drop Almost 1 Million Medicare Recipients Next Year
Excerpt: "Close to 1 million elderly and disabled Americans will be jettisoned by HMOs as they pull out of the Medicare program this year, the Clinton administration said Monday. The figure is more than 220,000 higher than the HMO industry estimated just two weeks ago." (DrKoop.com)
(Following also appears in Retirement Plans Edition)
New and Free! Post Your Company's Press Releases Here, About Employee Benefits Products or Services
Get the word out fast by using our easy online form to add your company's employee benefits-related press release on the Employee Benefits Press Releases page on BenefitsLink. There is no charge! You can even link to your company's logo. (Note: this free page is only for use by companies providing services or products to employee benefit plans.) (BenefitsLink)
Treasury Department Launching Web Portal To Collect Payments
Excerpt: "The U.S. Treasury Department on Tuesday unveiled a new Internet portal aimed at making it easier for citizens and companies to do everything from paying for a camping license to paying fines. The new initiative, called Pay.gov, to be launched in the fall, will offer access to federal agencies around the clock. Capable of processing any of the 80 million federal transactions currently handled, the system will cut collection costs and eliminate paper processing ..." (The Standard)
2d Cir: Plan Was "Top Hat" Even Including 15% of Bank's Workforce
Demery v. Extebank Deferred Compensation Plan. Excerpt: "This approval of an executive group constituting 15.34% of the bank's workforce pushes the percentage test about as far as a court has been willing to go." (Magner Financial Network)
After All Wang's Millions, Computer Associates Shareholders Get Index Fund-Type Investment Return
Excerpt: "How much would you be willing to pay an S&P 500 Index fund manager? Would you pay him almost $800 million over seven years for simply duplicating the returns on the index, a job that could be handled by a reasonably bright child?" (Graef Crystal, on Bloomberg.com)
Welcome to new BenefitsLink advertiser VeriSource Services, Inc.
VeriSource Services, Inc. offers employer groups a variety of custom designed ASP outsourcing services. These include Automated Enrollments, full service COBRA administration, Retiree Billing services and/or General Recordkeeping Services including monthly premium statement calculations. VeriSource Services is a viable alternative to licensing and maintaining a separate software system for benefit enrollment data collection, storage and distribution. (BenefitsLink.com)
Welcome to new BenefitsLink advertiser Palmer & Cay Consulting Group
Palmer & Cay offers clients the opportunity to access one of the most sophisticated employee benefit and financial service operations in the Southeast. Their staff of 300 benefit professionals represent the interests of the region's largest employers. The major insurance markets recognize their associates as leaders within the benefits industry. Visit www.palmercay.com to see why they are ranked as one of the nation's leading professional services firms. (BenefitsLink.com)
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