(If this message looks garbled to you or if the headlines in this message don't connect you to Web pages when you click on them, please request the "plain text" version of this newsletter (Welfare Plans Edition) by emailing your request to publisher Dave Baker at davebaker@benefitslink.com)
The BenefitsLink Newsletter -
Welfare Plans Edition


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August 8, 2000

Cafeteria Plan Election Changes
Excerpt: "On March 22, 2000, the IRS released [regulations on when participants can change their elections under a cafeteria plan for accident and health plan coverage and for group-term life insurance in] final form and also issued proposed regulations on when changes in elections may be made in other situations not addressed in the final regulations (e.g., changes for dependent care assistance programs)." (Corbel)

Patients' Rights Bill: The Political Stall in Congress
Excerpt: "When Congress returns in September, they will have only a month remaining in the session before they adjourn for campaigning in early October. With their work on the budget seriously behind schedule, they will have little time to attempt to pass any other significant legislation." (DrKoop.com)

(Following also appears in Retirement Plans Edition)

How to Add Employee Benefits Headlines to Your Web Site-- Free
Choose from over three dozen employee benefits topics, which are collected and published each day by BenefitsLink. We get a little logo and link at the end of each headlines page-- you get fresh, topical content to incorporate into your company's Web site. Example HTML files are provided. It's easier than you think! (BenefitsLink)

Former Employees Refuse to Give Up Stock Options
Excerpt: "Employees who get terminated from a company before they exercise their stock options are often required to relinquish them. But many former employees are saying, 'Not so fast,' and are unwilling to give up the gift they received from the same company that is now showing them the door. Increasingly, these spurned employees are taking their cases to court." (Knight-Ridder / Tribune Business News)

The Tangled Web of Stock Option Grants
Excerpt: "Britain's rule-making Accounting Standard Board has proposed that U.K. companies charge the estimated present value of stock options against earnings-- a bold move by accountants that could wipe out the profits of some companies altogether." (Graef Crystal, on Bloomberg.com)


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