Welfare Plans Edition
November 2, 2000
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Dropping Dependents Without Proper Notice Can Be Costly
Excerpt: "Employers often receive requests from an employee to drop the employee’s spouse and/or dependents from group health coverage. A recent case, Phillips v. Saratoga Harness Racing, Inc., 103 F.Supp. 2d 127 (N.D.N.Y.), illustrates both the right and wrong responses an employer should make when receiving such requests." (Employee Benefit News)
Dot Coms Don't Have Monopoly on Quirky Perks
Excerpt: "Here are a few trendlets that could pop up in an office near you:" (U.S. News)
Many Flex Schedules Are Informal Arrangements
Excerpt: "According to a recent study of 1,000 U.S. employers by Hewitt Associates, 57 percent offer flexible scheduling. And a recent study by Thomas M. Beers, an economist for the government's Bureau of Labor Statistics, found that 25 percent of all U.S. workers can vary their schedules-- and that many of those schedules ... are informal." (Knight Ridder/Tribune, via International Foundation of Employee Benefit Plans)
Intense Lobbying, Mistrust Between GOP, Democrats Doom Patients' Bill of Rights
(Los Angeles Times)
Prudential Launches Web-Based Long Term Care Learning Center
(Yahoo! Finance)
HMOs Are Endangered Institutions, Weiss Says
Excerpt: "Seventy-eight HMOs nationwide are 'very weak' financially, and 11 do not meet capital-level guidelines suggested by the National Association of Insurance Commissioners (NAIC), according to a Weiss Ratings survey examining HMOs' financial data from the first quarter of 2000." (insure.com)
(Following also appears in Retirement Plans Edition)
New issue online of the Pension & Benefits Update email newsletter by Tax Analysts: 11/1/2000
Highlights: Attorney's fees denied in pension plan's wrongful levy suit; ERISA prohibits relief for misinformed beneficiary's tax losses; pensions are bankruptcy property only for tax claims, IRS agrees; grandchild is designated beneficiary of IRA interest paid to trust; determination letters for payment option elimination amendments now available; substituting successor employer in VEBA won't result in inurement pension plan covering other denominations' ministers is a church plan. (Tax Analysts, Inc.--see www.taxbase.org)
| RETIREMENT PLAN ADMINISTRATOR | for HOWARD SIMON & ASSOCIATES, INC. in IL |
| Human Resource Counsel | for Paralyzed Veterans of America in DC |
| Project Manager/Operations Analyst | for ADP - Automatic Data Processing in IL |
| Project Director, Integrated Benefits Services | for Join one of America's Fastest Growing Privately Held Financial Services Firms in KY |
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