The BenefitsLink Newsletter -
Welfare Plans Edition January 31, 2001 Today's sponsor is EmployeeBenefitsJobs.com (click on banner for more information) Alternative Insurance Solutions to Financing Long-term Care Available during week of January 31 only. Excerpt: "Obtaining long-term care insurance is usually the best approach when an individual wants the option to obtain home health care rather than enter a nursing home or wants to avoid having to impoverish a spouse to obtain Medicaid. The following discussion focuses on single-premium life/long-term care policies." (Practitioners Publishing Company) PWBA Delays Until March 27 Effective Date Of QMCSO Rules Excerpt: "The Department of Labor's Pension and Welfare Benefits Administration (PWBA) has published a notice announcing that the agency has delayed from January 26 until March 27 the effective date of the recently issued final regulations regarding qualified medical child support orders (QMCSOs)." (Spencernet) Wisconsin Companies Pay Signing Bonuses to New Recruits Excerpt: "Such perks aren't just for those at the top anymore. Faced with a tight job market, some companies are opening the purse strings to fill critical needs. The right job applicant -- even at entry level -- can land incentive money." (Knight Ridder/Tribune) Some Workers Call Job Perks for Parents Unfair Excerpt: "The issue has stirred debates in workplaces across the country, picking up steam last year with the publication of a book called The Baby Boon: How Family-Friendly America Cheats the Childless." (Florida Times-Union) How to Address Substance Abuse Problems in the Workplace Excerpt: "Neglecting to act upon the signs and symptoms of a substance abuser can turn a supervisor into an enabler... Employers should take preventive measures, and monitor employee performance on a regular basis. Most importantly, employers should address symptoms of chemical dependence as a performance issue." (CFO.com) In Dot-Com Crash, Severance Parachutes Are Scare Excerpt: "As layoff tolls rise and dot-coms struggle to stay afloat, formerly pampered employees find themselves fighting to collect basics such as cell-phone expenses and severance pay." (Washington Post) Senate Version of Tennessee HMO Liability Bill Called Most Likely To Pass Excerpt: "State senators have proposed a bill to allow patients to sue their HMOs if they are harmed by a denial of medical treatment. But before patients go to court, they must exhaust other administrative appeal procedures through the insurance company and the state." (KnoxNews.com) Democrats Counter With Alternative Prescription Drug Plan Excerpt: "Seven congressional Democrats unveiled a Medicare prescription drug benefit plan that’s liberal compared with the short-term assistance program proposed by President Bush." (Modern Healthcare) Lawmakers Unenthusiastic About Bush Drug Plan Excerpt: "The first health bill that President Bush sent to Congress-- the 'immediate helping hand' proposal for a block grant to states to help seniors with low-income or catastrophic drug costs pay for their medicines-- is not receiving a warm welcome on Capitol Hill." (Medscape; free registration required) Report Card on Medicaid Managed Care Is Mixed Excerpt: "Washington, D.C. - Medicaid managed care's ability to deliver more affordable, higher quality care for America's most vulnerable citizens has resulted in mixed successes, according to health policy researchers gathered at a conference here." (Reuters, via Excite! News) (Following also appears in Retirement Plans Edition) SEC Proposes Rule On Options Excerpt: "As the use of equity compensation, particularly in the form of stock options, increases, so too have concerns about their impact. As a result, companies may soon have to disclose all information about employee stock options. The US Securities and Exchange Commission has proposed a rule that will require companies to include all option disclosures in a registrant’s proxy statement or annual report." (CFO.com) Baxter Execs' Pay At Risk Under Stock Options Plan Excerpt: "Saying it wants to better align executive pay with performance, Baxter is asking senior managers to trade in restricted shares for stock options that carry more risk. The restricted shares are considered a safer bet, because they retain some value even if Baxter's stock price declines. The options, however, are worth money only if Baxter shares rise above a specified price." (Chicago Tribune)
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