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The BenefitsLink Newsletter -
Welfare Plans Edition
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July 24, 2001 - 6,231 subscribers
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Upcoming Live Webcast of Senate Hearing on Use of Genetic Information by Employers and Health Plans
Live, beginning at 9:30 a.m. (ET) on Wednesday, July 25th. U.S. Senate Health, Education, Labor and Pensions Committee. Excerpt: "This full committee hearing will examine genetics research issues and non-discrimination in health insurance and employment." (KaiserNetwork.org)

Analysis: Title VII Prohibits Exclusion of Prescription Contraceptives from Prescription Coverage
Excerpt: "Failure to cover prescription contraceptives under a health plan that provides generally comprehensive prescription coverage violates Title VII of the Civil Rights Act of 1964, as amended by the Pregnancy Discrimination Act, according to the June 12, 2001 opinion issued by the United States District Court for the Western District of Washington." (Groom Law Group)

Some Firms Make Deals With Loyal Layoff Victims
Excerpt: "Forgo a severance package and receive instead a third of one's salary, all benefits and stock-option awards for a year. The catch? Takers must work for that year at a nonprofit group already associated with Cisco.... Even as many cash-strapped companies slash their work forces, some are worrying about severing ties with their best people, whom they hope to lure back once corporate fortunes rebound." (CareerJournal.com)

Republicans Seek Votes Against Bipartisan Patients' Rights Bill
Excerpt: "As the House moves toward a confrontation this week over managed health care, senior House Republican aides said today that Republicans did not yet have the votes to defeat a bipartisan patients' bill of rights favored by Democrats and opposed by President Bush." (New York Times; free registration required)

A New Model for Controlling Health-Care Costs
Excerpt: "Consumer in the same phrase as health care? Right up there with jumbo shrimp on your list of favorite oxymorons? Perhaps it shouldn't be. Perhaps putting the consumer in the driver's seat is exactly what our health-care system needs." (Workforce)

Opinion: First, Do No Harm (re Patients' Rights Bill)
Excerpt: "Provisions allowing patients an unrestricted private right of action and up to $5 million in punitive damages could open 56,000 new lawsuits per year at a cost of $16.3 billion, according to a study by the Employment Policy Foundation.... Yet the lawsuits are minor compared to the bill's heartstopping regulatory regime." (Washington Times)

Playing the Odds on Long-Term Care
Excerpt: "LTC insurance doesn't come cheap. And although it's a smart move for many people, for others it may be a waste of money. Here's what you need to know before you buy." (Money.com)

(Following items also appear in Retirement Plans Edition)


Symantec Provides Free Program to Clean "Sircam" Virus from Infected Computers
I received almost 20 emails containing a new 'worm' virus from almost 10 different senders yesterday. It's in the email's attachment, which will have a strange double suffix (e.g., 'Harris.doc.exe'). The virus is spread by email from infected Windows users' computers, and there's a chance it could fill up your hard drive with meaningless text. Symantec has a free downloadable file that can be run on an infected computer in order to clean out the virus. (Symantec)

Analysis: Pension and Employee Benefit Provisions of EGTRRA
Nice table; for each issue the table includes a summary of current law and a summary of the change created by the new law. (Groom Law Group)




Newly Posted or Renewed Job Openings (Post Yours!)
Quality Control Document Specialist for SunAmerica Financial
in CO
Systems Analyst (Benefits) for May, McGiboney & Associates, Inc.
in GA
Assistant Director, Flex Benefits for North Shore-LIJ Health System
in NY
401k Sales Support/Internal Wholesaler for National Retirement Services Institution in Denver
in CO
Senior Compensation Representative for North Shore-LIJ Health System
in NY



Newly Posted Press Releases
AFS Brokerage, Inc. Joins with 401kExchange! (401kExchange.com)
CNA Trust introduces online trading for self directed brokerage participants (L & A Marketing and Advertising for CNA Trust)

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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.