| The BenefitsLink Newsletter - Welfare Plans Edition |  |
October 29, 2001 - 6,491 subscribers
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Senate Democrats Seek to Revise House-Passed Bill to Include COBRA Subsidies for Laid-Off Workers
Excerpt: "A major dividing point is health care coverage. Many Democrats want to provide a temporary $17 billion federal match of between 50 percent and 75 percent for coverage under the federal COBRA law, which allows laid-off workers to continue their employer-provided insurance if they pay premiums out of their own pockets." (Associated Press via Nando Times)
Cover My Pills
Excerpt: "Add contraceptives to the list of benefits that employer-sponsored health-care plans must provide, says a federal court." (PLANSPONSOR.com; free registration required)
Opinion: American Health System Reform, Circa 2001-2002
Excerpt: "The movement was designed to squeeze out the system's many existing inefficiencies, actually turn healthcare inflation around, and at the same time make a lot of money for the owners, investors, and highest level workers, while theoretically providing improved quality of care and prevention of disease. As it turns out, some of that actually did happen." (Medscape; free registration required)
Opinion: Does Managed Care Need to Be Replaced?
Excerpt: "If managed care means organizations that combine health insurance and healthcare competing on price and quality to serve informed consumers with the primary goal of enhancing health, managed care is over in most of the country. In fact, it barely got started." (Medscape; free registration required)
Ninth Circuit Adopts "Mailbox Rule" for Plan Participant's Mail to Administrator
Excerpt: "In Schikore v. BankAmerica Supplemental Retirement Plan ... the Ninth Circuit adopted the 'mailbox rule' for mailings by ERISA plan participants -- i.e., if a participant provides some proof of mailing (e.g., a sworn statement) then the plan is presumed to have received the mailed form or other document." (McCalla Thompson)
Designing the Perfect Benefits Package
Excerpt: "What is your corporate benefits and compensation philosophy? What kind of employee are you trying to attract? What kind of profit margins do you expect? How competitive is your business? What kind of culture are you trying to drive? Are you trying to have a culture with security, longevity, and career employees with opportunities to grow from within, or are you trying to create more of an entrepreneurial culture?" (PLANSPONSOR.com; free registration required)
Announcement 2001-112, Redesignation of Estimated Income Tax Payments
Because of economic disruptions resulting from the September 11 terrorist attacka, some taxpayers who made estimated income tax payments now believe their tax liability for their current taxable year will be lower than the sum of the estimated tax payments they have already made. The IRS will permit the redesignation of estimated income tax payments as tax deposits to satisfy obligations to deposit employment taxes and withheld income taxes. (Internal Revenue Service (converted to Web page by Calhoun Law Group, P.C.))
Newly Posted or Renewed Job Openings (Post Yours!)
| Qualified Retirement Plans Manager | for Arthur Andersen, Human Capital Consulting in IL, MO, TX |
| Employee Benefits Attorney | for Warner Norcross & Judd LLP in MI |
| Qualified Plan Administrator | for Campbells Administration Inc. in CA |
| Plan Consultant/Administrator | for Central Florida TPA in FL |
Newly Posted Webcasts (Post Yours!)
| Special Series! Economy Under Siege: Roadmap to Value Recovery - Topic 2 - Action Not Reaction! HR Strategies for Today and Tomorrow | on November 8, 2001 presented by Ernst & Young, LLP |
Newly Posted Press Releases
| SYLINQ Unveils Integrated, Web-based Premium Billing System (SYLINQ Corporation) |
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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.
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