| The BenefitsLink Newsletter - Welfare Plans Edition |   |
June 28, 2002 - 6,490 subscribers
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New Guidance On Medicare Coverage For Injectable Drugs; Possibly Helpful for Self-Insured Plans
Excerpt: "Sponsors of self-funded health plans that cover injectable drugs may find the guidance helpful in determining which injectables should be covered." (The Segal Company)
NBC 'Nightly News' Examines Health Insurance Coverage for Women
Excerpt: "The New York State Legislature this month passed a bill (S 5626) requiring private health plans to cover certain women's health services, part of a nationwide trend to rectify what some see as 'inequality in women's health care coverage,' NBC 'Nightly News' reports." (KaiserNetwork.org)
Closely Divided House Approves GOP Medicare Bill
Excerpt: "In what would be the 'largest expansion of Medicare since its creation in 1965,' the House early on June 28 voted to pass a GOP-backed $350 billion Medicare reform bill (HR 4954) that includes a prescription drug benefit, the New York Times reports." (KaiserNetwork.org)
Strict Compliance With Plan Language to Trigger Running of Plan-Imposed Limitations Period
Mogck v. UNUM Life Ins. Co. of America (9th Cir. 2002). Excerpt: "Several circuits have enforced a plan-imposed limitations periods like this one, provided that the time period is reasonable. Although the Ninth Circuit did not have to reach the issue, it implied that if the insurer had been more clear in its communications, the plan's limitations period would have been enforced." (EBIA Weekly)
Overview: IRS Issues Guidance on Defined Contribution Health Plans (PDF)
Excerpt: "On June 26, 2002, the Internal Revenue Service issued guidance on these plans (IRS Notice 2002-45 and Rev. Rul. 2002-41) which explicitly permits the carry forward of unused amounts to later years and treats both contributions paid by the employer and benefits received by participants under the plans as excludable from participants' gross income under Code sections 105 and 106. The IRS calls the arrangements 'employer-provided health reimbursement arrangements,' or 'HRAs.'" (Sutherland Asbill & Brennan LLP)
Links to Items on Executive Comp, Benefits in General
(These items appear in both editions of the BenefitsLink Newsletter)
Survey Finds Discrepancy Between Employers' and Employees' Perception of Access To Online Benefits
Excerpt: "While over half of all employers believe their employees can access work related benefits services online, only one in five employees believe they can manage their benefits online, according to a new survey by employee benefits provider CIGNA." (iHealthBeat.com; free registration required)
Newly Posted or Renewed Job Openings -
| Senior 401(K) Plan Administrator | for Seeking Senior Plan Administrator in Baltimore in MD |
| PEO Specialist | for Transamerica in CA |
| PEO Unit Manager | for Transamerica in CA |
| Health and Welfare Benefits Consultant | for Leading Benefits Software Company in CA, CT, MA, NY, VA |
| Relationship Manager | for ABN AMRO Asset Management in IL |
| Attorney - Benefits and Compensation | for PricewaterhouseCoopers in PA |
| Defined Benefit Plan Administrator | for Alliance Benefit Group/401k Plus, Inc. in TX |
| Pension Administrator | for Gelman Pension Consulting, Inc. in NY |
Newly Posted Conferences (Post Yours!)
| 403(b)/457 Plan Workshop - Last Chance This Year! | in DC, IL, MN, NY, PA, WI on July 10, 2002 presented by SunGard Corbel |
| Fundamentals of Qualified Plans (3-day program) 4 Locations; July | in CO, MI, OH, TX on July 10, 2002 presented by SunGard Corbel |
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