February 25, 2005 Today's sponsor: Hay Group, Inc. Free Hay Group Web Seminar on Medicare Part D Are you ready for the changes taking place later this year? Let Hay Group's actuarial consultants help you decide how best to take advantage of the Medicare Part D prescription drug program. Register today for a free 1-hour web seminar, which explains, in plain English, if your retiree plan qualifies for the federal subsidy, what your options are, and how much you can expect to save. Deadlines are rapidly approaching. For more information go to: http://www.haygroup.com/expertise/commitment/medicare_part_d.asp (Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor) Overview: The HIPAA Security Rule: Questions and Answers for Employer Group Health Plans Excerpt: "[P]rivacy is only one part of a larger suite of 'administrative simplification' rules. Administrative simplification refers, of course, to the streamlining of the U.S. health care system with a focus in the adoption of uniform standards for the electronic storage and transmission of medical records. Set out in this Advisory, in question and answer format, is a primer for employers concerning their compliance with the HIPAA security rule." (Mintz Levin Cohn Ferris Glovsky and Popeo P.C.) American Views on Pres.cription Drugs and the Pharmaceutical Industry Excerpt: "This Featured Topic uses current and historical public opinion data from the Kaiser Family Foundation and other polling organizations to examine the public's attitudes towards pres.cription drugs and pharmaceutical companies." (Kaiser Family Foundation) Insurance Incentives Might Help Smokers Quit, Study Says Excerpt: "Health insurance that pays the full cost of smoking-cessation treatments can increase quit rates, compared to benefit plans that pick up only part of the tab or that offer no cessation benefits at all, according to a new review of studies." (Medical News Today) Links to Items on Executive Comp, Benefits in General Do Benefits Affect Turnover? It Depends on How They're Communicated Excerpt: "Offering rich benefits won't be effective at reducing turnover if employers don't do a good job of communicating the value of the benefits, according to Watson Wyatt." (Workforce Management) A.I.G.'s Lucrative and Unusual Ties to Affiliate Are Examined in Lawsuit Brought by Pension Fund Excerpt: "The American International Group is a complex galaxy of insurance and investment units, some with financial workings only dimly visible. Now, one obscure body in that universe, C. V. Starr & Company Inc., is attracting scrutiny over its dealings with A.I.G. Starr, a private holding company owned by A.I.G.'s top executives and managers, sells specialized insurance policies with A.I.G.'s name on them. Its partners reap lucrative benefits from their Starr stakes." (The New York Times; one-time registration required) Newly Posted Events 2005 PenServ Academy Nationwide on May 3, 2005 presented by PenServ, Inc. Last Minute HIPAA Security: The Eleventh Hour Nationwide on March 3, 2005 presented by International Foundation of Employee Benefit Plans Web Seminar on Medicare Part D for Plan Sponsors Nationwide on March 3, 2005 presented by Hay Group Web Seminar on Medicare Part D for Plan Sponsors Nationwide on March 8, 2005 presented by Hay Group Web Seminar on Medicare Part D for Plan Sponsors Nationwide on March 15, 2005 presented by Hay Group Web Seminar on Medicare Part D for Plan Sponsors Nationwide on March 23, 2005 presented by Hay Group Newly Posted Press Releases PBGC Seeks Comment On Proposed Rule Under ERISA Section 4062(e) (Pension Benefit Guaranty Corporation (PBGC)) Blue Cross Blue Shield of Vermont Chooses Newkirk Enrollment Publishing System (Newkirk Products, Inc.) Newly Posted or Renewed Job Openings
Relius Administration Trainer for SunGard Corbel in FL Defined Contribution Plan Administrator for Industry leader in benefits administration and record keeping in PA Institutional Trust & Custody Relationship Manager for U.S. Bank in MN Quality Assurance Analyst for Pyramid Digital Solutions in AL Technical Product Support Specialist for Pyramid Digital Solutions in AL Benefits Administrator for IBEW Local 82 Employee Benefit Funds in OH Pension Education Consultant for Diversified Investment Advisors in AZ, CA, TX Handy Links:
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