Today's sponsor is Employee Benefits Institute of America (EBIA) (Click on company name or banner to learn more.)
New Jersey Enacts Paid Family Leave Requirement on Employers Excerpt: "New Jersey Gov. Jon Corzine (D) said his near-fatal car accident last year changed the way he thought about several state policy priorities. Paid family leave was one of them." (StateLine.org) Rising Health Care Costs Lead Workers to Delay Retirement Excerpt: "Older men who expect high health care costs for themselves or their spouses after age 65 retire about 13 months later than those who expect low costs. The difference for women is 12 months. For those receiving health insurance from their employers, continued work reduces the risk of high out-of-pocket health care costs. Working longer also increases retirement incomes, making health care costs more affordable." (Urban Institute) Biologic Therapy Management: The Need For Value-Based Health Benefits Models (PDF) 48 pages. Excerpt: "The emergence of biologic therapies [also known as biopharma.ceuticals and specialty drugs] is straining traditional models of health insurance and health care financing . . . . For payers and purchasers, the cost of biologics is provoking benefit design changes that include significant cost shifting to patients and attempts to control or limit the cost of these therapeutics to the plan or plan sponsor." (Managed Care) Towers Perrin U.S. Legislative Tracking Chart — Human Resources (PDF) Excerpt: "These charts summarize selected federal legislation that would affect employer benefit programs. The bills included on the charts are based on judgments regarding the prominence of the issue, the likelihood of enactment, and the influence of the sponsors." (Towers Perrin) Towers Perrin U.S. Legislative Tracking Chart — Health and Welfare (PDF) Excerpt: "These charts summarize selected federal legislation that would affect employer benefit programs. The bills included on the charts are based on judgments regarding the prominence of the issue, the likelihood of enactment, and the influence of the sponsors." (Towers Perrin) [Opinion] Building Blocks for Reform: Achieving Universal Coverage with Private and Public Group Health Insurance Excerpt: "In their study, 'Building Blocks for Reform: Achieving Universal Coverage with Private and Public Group Health Insurance' (Health Affairs, May/June 2008), The Commonwealth Fund's Cathy Schoen, Karen Davis, and Sara R. Collins present a new health reform framework, built on the current U.S. mixed private–public system, that 'provides a pathway to universal coverage with a minimal increase in total national spending and relatively modest net federal budget costs.'" (The Commonwealth Fund) Sponsored by: ALM (Click on company name or banner to learn more.)
Links to Items on Executive Comp, Benefits in General [Guidance Overview] Worker Misclassification Investigations Gain Momentum Excerpt: "Undoubtedly, some industries are both more prone to misclassify workers and more vulnerable to challenge due to the nature of the work involved. Construction, transportation and even the medical profession have proven at risk on the issue." (Attorney Roy F Harmon III in the Health Plan Law blog) Newly Posted Events 401(k) Fee Disclosure and Pending Governmental Mandates Seminar in Idaho on June 4, 2008 presented by The ERISA Law Group, P.A. An Employer's Guide to Medicare in Minnesota on June 5, 2008 presented by Employers Association, Inc. COBRA II: Administration in Minnesota on June 3, 2008 presented by Employers Association, Inc. Continuation Coverage: COBRA and the Minnesota Continuation Law in Minnesota on May 29, 2008 presented by Employers Association, Inc. ERISA Fiduciary Responsibility Update for Plan Fiduciaries, Employers & Administrators - Webcast Nationwide on June 3, 2008 presented by ALI-ABA (American Law Institute-American Bar Association) Newly Posted Press Releases U.S. Labor Department Secures Retirement Plan Assets for Employees of Former Michigan Air Control Distributing Company in Grand Rapids, Michigan U.S. Department of Labor, Employee Benefits Security Administration (EBSA) New York Life Retirement Plan Services Appoints New Southeast VP of Sales New York Life Investment Management New Operations VP at Strategic HR Strategic HR Paperless FSA Administration Benefit Concepts Newly Posted or Renewed Job Openings
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