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Health & Welfare Plans Newsletter

August 10, 2010

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No matter how benefits-savvy your employees may be, today’s health care environment can confuse the most sophisticated consumer. That’s why companies large and small use BeneCom for their benefits communication. We know benefits and we understand what employees need to know to make them work – for themselves and for you. And while we’re at it, we make your life a little easier, too.

For more information visit our site or call (860) 674-2626, Ext. 2001

[Guidance Overview]
Agency Regulations on Preventive Care under the Affordable Care Act
Excerpt: "Plan sponsors that have lost their grandfathered status -- or that are contemplating plan design changes that might have that impact -- should work with their insurers and plan administrators to determine what additional services will have to be covered."
(The Segal Group, Inc.)

Avoidable Medical Errors Cost $19.5 Billion Annually
Excerpt: "A new study commissioned by the Society of Actuaries looks at the cost of avoidable medical mistakes and quantifies the economic impact of such mistakes as $19.5 billion annually."
(Healthcare Town Hall via Milliman)

DOL Withdraws Proposed Rule on Definition of Welfare Benefit Plan
Excerpt: "In the announcement, EBSA states that the regulation was submitted to the OMB before the Patient Protection and Affordable Care Act . . . was enacted, and was intended to address issues related to state health care efforts and their effect on the maintenance of ERISA-covered welfare plans."
(Hewitt Associates)

HHS Withdraws HIPAA Security Rules
Excerpt: "The Department of Health and Human Services . . . has announced the withdrawal of its interim final regulations addressing security notification for breaches of information that involve protected health information . . . subject to [HIPAA]."
(Wolters Kluwer)

Companies Help Employees Provide End-of-Life Care
Excerpt: "Pitney Bowes is among several companies now reaching out to employees who are caring for a loved one with a terminal illness. It's offering employee support -- like financial and legal resources, counseling on hospice and palliative care, and flexible working arrangements."
(Morning Edition via National Public Radio)

Federal Government Does Not Have Right to Implement Universal Health Care, Says Virginia Attorney
Excerpt: "In response to CCH's question regarding whether or not various states that have filed suit against the federal government in an attempt to have the PPACA declared unconstitutional have a legitimate claim, Mr. Emord responded, 'The States have a case."
(Wolters Kluwer)

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Benefits in General; Executive Compensation

[Guidance Overview]
Dodd-Frank Executive Compensation, Corporate Governance and Regulation D Action Items
Excerpt: "[A] chart identifies the new executive compensation and corporate governance topics addressed in the Dodd-Frank Act, notes which topic may apply to your company, and when it becomes applicable."
(Briggs and Morgan, Professional Association)

Employee Benefits in the United States, March 2009: Tables Organized by Ownership
Types of Ownership: Civilian (includes private industry and State and local government establishments); Private industry (excludes agricultural establishments, private households, and the self-employed); and, State and local government (excludes federal employees).
(U.S. Bureau of Labor Statistics)

Employee Benefits in the United States, March 2009: Tables Organized by Benefit
Types of Benefits: Retirement Benefits; Health Care Benefits; Life, Short-term Disability, and Long-term Disability Insurance Benefits; Holiday, Vacation, Sick, and Other Leave Benefits; Other Benefits; and, Establishment Data.
(U.S. Bureau of Labor Statistics)

The Latest on Medicare and Social Security
Excerpt: "According to the reports, the date of insolvency for Medicare's hospital fund was pushed back, from 2017 to 2029, because of cost-saving measures in health reform. As for Social Security, without any changes, it will be able to pay full benefits until 2037 and partial benefits after that, the same estimate as in last year's report, despite temporary setbacks from the recession."
(The New York Times; free registration required)

Press Releases

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Newly Posted Employee Benefits Jobs

Conversion Specialist
for PAi (Plan Administrators, inc.)

Retirement Plan Communication Associate
for John Hancock Financial Services
in IL

Senior Manager - Global Benefits & Compliance
for Walmart Stores, Inc
in AR

Secretary/Administrative Assistant
for Jennings Law Firm, Ltd. / Dana Consulting Group, Ltd.
in IL

401(k) Regional Sales Manager-Metropolitan Chicago Area
for Major National 401(k) Provider
in IL

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