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Health & Welfare Plans Newsletter

August 12, 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]
Newly Proposed HIPAA Regulations Contain Some Surprises
Excerpt: "At present, these new changes are only proposals. It's possible that the final regulations will change. Thus, you shouldn't make any changes quite yet. If you have any opinions on these proposed changes, the Department of Health and Human Services is taking comments until September 13, 2010."
(Warner Norcross & Judd LLP)

Companies Reorganizing Under Chapter 11 Battle with Former Employees over Lifetime Health Benefits
Excerpt: "Companies that go through the Chapter 11 process maintain 'they can simply no longer afford the costs to pay for retirees' health care and pensions' and they usually win when a fight brews over ending these contracts."
(Henry J. Kaiser Family Foundation)

State Health Care Reform Update as of August 12, 2010
Excerpt: "With the passage of federal health care reform, states will have increasing responsibilities in regard to employer-provided health insurance benefits."
(Wolters Kluwer)

Dealing with Medicare Part B and COBRA Coverage
Excerpt: "The Social Security law allows people to postpone enrollment in [Medicare] Part B without penalty only if, and for so long as, they have group health insurance coverage that is provided by an employer for whom they (or their spouses) are still working."
(Ford & Harrison LLP)




An employer writes:

"I have to tell you that of all the job boards I've ever used, this one has the best quality of candidates. I don't get flooded with tons of resumes, and even the candidates who aren't fit for the jobs we have don't miss the mark by much."


Benefits in General; Executive Compensation

Federal Workers Earning Double Their Private Counterparts
Excerpt: "Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row."
(USA TODAY)

[Opinion]
Say on Pay Under Dodd-Frank
Excerpt: "Section 951 of Dodd-Frank adds a new Section 14A to the Exchange Act, entitled 'Shareholder Approval of Executive Compensation,' which provides that, not less frequently than once every three years, a company's annual proxy statement must include a separate resolution subject to shareholder vote to approve the compensation of executives, as disclosed in the company's CD&A, the compensation tables, and any related material."
(Michael Melbinger via Winston & Strawn LLP)


Webcasts and Conferences

"The New Service Provider Fee Regs - The Wait Is Over" Web Seminar, An Encore Presentation
Nationwide on September 8, 2010
presented by SunGard Relius


Press Releases

PBGC Assumes Responsibility for Chicago Sun-Times Pension Plans
Pension Benefit Guaranty Corporation (PBGC)

US Department of Labor’s ERISA Advisory Council to Hold Meeting Aug. 31 to Sept. 2 and Solicits Nominations
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

RPAG Announces Newest Affiliated Member
Retirement Plan Advisory Group


Click to post your job on EmployeeBenefitsJobs.com

Newly Posted Employee Benefits Jobs

Valuation/Recordkeeper
for Trust Company of Illinois
in IL

Senior Actuarial Analyst
for USI Consulting Group, Inc.
in NY

Retirement Plan Administrator
for Third Party Administration Firm
in NJ

Plan Administrator
for Retirement Plan Services Company
in GA

Pension Plan Operations Representative
for Transamerica Retirement Services
in CA




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