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December 15, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Data Control Specialist
for National Retirement Services, Inc. in NC

Senior Advisor, US Benefits, Health and Welfare
for ConocoPhillips in OK

Senior Advisor, Retirement and Savings
for ConocoPhillips in OK

Senior Pension Analyst DB / DC
for Boyce & Associates, Inc. in AZ

Vice President, Tax Exempt Investment Only Sales
for Prudential in CT

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[Guidance Overview]
2012 Assessments under the New York Health Care Reform Act
"Covered lives assessments under the New York Health Care Reform Act (HCRA) that are determined by county of residence will be higher in 2012 than in 2011 for both individuals and families in all eight State regions." (The Segal Group, Inc.)


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[Guidance Overview]
'Race' to Submit Final ERRP Requests Begins
"CMS notes that it will pay future reimbursement requests 'in the order in which [they] were received,' so employers have a strong incentive to submit future reimbursement requests as soon as possible." (Quarles & Brady LLP)

[Guidance Overview]
ERISA Regs, Conflict of Interest, and Assessing Mental Disabilities and Capabilities
"A New Jersey telecommunications worker became depressed and anxious and went out on medical leave late in 2004. His employer provided 26 weeks' short-term disability, and he then applied for long-term disability benefits. He received them for a year, but the plan then required reapplication, and he and the plan administrator have been wrangling ever since." (Business & Legal Reports, Inc.)

[Guidance Overview]
IRS Releases 2011 Version of Publication 521 on Moving Expenses
"Code section 132(g) allows employers to reimburse employees for certain moving expenses on a tax-free basis, so long as the expenses would have qualified for an individual tax deduction under Code section 217 and the accountable plan rules are met." (Thomson Reuters/EBIA)

PTO Programs One Way to Provide Employees with Adequate Leave While Cutting Down on Absenteeism and Costs
"The benefits of the program, according to survey respondents, include reduced unscheduled absenteeism and administrative burden, improved morale, cost savings and a competitive advantage in the job market." (Governing)


Self-Funding and Alternative Models for Health Benefit Financing   [Advert.]

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Changes in Health Insurance Coverage in the Great Recession, 2007-2010
"The paper finds that the number of uninsured grew substantially during the first recession of the decade, increasing by 5 mil.lion people from 2000 to 2004; increased more slowly during the brief recovery, growing by 2.1 mil.lion people from 2004 to 2007; and then again rose significantly during the Great Recession, rising by 5.7 mil.lion people since 2007." (The Henry J. Kaiser Family Foundation)

New Law Bans Mail-Order Drug Mandates in New York
"The bill barred insurers or employers from forcing patients to use mail-order plans for prescription drugs, except for plans negotiated by unions." (The New York Times; free registration required)

Lawmakers Offer Bipartisan Plan to Overhaul Medicare
"A Democratic senator, Ron Wyden of Oregon, and a Republican member of the House, Paul D. Ryan of Wisconsin, unveiled a bipartisan plan on Wednesday to revamp Medicare and make a fixed federal contribution to the cost of coverage for each beneficiary." (The New York Times; free registration required)

Sitting Down Less Is a Low Cost Wellness Tactic for the Workplace
"For many Americans, starting an exercise program can be daunting for many reasons. Here are some cheap and easy ideas to test out at your organization that are not exercise per se: Have standing meetings; Talk to IT about programing pop-up messages to your employees every hour to get up, walk around a bit or do a chair exercise. How about the James Brown video popping up for 15 seconds? (It works for Netflix — the people in their distribution centers take 5 minutes every hour to do basic stretches and physical activity. It's programmed into their workstations.)" (WGA InsureBlog)

Illustrating Health Reform: How Health Insurance Coverage Will Work
"Click on the YouToon characters and Main Street businesses to view their illustrative profiles and learn how the Affordable Care Act will affect their coverage." (The Henry J. Kaiser Family Foundation)

Health Care Law Has Given Companies New Reason to Cut Back on Retiree Health Benefit Offerings
"The major health reform legislation passed by Congress in 2010 . . . imposes new taxes on certain retiree medical plans, including those providing particularly generous benefits. These new tax restrictions provide an opportune time to revisit retiree medical benefits and how they are structured." (CFO Publishing LLC)

Five States Gain, Five States Denied Waivers from Loss Ratio Requirements
"Through November, CCIIO has issued waivers to Iowa, Kentucky, Maine, New Hampshire, and Nevada. Waiver requests have been denied to Georgia (partial denial), Delaware, Indiana, Louisiana, and North Dakota." (Wolters Kluwer Law & Business / CCH)

Employers Tackle the Costs of Smoking
"Companies can either reduce benefits or do what they can to change lifestyle choices that result in higher medical costs. The health care costs for an average smoker is $1,600 more a year than the average non-smoker, which is 18 percent more expensive for employers." (The Shawnee News-Star)

How Health Incentive Accounts Can Help Reduce Spending and Improve Employee Health
"A suite of next-generation, consumer-directed health plans powered by a health incentive account represents a cost-effective solution for directly addressing the rising cost of health care for employers while focusing on the health and productivity of employees." (Smart Business Network Inc.)

Abilene, Texas, Entities Say Paid Maternity Leave Rare, but Options Are Available
"A recent Census Bureau analysis indicated 51 percent of first-time mothers in 2006-08 took paid leave, up from 37 percent in 1981-85, though most Abilene businesses and entities interviewed Monday said they use guidelines established by the Family and Medical Leave Act of 1993." (Abilene Reporter-News)

[Opinion]
HHS Has Final Call on Which Benefits Must Be Covered Under Health Care Law
"By opting for a specific and robust essential benefits package, the administration risks picking yet another fight with Republican governors and business groups. But if it provides the generous leeway demanded by the law's opponents, it risks upsetting a Democratic base that pushed for health reform to offer comprehensive insurance coverage to the nation's uninsured." (POLITICO LLC)

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