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BenefitsLink Health & Welfare Plans Newsletter

January 17, 2012 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Health & Welfare Consulting Actuary
for Milliman in NY

Director, Actuarial - Financial Modeling, Annuities
for Prudential in NJ

VP, Capital Markets Hedging
for Prudential in NJ

Associate Actuary, Capital & Earnings Team - Annuities
for Prudential in NJ

Pension Administrator
for Western & Southern Financial Group in OH

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Webcasts and Conferences

Coping with Employee Stress: Innovations and Best Practices Seminar
in Massachusetts on February 2, 2012 presented by New England Employee Benefits Council

DOL Update
in Florida on January 25, 2012 presented by ASPPA Benefits Council of Central Florida


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[Guidance Overview]
Health & Welfare Plan Reporting and Disclosure Checklist (PDF)
"There are numerous reporting and disclosure requirements for Health & Welfare Plans. We have expanded and replace our previous chart containing only disclosure requirements to include reporting requirements." (ERISAdiagnostics, Inc.)


Need to advertise your benefits' value? Try benefit statements!   [Advert.]

Sponsored by Benecom Associates, LLC

Ad campaigns are expensive, but BeneCom's benefit statements are an economical promotional tool you can use to “advertise” the value of your benefits – value that's often ignored. So, discover BeneCom's impact on your benefits, not your budget!


[Guidance Overview]
HHS Regulations Adopt Standards for HIPAA Electronic Funds Transfers
"[HHS] issued interim final regulations addressing standards for electronic funds transfers (EFTs) applicable to health care claims payments transmitted by health plans to health care providers." (Practical Law Company)

States File Brief in Support of Health Care Reform Law
"[The California Attorney General] has filed a friend-of-the-court brief in the U.S. Supreme Court supporting the constitutionality of federal health care reform and urging the high court to uphold the law. [Joined by 12 other attorneys general, he] argued in the brief that the Constitution gives Congress broad powers to regulate interstate commerce, including individual conduct that substantially affects interstate commerce." (PLANSPONSOR.COM)

Programs for Helping Children and Adolescents Achieve and Maintain a Healthier Weight
"As one of the many outgrowths of the sweeping federal health care law, health insurers and employers must now pay the cost of screening children for obesity and providing them with appropriate counseling." (The New York Times; free registration required)

Just 3 in 10 New York City Retail Workers Receive Health Insurance Through Their Jobs
"The study, based on interviews with nonunion workers and released on Monday, largely found poverty wages and highly unstable schedules for the city's retail employees . . . ." (The New York Times; free registration required)


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

Sponsored by World Congress

As employers struggle with increasing health care costs, rising premiums and instability in the market, explore creative approaches to financing benefits that deliver new opportunities to drive real savings. February 7-9, Washington, DC


The Do-It-Yourself Health Savings Account
"[A two-part health-savings program, consisting of FSA assets plus additional assets held outside the FSA, probably makes sense for most participants in traditional health-care plans. Such a two-part plan would work as follows. Part 1: Flexible Spending Account: Fund an FSA with an amount that you think, with some degree of certainty, you'll be able to use on health-care expenses in the year ahead. Part 2: Supplemental Health-Care Account: Create a separate pool of liquid assets to cover any additional out-of-pocket costs that arise once you've exhausted your FSA funds." (Morningstar, Inc.)

States Will Spend Less Than 2% of Tobacco-Tax and Tobacco-Settlement Billions on Anti-Smoking Programs this Year
"The 2010 federal health law expanded coverage for smoking cessation, though not to the degree that advocates wanted. Under the law, states must provide free tobacco-cessation coverage for all pregnant women in their Medicaid programs. But anti-smoking activists would like broader Medicaid coverage requirements: Although 19% of adults smoke overall, 31% of those living below the poverty line are smokers." (Los Angeles Times)

IRS Issues 2011 Versions of Publications on Medical and Dental Expenses and on Child and Dependent Care Expenses
"Pub. 502 provides valuable guidance on what qualifies as a medical expense under Code § 213(d), and thus, helps identify the expenses that may be reimbursed or paid by health FSAs, HSAs, or HRAs." (Thomson Reuters/EBIA)

Insured Americans Have Healthier Lifestyles Than Uninsured
"People with health insurance are less likely to smoke and more likely to exercise regularly and eat a healthy diet than those without insurance, according to Gallup Poll data released in December 2011." (American Medical Association)

Benefits in General; Executive Compensation

Increasing Retirement Ages Would Reduce Federal Spending, Limit Health Care Benefits
"The Congressional Budget Office released on Jan. 11 an issue brief describing the effect of increases in the eligibility ages for Social Security and Medicare. The CBO found that raising the Medicare eligibility age or the early or full eligibility age for Social Security would reduce federal spending and limit the number of people with access to health insurance." (AdvisorOne)

Press Releases



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