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February 23, 2012 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Senior Pension Benefits Analyst
for Stratus Technology Services in CT, MA, NH, NJ, NY, PA, RI

Vested Interest Project Leader
for PNC in PA

Compliance Director
for United Benefit Advisors in IN

Qualified Plan Administrator
for Trust Company of America in CO

IRT Relationship Manager 3
for Wells Fargo in SC

Pension Administrator - DC/401(k)
for Stephen H. Rosen & Associates, Inc. in NJ

Director, Disbursement Operations
for Prudential in PA

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Webcasts and Conferences

401(k) Service Provider Fee Disclosures: Get Ready for Compliance by July 2012
Nationwide on March 22, 2012 presented by Thomson Reuters / EBIA

41st Annual Retirement and Benefits Management Seminar
in North Carolina on April 26, 2012 presented by CAPTRUST Financial Advisors

Cafeteria Plan Election Changes: A Seminar Based on Your Scenarios
Nationwide on February 16, 2012 presented by Thomson Reuters / EBIA

Health Benefits Laws Compliance Assistance Seminar
in Illinois on May 15, 2012 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Health Savings Accounts
Nationwide on March 22, 2012 presented by Lorman Education Services

The ERISA and Securities Litigation Snapshot: Things You Can Do Now to Minimize CFO and Board Liability
Nationwide on March 7, 2012 presented by F T I Consulting

Voluntary Fiduciary Correction Program Webinar
Nationwide on March 28, 2012 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Weight Loss At the Workplace: Legal Issues For Employers Seeking To Reduce Health Care Costs
Nationwide on March 1, 2012 presented by Lorman Education Services


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[Guidance Overview]
HHS's Additional Guidance on Determining Essential Health Benefits
"While a plan must offer coverage substantially equal in both scope and benefits to that provided by the benchmark plan, 'any scope and duration limitations in a plan would be subject to review pursuant to statutory prohibitions on discrimination in benefit design.'" (Littler)


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[Guidance Overview]
Worker's Suspension Might Have Violated FMLA
"The one-day suspension a state worker received for taking time off to see his dying mother may have violated [FMLA], a federal appeals court has ruled in overturning a lower court dismissing the case." (Business Insurance; free registration required)

[Guidance Overview]
Agencies' Guidance on Automatic Enrollment, Employer Mandate, and Waiting Periods
"This interim guidance may be helpful to employers that are trying to project the financial effect that some of the ACA provisions will have on them in 2014 and beyond. However, because the FAQs are not binding and employers cannot rely on them, additional guidance will be necessary before employers can confirm their final strategies for compliance." (Spencer Fane)

[Guidance Overview]
Final Summary of Benefits and Coverage (SBC) Rules Issued
"What actions are needed? Plan Sponsors need to: 1. Develop an SBC for each benefit package, 2. Determine which participant communication packages will include the SBC(s), and 3. Decide the implementation date for each communication package." (Cheiron)

[Guidance Overview]
HHS FAQs Provide Additional Guidance on Essential Health Benefits under Health Care Reform
"The FAQs address, among other things, the process for updating EHBs in benchmark plans, defraying costs of state-mandated benefits required by states, supplementing benchmark plans, the scope and duration limits included in the EHB, dollar limits on EHBs, coverage of certain preventive health services, parity requirements under the Mental Health Parity and Addiction Equity Act (MHPAEA) and timing for selecting benchmark plans." (Practical Law Company)

Health Benefits Required for Same-S.ex Wife of California Federal Worker
A San Francisco federal judge ruled on Wednesday that the U.S. government cannot deny health benefits to the wife of a les.bian federal court employee based on the 1996 federal law that bars government recognition of same-s.ex unions. (The Washington Post; free registration required)

Out-of-Network Claims in Commercial Insurance (PDF)
"Many health plans allow members to receive covered services from providers who are not part of the plan's contracted network." (Milliman)

How to Manage Pharmacy Benefits Plans Part 4: Specialty Drugs, the New Major Cost Driver
"Pharmacy benefits plans are increasingly under cost pressures from biotechnological drugs—new specialty drugs for the treatment of chronic diseases—that in the next 3 years could account for almost half of an employer's annual health care plan costs." (Buck Consultants)

Can Massachusetts Lead the Way on Controlling Health Costs?
"Employers in Massachusetts routinely complain about health insurance costs rising ... faster than inflation. But not so much lately. As of April 1, base insurance rates approved ... for small businesses will increase, on average, 1.8 percent.... So is health care inflation tamed in the state? We put this question and a few others to four economists: MIT's Jonathan Gruber ..., Harvard University's David Cutler ..., Stuart Altman of Brandeis University ... and Meredith Rosenthal (at the Harvard School of Public Health)." (Kaiser Health News)

Survey: Health Insurance Industry Has Worst Customer Service
"When it comes to customer service, health insurance companies rank dead last. In a survey rating 206 companies across 18 industries, U.S. consumers gave the health insurance industry the lowest scores[.]" (FierceHealthPayer)

Health Insurance Coverage for Low-Wage Workers, 1979–2010 and Beyond (PDF)
"In 2010, over 38 percent of low-wage workers lacked health insurance from any source, up from 16 percent in 1979. The biggest reason for the decline in coverage is the erosion of employer-provided health insurance, either through a worker's own employer or as a dependent on another family member's employer-provided policy." (Center for Economic and Policy Research)

Health Plans in Michigan Get Creative with Pharmacy Benefits Management
"Michigan health plans are coming up with creative ways to manage their pharmacy benefits ... 'With clinical guidelines being encouraged by health plans, the pharma.ceutical industry will see opportunities to advocate for their drugs to be used in treatment plans[.]'" (HealthLeaders-InterStudy)

Aetna to Provide Coverage for Hispanic Businesses
"The United States Hispanic Chamber of Commerce is partnering with Aetna to give Hispanic-owned businesses and their employees access to individual health care plans." (BenefitsPro)

[Opinion]
17% of Low-Wage Workers Will Remain Uninsured Under ACA
"Conservatives who oppose health care reform often argue that being uninsured is a consequence of the individual's own personal irresponsibility. Those individuals merely need to shape up and go out and get a job, and then they would have health insurance. The conservatives lose their credibility on this point when the actual data show that 38 percent of low-wage workers, who do go out and get a job, lack health insurance from any source." (Physicians for a National Health Program)

[Opinion]
ERIC Urges Congress to Extend and Expand Retiree Health Benefits Paid for with Overfunded Pensions
"ERIC on February 21 urged House Ways and Means Committee Chairman Dave Camp and Ranking Member Sander Levin to continue allowing companies to make transfers from overfunded pension plans to pay for retiree health care and to expand current law to include retiree life insurance." (ERISA Industry Committee)

[Opinion]
Pennsylvania Leaders Discuss ObamaCare's Failure to Address Health Care Challenges
"[S]tate and business leaders testified that increasing health care costs impose burdens on employers, restricting their ability to create new jobs. Additionally, they discussed ways the 2010 health care reform law has exacerbated the health care challenges facing Pennsylvania workers and employers." (U.S. House of Representatives - Education and the Workforce Committee)

Benefits in General; Executive Compensation

2011–2012 Regulatory Agendas for Employee Benefits Published by Treasury and DOL (PDF)
"Projects added since the previously published agendas are shown in bold [on the chart in the article]. There are two new DOL initiatives and no new Treasury initiatives." (Sutherland)

Press Releases



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