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Health & Welfare Plans Newsletter
July 13, 2021
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► 7 New Job Opportunities
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[Guidance Overview]
Group Health Plan Sponsors Are Getting Serious About Pricing Transparency
"While third parties can implement many of the pricing transparency measures, plan fiduciaries must ultimately ensure compliance. As compliance deadlines for new pricing transparency requirements for group health plans draw near, plan sponsors will need to use the second half of 2021 to prepare.... [T]he No Surprises Act includes a myriad of transparency and disclosure requirements that take effect in 2021 and 2022. Plan sponsors will need to work closely with service providers and issuers to ensure that group health plans are well-positioned to comply. " MORE >>
Akerman
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[Guidance Overview]
IRS Releases Draft Form 1095-C for 2021 with Minimal Changes
"While many employers are settling into the annual reporting requirement, there are still many employers who are falling short of the required guidelines and are being penalized. [This article discusses] the changes made to the 2021 Form 1095-C." MORE >>
Accord
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New Surprise Billing Rule Increases Transparency
"The rule establishes time frames for initial payment/notice of denial (within 30 days of a bill being submitted), making a final benefit determination and payment (with 30 days of initial response), payment negotiations and initiating the independent dispute resolution process.... Plan sponsors will have until plan years beginning on or after January 1, 2022 to make sure that their plans comply with these new rules[.]" MORE >>
Corporate Synergies
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A Primer on Employer-Sponsored Family Building Benefits
"For many employees, so-called 'family building' benefits, such as group health coverage for in vitro fertilization treatment, adoption assistance, or reimbursement of surrogacy expenses, are just as or more important than compensation, retirement, or standard health benefits. At the same time, employers are reviewing family building benefit programs with an eye to whether such programs would help them meet their equitable workplace goals." MORE >>
Proskauer
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Benefits in General |
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Implementing the 3-2-1 Backup Rule for Your Plan
"While [multifactor authentication] is an offensive tactic that safeguards data from hackers with more complex security measures, an efficient backup plan is your first line of defense should they gain access to your data.... The rules of the 3-2-1 backup strategy are straightforward: Consistently maintain 'three' or more distinctive copies of all system data. Retain 'two' copies of your backup data on different devices and separate storage media. Store 'one' backup copy offsite." MORE >>
Euclid Specialty Managers
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1 in 3 Employees Has Picked Up Bad Cybersecurity Habits Since Working Remotely
"[Y]ounger employees are most likely to admit they cut cybersecurity corners, with over half (51%) of 16-24 year olds and almost half (46%) of 25-34 year olds reporting they've used security workarounds.... Over one quarter of employees admit they made cybersecurity mistakes -- some of which compromised company security -- while working from home that they say no one will ever know about." MORE >>
Voya
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Employee Benefits Jobs |
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Press Releases |
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Lockton Adds Industry-Leading Talent in Philadelphia
Lockton
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The Society of Actuaries Announces ASA Curriculum Changes, Micro-Credentials and Affiliate Membership
Society of Actuaries
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Benefit Plans Administrative Services Expands in Midwest
BPAS
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ICMA-RC is now MissionSquare Retirement
MissionSquare Retirement
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OneDigital Acquires First Choice Benefits, Inc.
OneDigital
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Webcasts and Conferences (Health & Welfare Plans) |
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True FMLA Stories from Recent Court Opinions
September 14, 2021 WEBCAST
Disability Management Employer Coalition [DMEC]
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Last Issue's Most Popular Items |
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New Surprise Billing Rules Require Significant Effort by Healthcare Plans and Their Claim Payers
Lockton
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Washington State Long Term Care Program: Employers Must Collect Employee Premiums Starting in January
Littler
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Qualified Transportation Plans: An Overview for Employers (PDF)
VCG Consultants
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Copyright 2021 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.
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