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Health & Welfare Plans Newsletter

July 26, 2021

3 New Job Opportunities


[Guidance Overview]

Alert (High Risk Issue) icon Chicago's New Paid Sick Leave Requirements Take Effect August 1

"[The amendment] solidifies the right to use Paid Secure Leave to comply with a quarantine, isolation or stay-at-home order issued by a public official, the local health department or a personal healthcare provider. The amendment also adds new qualifying reasons for Paid Secure Leave unrelated to COVID-19."  MORE >>

Michael Best

Open Enrollment Guide and Resources

"How can HR professionals best communicate with employees about their choices, when many workers are unfamiliar with the language and concepts of benefits offerings? What's the best way to help employees through open enrollment season?" [Includes glossary and collection of webcasts and articles specific to 2021 open enrollment.]  MORE >>

Society for Human Resource Management [SHRM]; membership may be required to view article

The Pandemic Made Telemedicine an Instant Hit But Patients and Providers Feel the Growing Pains

"Major health systems, clinics and private practices alike pivoted swiftly to telemedicine when the covid-19 pandemic forced the nation to shelter in place and patients could no longer safely venture into health care settings. But the video services were not equally prepared for the titanic influx in users[.]"  MORE >>

Kaiser Health News

Health Equity from an Actuarial Perspective: Health Plan Benefit Design (PDF)

"This paper discusses in more detail the questions that the Health Equity Work Group will explore regarding whether the methods of creating and valuing benefit designs contribute to health disparities among populations that are underserved or under-resourced, such as communities of color, or whether they might be helping to mitigate disparities. The questions outlined [in this paper] are applicable across markets, including the individual market, employer-sponsored coverage, Medicaid, and Medicare."  MORE >>

American Academy of Actuaries


ERIC and Mercer Response to EBSA RFI: Reporting on Pharmacy Benefits and Prescription Drug Costs (PDF)

"ERIC and Mercer request that the Departments consider issuing a delay for the Final Rule, in order to give employers time to negotiate and execute new contracts that will ensure they receive the required reporting information from all third-party vendors.... Plans and issuers will need at least 12 months to prepare the required data for submission to the Departments and [OPM].... Collecting data can be a daunting task for self-insured employers if they have carved out their pharmacy benefit to a PBM."  MORE >>

The ERISA Industry Committee [ERIC] and Mercer

Benefits in General

Aon and Willis Towers Watson Mutually Agree to Terminate Combination Agreement

"Aon plc and Willis Towers Watson announced today that the firms have agreed to terminate their business combination agreement and end litigation with the U.S. Department of Justice (DOJ). The proposed combination was first announced on March 9, 2020.... In connection with the termination of the business combination agreement, Aon will pay the $1 billion termination fee to Willis Towers Watson, Willis Towers Watson's proposed scheme of arrangement has now lapsed, and both organizations will move forward independently."  MORE >>


The True Worth of Employee Benefits

"Simply hiring one new employee costs more than $4,000.... [S]trong benefits packages can help companies avoid these issues. Eighty-nine percent of business owners with 50 or more employees say their benefits package boosts retention ... 58% of business owners in January 2021 said that employee benefits improve workforce productivity."  MORE >>

Principal Financial Group

Employee Benefits Jobs

View job as Enrolled Actuary or DB Administrator
for Cash Balance Actuaries, LLC Enrolled Actuary or DB Administrator

Cash Balance Actuaries, LLC


View job as Employee Benefits Attorney
for Barclay Damon Employee Benefits Attorney

Barclay Damon

Buffalo NY / Syracuse NY / Albany NY / New York NY / Rochester NY

View job as Actuary V
for Texas Pension Review Board Actuary V

Texas Pension Review Board


Press Releases

Lansing Business Owner Sentenced After Federal Investigation Finds They Failed to Forward Employee Contributions to Retirement Plan

Employee Benefits Security Administration [EBSA], U.S. Department of Labor

Last Issue's Most Popular Items

Guidance Reminds Health Plans to Check Up on Preventive Care Compliance

Jackson Walker

Surprise! Tri-Agencies Meet Deadline with First Set of Surprise Billing Rules, with More to Come

Groom Law Group

The No Surprises Act: Key Provisions for Employers (PDF)

VCG Consultants

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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