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Health & Welfare Plans Newsletter

April 20, 2022

4 New Job Opportunities 4 New Job Opportunities

 

[Guidance Overview]

CMS Releases 2023 Medicare Part D Benefit Parameters

"Increases in the standard benefit parameters range from approximately 5.0% to 5.2%. Plan sponsors that want to confirm that their prescription drug coverage is creditable or want to remain qualified for the employer retiree drug subsidy will have to determine if their 2023 prescription drug coverage is at least actuarially equivalent to the standard Medicare Part D coverage."  MORE >>

Buck

[Guidance Overview]

Ohio's Surprise Billing Law: Impact on Employer-Sponsored Health Plans

"While the Ohio Surprise Billing Law intends to shield insureds from surprise medical costs, health plans and insurers may end up paying these costs in some instances. These additional costs are expected, at least in large part, to be ultimately borne by employers through increased reimbursement rates and higher premiums."  MORE >>

Jackson Lewis P.C.

IRS Proposes Fix to ACA 'Family Glitch'

"[T]he proposed regulations could indirectly affect employer plan sponsors, for example, if an employee's family members who become newly eligible for subsidies under the proposed regulations decide to purchase ACA exchange coverage rather than enroll in employer-provided coverage. This type of 'split coverage' would result in multiple deductibles and maximum out-of-pocket limits for the family, thereby potentially increasing total out-of-pocket costs."  MORE >>

Willis Towers Watson

Are Health Care Cost-Controlling Tactics Impairing Employees' Health?

"When the design of employers' health benefit plans is chiefly driven by efforts to lower their costs, employees may suffer the consequences, according to opponents of stringent health care cost-containing measures. Health care utilization management (UM) tactics may be effective in controlling employers' spending, the critics say, but they are not as effective in controlling health care costs for employees and can create unintended barriers to treatment."  MORE >>

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

How HSAs Can Help Employees Plus Attract and Retain Top Talent

"While retirement accounts remain integral to an employee's overall financial picture, HSAs also represent a financial opportunity for employees and employers alike.... [1] Employees don't risk forfeiting unused HSA balances at year-end ... [2] Employees can change their contributions mid-year ... [3] HSA distributions can reimburse some insurance premiums ... [4] HSA balances can be invested ... [5] HSAs can pull double-duty as a great retirement account."  MORE >>

Voya

Continuing Voluntary Benefits During Unpaid Leave

"When the FMLA does not apply, and for benefits other than health coverage, the eligibility of an employee on unpaid leave will be governed by the plan documents (and any applicable insurance contracts), and should be administered in consistent, nondiscriminatory fashion.... An employer must tell an employee in advance and in writing about any requirements to make payments to keep health plan coverage during FMLA leave, and the terms and conditions required for making payment as well as the consequences of not making timely payments."  MORE >>

HR Daily Advisor

Employee Benefits Jobs

View job as Senior Retirement Analyst
          for Dunbar, Bender & Zapf, Inc. Senior Retirement Analyst

Dunbar, Bender & Zapf, Inc.

Remote / Pittsburgh PA

View job as Senior Retirement Analyst
          for Dunbar, Bender & Zapf, Inc.

View job as Plan Services Consultant II
          for CUNA Mutual Plan Services Consultant II

CUNA Mutual

Remote

View job as Plan Services Consultant II
          for CUNA Mutual

View job as Sr. Actuarial Analyst
          for Newport Sr. Actuarial Analyst

Newport

Chicago IL / Dallas TX

View job as Sr. Actuarial Analyst
          for Newport

View job as ESOP Analyst
          for Newport ESOP Analyst

Newport

Remote / MI

View job as ESOP Analyst
          for Newport

Press Releases

Diane Landi Promoted to Chief Operating Officer of the Angell Pension Group

The Angell Pension Group

National Bankers Community Alliance Partners with iGrad and the HBCU Community Development Action Coalition on Financial Wellness Pilot Program to Help Close Racial Wealth Gap

National Bankers Community Alliance [NBCA]

Ascensus Announces Key Hires in Government Savings Business

Ascensus

Naomi Fink Appointed as Chairperson and Kelly Hahn as Vice-Chairperson of EBRI's Retirement Security Research Center

EBRI [Employee Benefit Research Institute]

Webcasts and Conferences
(Health & Welfare Plans)

Navigating ACA Coverage and Reporting Requirements: Avoiding IRS Audits and Penalties, Best Practices

June 15, 2022 WEBCAST

Strafford

Last Issue's Most Popular Items

Text of Agency ACA FAQs, Part 53: Transparency in Coverage Machine-Readable Files

U.S. Department of Health and Human Services [HHS]; U.S. Department of Labor [DOL]; and U.S. Treasury Department

CAA 2021 Extends ERISA Section 408(b)(2) Fee Disclosures to Health Plans (PDF)

Boutwell Fay, via Journal of Pension Benefits

Surprise Billing Arbitration System for Out-of-Network Payment Disputes Goes Live

McDonald Hopkins

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

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