BenefitsLink.com logo
EmployeeBenefitsJobs.com logo

Health & Welfare Plans Newsletter

May 17, 2022

12 New Job Opportunities 12 New Job Opportunities

 

[Guidance Overview]

Colorado Issues First Round of Regs and Guidance on Its Paid Family and Medical Leave Insurance Program

"In 2020, Colorado enacted a statewide paid family and medical leave insurance program ... While employees cannot take FAMLI benefits until 2024, premiums are due under the program starting January 1, 2023.... The FAMLI benefit is designed to run concurrently with FMLA.... While participation in the FAMLI program is mandatory for private employers, local government employers may choose to opt out of the FAMLI program."  MORE >>

Littler

Exceptional Usefulness and Quality icon Health Plan Considerations in the Wake of Dobbs v. Jackson Women's Health Organization

"[P]lan sponsors should review their plan documents to assess current coverage and discuss potential coverage options with ERISA counsel and with vendors (including insurers, stop-loss carriers and administrators, as applicable) ... [P]lan sponsors and administrators should ... familiarize themselves with the applicability of relevant state laws, the availability of ERISA preemption, and the unique risks and opportunities that their plans may face."  MORE >>

Davis & Gilbert LLP

Prices Paid to Hospitals by Private Health Plans: Findings from Round 4 of an Employer-Led Transparency Initiative

"Some states ... had relative prices below 175 percent of Medicare prices, while other states ... had relative prices that were at or above 310 percent of Medicare prices. In 2020, across all hospital inpatient and outpatient services (including both facility and related professional charges), employers and private insurers paid 224 percent of what Medicare would have paid for the same services at the same facilities."  MORE >>

RAND Corporation

State Healthcare Cost Control Reforms and ERISA Preemption

"States recently passed an array of reforms, mostly targeting prescription drug costs, provider reimbursement, consumer protection, data collection on health care spending, and insurance coverage.... While recent Supreme Court precedents limit ERISA preemption's application, the law still poses an obstacle to state cost-control reforms -- whether ambitious or modest."  MORE >>

The Commonwealth Fund

States Take on Insurers' Delays in Approving Prescribed Treatments

"Beginning in June 2023, health plans [in Michigan] will have to act on non-urgent prior authorization requests in nine calendar days and on urgent requests in 72 hours. In 2024, the time frame for non-urgent requests will shrink to seven days.... At least a dozen states have passed broad reforms ... Others have passed narrower laws that target the process or certain types of medical care or drugs. However, state laws don't protect most patients because they are in so-called self-funded plans, in which the employer pays claims directly rather than buying insurance for that purpose."  MORE >>

Kaiser Health News

Budgetary Effects of Lowering Medicare Eligibility Age to 60

"CBO and JCT estimate that lowering the age of Medicare eligibility to 60 would increase federal budget deficits by $155 billion over the 2026-2031 period through the effects of that policy on federal revenues and mandatory spending. Enacting the policy would have a significant effect on primary sources of health insurance coverage, and it would increase the number of people insured."  MORE >>

Congressional Budget Office [CBO]

Third Circuit: ACA Individual Mandate Penalties Are Entitled to Priority Under the Bankruptcy Code

"The IRS [asserted] that the debtors owed more than $900 for failing to maintain health insurance coverage in violation of the ACA's individual mandate during 2018. The IRS characterized the payment as an excise tax that was entitled to priority under the Bankruptcy Code.... [T]he Third Circuit held that the individual mandate payment was a tax on or measured by income ... for bankruptcy purposes.... [T]he court relied primarily on a six-factor test under Third Circuit precedent for determining whether a payment is a tax." [In re Szczyporski, No. 21-1858 (3d Cir. May 11, 2022))  MORE >>

Thomson Reuters Practical Law

Benefits in General

65-Year-Old Couple Retiring Today Will Need an Average of $315,000 for Medical Expenses

"[A] 65-year-old couple retiring this year can expect to spend an average of $315,000 in health care and medical expenses throughout retirement. The 2022 estimate for single retirees is $150,000 for men and $165,000 for women.... This year's estimate is up 5% from 2021 ($300,000) and has nearly doubled from its original $160,000 in 2002."  MORE >>

Fidelity

Americans Dangerously Out of Touch with Retirement Healthcare Costs

"Nearly six-in-10 (57%) Baby Boomer (ages 58-76 years old) respondents incorrectly think a person can elect to enroll in Medicare at age 62 and receive reduced benefits.... More than four-in-10 Baby Boomer respondents (41%) ... incorrectly ... assume there are out-of-pocket limits for Medicare Coverage.... Among Baby Boomer respondents, 40% ... incorrectly ... think Medicare will pay for them to stay in a nursing home when they can no longer take of themselves (e.g. feed/dress/bathe)."  MORE >>

401(k) Specialist

Employee Benefits Jobs

View job as Fund Reconciliation and Reorg Analyst
          for Ubiquity Retirement + Savings Fund Reconciliation and Reorg Analyst

Ubiquity Retirement + Savings

Remote / San Francisco CA

View job as Fund Reconciliation and Reorg Analyst
          for Ubiquity Retirement + Savings

View job as Retirement Plan Administrator
          for Retirement Solutions Specialists, LLC Retirement Plan Administrator

Retirement Solutions Specialists, LLC

Remote / Jacksonville FL

View job as Retirement Plan Administrator
          for Retirement Solutions Specialists, LLC

View job as Director, Retirement Plan Services
          for Definiti LLC Director, Retirement Plan Services

Definiti LLC

Remote

View job as Director, Retirement Plan Services
          for Definiti LLC

View job as Consulting Actuary - Mid-size Plan Market
          for Definiti LLC Consulting Actuary - Mid-size Plan Market

Definiti LLC

Remote

View job as Consulting Actuary - Mid-size Plan Market
          for Definiti LLC

View job as Defined Contribution Plan Administrator (Entry Level)
          for MGKS Defined Contribution Plan Administrator (Entry Level)

MGKS

Remote / Phoenix AZ

View job as Defined Contribution Plan Administrator (Entry Level)
          for MGKS

View job as Defined Contribution Plan Administrator
          for MGKS Defined Contribution Plan Administrator

MGKS

Remote / Phoenix AZ

View job as Defined Contribution Plan Administrator
          for MGKS

View job as Recordkeeping Processor
          for Definiti LLC Recordkeeping Processor

Definiti LLC

Remote

View job as Recordkeeping Processor
          for Definiti LLC

View job as Recordkeeping Specialist
          for Definiti LLC Recordkeeping Specialist

Definiti LLC

Remote

View job as Recordkeeping Specialist
          for Definiti LLC

View job as Billing and Accounts Receivable Specialist
          for ERISA Services, Inc. Billing and Accounts Receivable Specialist

ERISA Services, Inc.

Knoxville TN

View job as Billing and Accounts Receivable Specialist
          for ERISA Services, Inc.

View job as Quality Assurance Specialist
          for ERISA Services, Inc. Quality Assurance Specialist

ERISA Services, Inc.

Knoxville TN

View job as Quality Assurance Specialist
          for ERISA Services, Inc.

View job as Sales Consultant
          for Leading Retirement Solutions LLC Sales Consultant

Leading Retirement Solutions LLC

Remote / Seattle WA

View job as Sales Consultant
          for Leading Retirement Solutions LLC

View job as Plan Compliance & Benefits Specialist
          for UNITE HERE HEALTH Plan Compliance & Benefits Specialist

UNITE HERE HEALTH

Aurora IL

Press Releases

Neal Gerber Eisenberg Adds Employee Benefits Partner Andrew Douglass

Neal Gerber Eisenberg

Jeff Liter Promoted to Director of Actuarial Services at The Angell Pension Group

The Angell Pension Group

401GO Welcomes New Executives as Demand for Accessible 401(k) Programs Sparks Momentum

401GO

GoodRx and RxVantage Announce Strategic Relationship to Streamline Communications Between Providers and Manufacturers

GoodRx

Webcasts and Conferences
(Health & Welfare Plans)

The No Surprises Act: What You Need to Know

May 26, 2022 WEBCAST

Boutwell Fay LLP

Deciphering the New Group Health Plan Requirements Under the CAA: Transparency, Part 2

June 22, 2022 WEBCAST

Thompson Hine LLP

Last Issue's Most Popular Items

Ready for a Sale? Prepare Executive Compensation Arrangements and Employee Benefit Plans

Morgan Lewis

Alabama Enacts New Telemedicine Law

Foley & Lardner LLP

Supreme Court May Address Interplay of ERISA and Local 'Play-or-Pay' Laws

Jackson Lewis

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

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.

Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers. We are not involved in their production and are not responsible for their content.