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Health & Welfare Plans Newsletter

July 5, 2022

4 New Job Opportunities 4 New Job Opportunities

 

New Compensation Disclosure Rule Highlights Responsibilities of Group Health Plan Fiduciaries

"Prudent plan fiduciaries will establish and adhere to a formal, written policy to ensure compliance with the New Disclosure Rule. Indemnification and limitation of liability provisions in service provider contracts should also be revisited relative to this new rule."  MORE >>

Buck

The Pursuit of Lower Healthcare Costs: Opportunities for Employers

"Health systems are trying to recoup lost revenue and are feeling emboldened to challenge the major health insurance carriers ... Employers have the power to make changes, and with strategic initiatives and partnerships they can truly shape the market in the future.... [1] Master data.... [2] Evaluate quality and cost metrics.... [3] Identify and implement solutions."  MORE >>

Willis Towers Watson

Employer Challenges Post-Dobbs: Travel Benefits for Abortions

"Travel reimbursement programs that are limited to abortion are more likely to catch the eye of regulators in states that take anti-abortion positions.... [E]mployers should consider whether to offer a broad-scope travel reimbursement program for all medical expenses.... [A]ny paid time off policy available only to women for this purpose (i.e., and not made available to accompany a dependent for the same reason) may violate certain sex and/or gender discrimination laws."  MORE >>

Nixon Peabody LLP

Travel Benefits for Abortions: Employer-Provided Coverage after Dobbs

"One acknowledged risk of the excepted benefit EAP approach is the potential for a new administration in Washington to alter the current view on what constitutes 'significant medical care' for purposes of the excepted benefit EAP.... An integrated HRA approach would ... limit availability of an abortion travel benefit to employees enrolled in the medical plan. While an excepted benefit HRA could make an abortion travel benefit more broadly available ... the excepted benefit HRA reimbursement limit ... may be less than the actual abortion travel cost in many instances."  MORE >>

Buck

Dependent Coverage and Parental 'Job Lock': Evidence from the ACA

"[C]ompared to their December-born counterparts, dependents with January births were more likely to enroll in their parent's plan and enrolled for a longer period of time.... [T]heir parent is more likely to remain with their pre-ACA employer and remain with that employer for longer. Effects are larger for parents approaching early retirement and dependents who are only children."  MORE >>

National Bureau of Economic Research [NBER]; purchase required for full document

[Opinion]

Delays Extending the American Rescue Plan's Health Insurance Subsidies Will Raise Premiums and Reduce Coverage

"Congress's real deadline to avert premium increases and coverage losses is August. That's because most consumers will make 2023 coverage decisions in 2022, and there are substantial operational runways to set insurance rates, update eligibility systems and consumer-facing language to reflect PTC parameters, and calculate enrollees' new eligibility and notify them -- all before the open enrollment period begins November 1, 2022."  MORE >>

Health Affairs

Employee Benefits Jobs

View job as Retirement Plan Administrator
          for CMC Pension Professionals Retirement Plan Administrator

CMC Pension Professionals

Remote

View job as Retirement Plan Administrator
          for CMC Pension Professionals

View job as DB/DC Administrator
          for Primark Benefits DB/DC Administrator

Primark Benefits

Remote / San Mateo CA

View job as DB/DC Administrator
          for Primark Benefits

View job as Director of Pension Administration
          for Primark Benefits Director of Pension Administration

Primark Benefits

Remote / San Mateo CA

View job as Director of Pension Administration
          for Primark Benefits

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.

Press Releases

With Its Acquisition of California-Based Bartel Associates, Foster & Foster Continues to Expand Its National Footprint as a Premier Actuarial Firm

Foster & Foster Consulting Actuaries, Inc.

Wolters Kluwer's ftwilliam.com Wins GlobeeĀ® in the 7th Annual 2022 American Best in Business Awards

Wolters Kluwer

Webcasts and Conferences
(Health & Welfare Plans)

Update on Transparency, Surprise Billing & Rx/Health Cost Reporting Requirements

July 21, 2022 WEBCAST

EPIC

Last Issue's Most Popular Items

Post-Dobbs: FAQs for Employers and Other Benefit Plan Sponsors (PDF)

Proskauer

Big Employers Are Offering Abortion Benefits. Will the Information Stay Safe?

Kaiser Health News

Addressing Employee Health Plan Exception Requests: Enrolling Independent Contractors

Newfront

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

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