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Health & Welfare Plans Newsletter

July 12, 2022

5 New Job Opportunities 5 New Job Opportunities

 

[Guidance Overview]

Massachusetts Issues Draft Regs for Requirement to Maintain Health Insurance During PFML

"The draft markup expands an employer's options for providing insurance during leave ... The draft markup makes clear that employers will not be required to provide for, contribute to, or otherwise maintain employment-related health insurance benefits for an employee who does not receive or is not eligible to receive such employment-related health insurance benefits when the employee's family or medical leave begins.... [S]ome open issues remain[.]"  MORE >>

Mintz

[Guidance Overview]

Delaware to Fund Paid Leave Benefits for Employees

"[The Healthy Delaware Families Act (HDFA)] is designed to offer paid leave benefits to employees starting in 2026. This new benefit is funded through employee payroll deductions set to begin in January 2025. In many respects, the Act closely tracks the federal [FMLA] and is not as expansive as many other states' paid family and medical leave laws."  MORE >>

Lockton

[Guidance Overview]

CARES Act Expansion of IRC Section 127: Tax Savings on Student Loan Repayment Assistance

"The [CARES Act] amended Section 127 to include student loan repayment assistance as a qualified educational expense.... [T]he Consolidated Appropriations Act ... extended the provision for five years through December 31, 2025.... The five-year extension of this student loan repayment assistance can provide tax savings to both employers (employer portion of FICA) and employees (federal and state withholding, and FICA)."  MORE >>

Berry, Dunn, McNeil & Parker, LLC

Alert (High Risk Issue) icon Abortion Decision Renews Questions About Employer Access to Health Information

"Employer plans that cover these services, and that are now adding a travel benefit for employees to access this care, might create a paper trail of claims information or reimbursement records.... Federal privacy protections have long restricted the use and disclosure of personal health information to and by employer-sponsored plans, but these protections are not fool proof and will likely be tested going forward by states looking to implement abortion bans and related restrictions."  MORE >>

Henry J. Kaiser Family Foundation

Why Do We Need a Lawyer to Help with Our Company's Health and Welfare Benefits?

"Health and welfare benefits are an important part of attracting and retaining employees, as well as creating a positive and supportive workplace environment. There are many service providers who are eager to help you provide these benefits ... With so many resources, why is it necessary to get a lawyer involved?"  MORE >>

KLB Benefits Law Group

Negotiating Benefit Renewals: Steps for Better Outcomes

"Frequently requiring your current carrier to respond to RFPs can harm that relationship.... Get renewal plans early.... [R]espond with a fair and reasonable rate increase backed by data. The goal is to counteroffer a number that creates stability and predictability for renewals in the future."  MORE >>

Corporate Synergies

Commercial Health Insurers' Income Plummets in 2021

"Commercial health insurers suffered a 90% decrease in underwriting income last year as fewer people signed onto group health and instead moved into individual coverage on an exchange or a Medicaid program, and COVID care requirements far exceeded expectations. Those are two key factors in the commercial health insurance industry's dismal performance in a down year for health insurance overall, which saw a 65% decrease in underwriting income,"  MORE >>

InsuranceNewsNet.com

[Opinion]

Providers and Employers Need to Collaborate More to Avert a Greater Health Crisis

"A collaborative, direct relationship among employers, doctors, and hospitals has been shown to successfully reduce care costs and attain better health results over time.... Here are some quick approaches that could help break up the logjam and avert a protracted health care crisis[.]"  MORE >>

American Journal of Managed Care

[Opinion]

The Cantwell-Grassley PBM Bill Is Much Needed But More Can Be Done

"[The Prescription Pricing for the People Act (S 1388)] would prohibit a PBM from engaging in commercial practices known as spread pricing and pharmacy clawbacks unless it passes all rebates and concessions received from drug manufacturers to health plans and discloses all cost, price, and reimbursement information and all fees, markups, and discounts charged to health plans and pharmacies. It would also mandate greater transparency by requiring PBMs to submit an annual report to the [FTC]."  MORE >>

Health Affairs

Benefits in General

July Filing Deadlines for Employee Benefit Plans

"By July 31, employers that sponsor self-funded medical plans must report and pay their PCORI fee. By July 31, employers that sponsor calendar-year employee benefit plans that are subject to ERISA must file a Form 5500 ... or request an extension by filing a Form 5558."  MORE >>

Venable LLP

HSAs Are a Smart Choice to Help Employees Optimize Benefits

"[1] HSAs are a great retirement savings opportunity ... [2] HSAs go beyond Health Flexible Spending Account (FSA) qualified expenses ... [3] Matching contributions drive HSA balances ... [4] HSAs cover medical costs now -- and later ... [5] HSAs can be paired with decision-support tools ... [6] Health FSAs complement HSAs ... [7] Employers can provide extra support through HSA plan design ... [8] It's easy to invest HSA balances ... [9] HSAs go hand in hand with voluntary benefits."  MORE >>

Voya

Employee Benefits Jobs

View job as DB/DC Administrator
          for Heritage Pension Advisors, Inc. DB/DC Administrator

Heritage Pension Advisors, Inc.

Remote / Commack NY

View job as DB/DC Administrator
          for Heritage Pension Advisors, Inc.

View job as Retirement Plan Administrator
          for Southern Pension Services Retirement Plan Administrator

Southern Pension Services

Remote / Tampa FL

View job as Retirement Plan Administrator
          for Southern Pension Services

View job as Retirement Plan Administrator
          for Prime Pensions Northwest, LLC Retirement Plan Administrator

Prime Pensions Northwest, LLC

Remote / OR

View job as Retirement Plan Administrator
          for Prime Pensions Northwest, LLC

View job as Relationship Manager - Retirement Plans
          for Sikich LLP Relationship Manager - Retirement Plans

Sikich LLP

Remote / Maple Grove MN

View job as Relationship Manager - Retirement Plans
          for Sikich LLP

View job as Chief Economist and Director, Office of Research & Analysis
          for Employee Benefits Security Administration [EBSA] Chief Economist and Director, Office of Research & Analysis

Employee Benefits Security Administration [EBSA]

Remote / Washington DC

View job as Chief Economist and Director, Office of Research & Analysis
          for Employee Benefits Security Administration [EBSA]

Press Releases

Vitality Group Appoints Health Solutions and Technology Expert Maia Surmava as New CEO

Vitality

Webcasts and Conferences
(Health & Welfare Plans)

HSA Fundamentals

August 23, 2022 WEBCAST

Ascensus

Health and Welfare Benefit Plans National Institute 2022

September 29, 2022 WEBCAST

American Bar Association Joint Committee on Employee Benefits [JCEB]

Last Issue's Most Popular Items

Key Considerations for Employer-Sponsored Benefits Following the Dobbs Decision

Hunton Andrews Kurth LLP

EEOC Conciliation Agreement Highlights Employer Compliance Obligations Under GINA Regarding COVID-19 Policies

Poyner Spruill LLP

Delaware Enacts Paid Family and Medical Leave Law

Mercer

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

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