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Health & Welfare Plans Newsletter

September 20, 2022


[Guidance Overview]

Upcoming Deadline icon Deadline for Medicare Part D Creditable/Non-Creditable Coverage Notices Is October 14

"Plan sponsors that offer prescription drug coverage must provide notices of creditable or non-creditable coverage to Medicare-enrolled individuals before each year’s Medicare Part D annual enrollment period -- this year, by October 14. The notice obligation is not limited to retirees and their dependents but also includes Medicare-enrolled active employees and their dependents and Medicare-enrolled COBRA participants and their dependents."  MORE >>


Comparison of Estimated 'No Surprises Act' QPAs and Payments to In-Network and Out-of-Network Emergency Medicine Professionals

"In this cross-sectional study of [over 7 million] US commercial insurance claims, mean in-network and out-of-network payments were 14% and 112% higher than [qualified payment amount (QPA)] estimates, respectively. Mean out-of-network payments were higher among self-funded plans than fully insured plans and among physicians vs. nonphysicians."  MORE >>

JAMA Health Forum

2022 Midyear Devenir HSA Research Report

"Hindered by market headwinds, health savings accounts grew to $98.8 billion in assets held in almost 34 million accounts, a year-over-year increase of 6% for assets and 9% for health savings accounts for the period ending June 30th, 2022.... Over 2.4 million health savings accounts have at least a portion of their HSA dollars invested, representing over 7% of all accounts."  MORE >>


Virtual Primary Care: A 4-Step Discussion Framework for Brokers

"As an advisor for employer-sponsored health plans, it won't be a question of if, but when, you will need to discuss VPC with your clients.... Step 1: Gain common understanding about VPC ... Step 2: Address the 'in-person' care issue head on ... Step 3: Remind the client of the medical homelessness crisis in America ... Step 4: Highlight the cost savings and efficiencies VPC can bring."  MORE >>

BenefitsPro; free registration required

Now Teachers, Too: Another Big Hike in Employee Portion of Premiums OK'd for NJ Health Benefits

"New Jersey teachers in the state's School Employees' Health Benefits Program will be paying over 15% more for health coverage in 2023, similar though slightly less than the increase being imposed on municipal and county workers."  MORE >>

New Jersey 101.5

Benefits in General

[Official Guidance]

Text of IRS Disaster Relief Notice PR-2022-10, for Puerto Rico Victims of Hurricane Fiona

"Victims of Hurricane Fiona beginning September 17, 2022, now have until February 15, 2023, to file various individual and business tax returns and make tax payments ... Individuals and households affected by Hurricane Fiona that reside or have a business in all 78 municipalities in Puerto Rico qualify for tax relief."  MORE >>

Internal Revenue Service [IRS]

Press Releases

Mintz's Michelle Capezza Inducted as a Fellow of the American College of Employee Benefits Counsel


'Income Blueprint' for Retirement Plan Fiduciaries Launches

American Century Investments

Equitable Launches New Turnkey 401(k) Program for Small Businesses


Webcasts and Conferences
(Health & Welfare Plans)

Got San Francisco Employees? A Look at the HR and Benefits Considerations



2022 Aegis Risk/ISCEBS Medical Stop-Loss Premium Survey: Findings, Observations and Renewal Strategies

September 22, 2022 WEBCAST

ISCEBS [International Society of Certified Employee Benefit Specialists]

Last Issue's Most Popular Items

Strategies for Defending MHPAEA Claims: Preparing for the Lawsuit Before It Is Filed

Groom Law Group

What New Student Loan Relief Means for Employee Benefits

Ogletree Deakins

Paid Leave Oregon Becomes Effective in 2023: What Employers Need to Know

Ogletree Deakins

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

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