BenefitsLink.com logo
EmployeeBenefitsJobs.com logo

Health & Welfare Plans Newsletter

September 21, 2022

6 New Job Opportunities 6 New Job Opportunities

 

[Guidance Overview]

Upcoming Deadline icon Prescription Drug Reporting Due This Year: Employer Action Required

"Given the short timeframe between now and the looming reporting due date, employers should work with their insurance carriers, TPAs, PBMs, and other service providers to ensure prescription drug reporting is accurately handled and timely submitted. If local circumstances require that the employer directly report certain information on its own plan's behalf, the employer should familiarize itself with the reporting instructions released by CMS[.]"  MORE >>

HUB International

[Guidance Overview]

HHS Requests Comments About Good Faith Estimates for Insured Individuals

"This request gives providers and facilities an opportunity to help the government craft reasonable regulations for one of the No Surprises Act's most labor-intensive requirements.... Already providers and facilities have found issuing [good faith estimates (GFEs)] for self-pay and uninsured individuals to be a significant undertaking.... Creating systems to also issue GFEs for covered patients and securely exchange the data with payers is a Herculean task."  MORE >>

Davis Wright Tremaine LLP

Employers Project 7.5% Rise in Health Care Costs for 2023

"Plan sponsors shared their thoughts on the primary reason contributing to a rise in health care costs, including ... [1] Catastrophic claims -- 19%; [2] Utilization due to chronic health conditions -- 15%; [3] Utilization due to delayed preventive/elective care during the pandemic -- 12%; [4] Medical provider costs -- 11%; [5] Specialty/costly prescription drugs -- 7%."  MORE >>

International Foundation of Employee Benefit Plans [IFEBP]

Fourth Circuit Reinstates Employee's Claim That Social Media App Messages Provided Sufficient Notice of a Medical Absence

"[E]mployers with operations in the states situated in the Fourth Circuit ... may want to note that allowing employees to use alternate methods of providing notice may open the door to subsequent assertions in civil actions based on FMLA interference claims that an 'informal practice or course of dealing' has been accepted in addition to official company attendance and leave procedures." [Roberts v. Gestamp West Virginia, LLC, No. 20-2202 (4th Cir. Aug. 15, 2022)]  MORE >>

Ogletree Deakins

Judge Denies U.S. Bid to Stop UnitedHealth Group's Plan to Buy Change Healthcare

"Judge Carl Nichols said in a brief order on Monday that he would deny the government's request to stop the deal, and ordered the companies to go forward with an asset sale that they had proposed." [U.S. v. UnitedHealth Group Inc. and Change Healthcare Inc., No. 22-0481 (D.D.C. Sep. 19, 2022)]  MORE >>

Reuters; free registration may be required

[Sponsor]

2023 Onsite Employee Health Clinics Summit (January 23-24, 2023; Scottsdale, AZ)

The Leading Forum on Building & Expanding On-Site Health Clinics – Incorporating Strategies that Reduce Costs, Ensure Employee Satisfaction and Positively Impact Patient Behavior

Sponsored by World Conference Forum

Amazon's New Approach to Healthcare

"Amazon has been pursuing the healthcare industry since 2018 but has so far failed to break through. The firm's purchase of One Medical may signify primary care facilities and employer clients as the next steps in Big Tech's infiltration of healthcare, while also highlighting the challenges that led to the termination of Amazon Care."  MORE >>

Corporate Insight

Benefits in General

[Guidance Overview]

DOL Eases Independence Rules for Employee Benefit Plan Accountants

"The updated interpretative bulletin [IB 2022-01] lets plan administrators hire a qualified public accountant who held the plan sponsor's publicly traded securities during the plan year covered by the audit if the accountant divests those securities before starting the engagement. The updated guidance ... takes effect immediately."  MORE >>

Mercer

How the 'Great Resignation' and Other Factors Are Affecting Employee Benefits

"Benefits centered around life insurance, disability insurance, health and retirement aren't taking up the spotlight to the same extent they used to.... [Employees are] now just as focused on those benefits that have an immediate effect on the quality of their lives.... [W]ellness, mental health and the associated well-being applications are now the ideal ... [E]mployees and their families are looking to employers to make sure they're provided for and protected. So, a sound retirement plan that also reflects the values and culture of the company is high on the list of desirables."  MORE >>

Forbes; subscription may be required

[Opinion]

Debate: Should the EARN Act Let Savers Tap 401(k)s to Pay for Long Term Care Insurance?

"In its current form, the Enhancing American Retirement Now (EARN) Act would allow retirement savers to withdraw up to $2,500 in retirement plan assets each year to cover the cost of long-term care insurance premiums without paying the otherwise applicable early withdrawal penalties.... [ThinkAdvisor] asked two professors and authors of ALM's Tax Facts with opposing political viewpoints to share their opinions about the narrow provision allowing penalty-free withdrawals to cover long-term care insurance."  MORE >>

ThinkAdvisor

Employee Benefits Jobs

View job as Retirement Plan Administrator
            for The Nolan Company

Retirement Plan Administrator

The Nolan Company

Remote

View job as Retirement Plan Administrator for The Nolan Company

View job as Retirement Plan Analyst
            for Benetrends, Inc

Retirement Plan Analyst

Benetrends, Inc

Remote / Lansdale PA

View job as Retirement Plan Analyst for Benetrends, Inc

View job as Plan Consultant
            for BPAS

Plan Consultant

BPAS

Remote

View job as Plan Consultant for BPAS

View job as Sr. Actuarial Consultant
            for Ascensus

Sr. Actuarial Consultant

Ascensus

Remote

View job as Sr. Actuarial Consultant for Ascensus

View job as Director, Trust Services
            for FuturePlan, by Ascensus

Director, Trust Services

FuturePlan, by Ascensus

Remote

View job as Director, Trust Services for FuturePlan, by Ascensus

View job as VP Sales Consultant (Retirement Industry)
            for FuturePlan, by Ascensus

VP Sales Consultant (Retirement Industry)

FuturePlan, by Ascensus

Remote

View job as VP Sales Consultant (Retirement Industry) for FuturePlan, by Ascensus

Press Releases

SRZ Special Counsel Susan Bernstein Elected as ACEBC Fellow

Schulte Roth & Zabel LLP

Frontier Direct Care Selects Flume Health to Power Launch of New Health Plan Serving South Texas

Flume Health

NAPA Launches Exclusive NQPA Credential for Advisors

National Association of Plan Advisors [NAPA]

iJoin Leverages Coherent Spark to Accelerate Speed to Market for Retirement Income Products Designed for Hyper-Personalization

iJoin

Webcasts and Conferences
(Health & Welfare Plans)

How HSAs Can Help Participants Tackle Retirement Healthcare Costs

October 13, 2022 WEBCAST

Cadwalader

Last Issue's Most Popular Items

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

Buck

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

JAMA Health Forum

2022 Midyear Devenir HSA Research Report

Devenir

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

Copyright 2022 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.