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Health & Welfare Plans Newsletter
January 12, 2023
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7 New Job Opportunities
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[Guidance Overview]
Expansion of Paid Leave Laws May Alter Federal Contractors’ Responsibilities
"Michigan's and Minnesota's legislatures appear to be at the forefront of this initiative, but they are by no means the only states that will see movement in this area in 2023 ... [F]ederal contractors subject to Executive Order 13706 may need a refresher not only on
their existing paid leave obligations, but on the interplay with state and local leave laws that may alter or expand their responsibilities." MORE >>
Society for Human Resource Management [SHRM]; membership may be required to view article
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[Guidance Overview]
Colorado FAMLI Act Compliance Required Now
"As of January 1, 2023, all Colorado employers are required to post or otherwise provide employees with the state-issued FAMLI Program notice ... and also begin deducting employees' shares of FAMLI Program premiums from employee paychecks, where
applicable." MORE >>
Ballard Spahr LLP
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HHS Considers Updating the List of Essential Health Benefits
"This is the first time HHS has requested comments on updating the EHB since it went into effect in 2014. Much has changed in health needs and care over the past decade ... The RFI gives the public an opportunity to comment on how coverage should adapt to meet these
changes." MORE >>
The Commonwealth Fund
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Prescription Drug Cost-Containment Strategies
"[A recent IFEBP survey] provides benchmarking data on the methods that health care plan sponsors are using to control escalating prescription drug costs. Some of their cost-containment strategies [include] ... [1] Cost-sharing initiatives ...
[2] Coverage/limits by drug type ... [3] Drug access controls ... [4] Purchasing/administration initiatives." MORE >>
International Foundation of Employee Benefit Plans [IFEBP]
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Voluntary Benefits: The Mental Health-Financial Wellness Connection
"60% of respondents reported being highly or moderately concerned about their household financial well-being.... [E]mployers often underrate the stress that employees experience from financial instability. In doing so, they miss an opportunity to offer support via voluntary
benefits that can help mitigate this stress and encourage a happier, healthier workforce." MORE >>
VOYA Financial
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Benefits in General |
Can an ERISA Plan Limit the Time a Claimant Has to File a Lawsuit for Plan Benefits?
"By imposing a reasonable deadline under the terms of the plan, you may be able to create a uniform limitations period, avoiding otherwise lengthy statutes of limitations and state-to-state variations.... Whether a plan's limitations period is reasonable is determined by the
court hearing the claim.... Whether and what kind of notice is required regarding a plan-imposed limitations period also varies among the courts." MORE >>
Thomson Reuters / EBIA
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National Taxpayer Advocate: IRS in Better Shape Now Than a Year Ago
"Of the 173 million calls to the IRS during fiscal year 2022, just 22 million (13%) reached an IRS employee.... And telephone service for tax professionals reached an all-time low, the report said, even though the IRS established the Practitioner Priority Service (PPS) line to handle their calls. Of the 12.7 million calls to the PPS line, the IRS answered 2 million -- or 16% -- with an average hold time of 25 minutes for those who did reach the agency." MORE >>
Journal of Accountancy
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Employee Benefits Jobs |
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Financial Advisor
U.S. Retirement & Benefits Partners
Remote / San Jose CA / San Jose CA / Union City CA / Hayward CA / Alameda CA / Livermore CA / Dublin CA / Fremont CA / Danville CA / Concord CA / El Cerrito CA / Hercules CA / Danville CA
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Actuary
Ascensus
Remote / Indianapolis IN
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Press Releases |
PBI Research Services Announces Certicensus® Certified – a New Gold Standard in Pension Plan Data Management and Compliance
PBI Research Services
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Webcasts and Conferences (Health & Welfare Plans) |
SBEN Annual Education Conference 2023
May 3, 2023 in GA
Southeast Benefits Education Network [SBEN]
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Last Issue's Most Popular Items |
Congress and Regulators Issue Welcome Deadline Relief for Group Health Plans
Spencer Fane
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What's in Store for Employee Benefits and Total Rewards in 2023?
Buck
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Cashed Check Costs United Healthcare More Than $2 Million
American Bar Association
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BenefitsLink® Retirement Plans Newsletter, ISSN no. 1536-9587.
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