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Health & Welfare Plans Newsletter

January 26, 2023

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[Guidance Overview]

Michigan Employers Are on the Earned Sick Time Clock

"If not further delayed or voided, the Michigan Earned Sick Time Act will require all employers in Michigan to provide at least 72 hours of sick leave to every employee in Michigan (including exempt, non-exempt, full-time, part-time, occasional, temporary, etc.) For 'small employers' (with fewer than ten employees), at least 40 of those 72 hours must be paid, and 32 hours may be unpaid. All employers with ten or more employees, all 72 hours must be paid."  MORE >>

Dickinson Wright PLLC

Projected 2024 HSA, HDHP and Excepted-Benefit HRA Figures

"Mercer projects the 2024 inflation-adjusted amounts for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted-benefit health reimbursement arrangements (HRAs) will rise significantly from 2023 levels.... [A table] shows the projected HSA, HDHP and excepted-benefit HRA amounts for 2024, along with the 2023 and 2022 values for comparison."  MORE >>


Employer Health Plans Face Competition for High-Quality Doctors

"Commercial health plans offered by employers will have to do more to hold on to high-quality medical providers who are being attracted to high-paying Medicare Advantage plans ... Employer-sponsored commercial plans, which cover about 157 million people in the US, typically pay higher rates for health-care services than Medicare's fee-for-service system, which pays for each individual service. But Medicare Advantage, a private plan alternative to traditional Medicare, is rapidly gaining popularity, covering more than 28 million people in 2022."  MORE >>

Bloomberg Law

Potential Effects of Federal Network Adequacy Standards for Qualified Health Plans (PDF)

"Issuers stated that the new regulation, while well-intentioned, has shortcomings that will result in negative downstream impacts to consumers ... [which] may include higher premiums, lower quality of care, and a less consumer-friendly experience.... [C]oncerns focused on ... [1] the negative effects of adding more providers to existing networks, [2] difficulties in negotiations with providers to meet the new requirements, and [3] the CMS oversight process."  MORE >>

Wakely Consulting Group, for America’s Health Insurance Plans [AHIP]

Designing Health Plans with Different Strategies for Certain Classes of Employees

"Employers taking a class-based health plan design approach should ensure the class distinctions are [1] clearly communicated to employees in any plan materials addressing eligibility, [2] approved by the insurance carriers and/or stop-loss providers, and [3] designed to comply with any applicable nondiscrimination rules."  MORE >>


The Best Benefit for 2023: A Hybrid Work Schedule

"Unlike fully remote offerings, the hybrid model strikes what those in HR view as an ideal balance between flexibility and in-person office time. An overwhelming 97% of those surveyed believe there is a direct correlation between productivity, wellness and the number of days spent in a physical office, citing the need for a certain amount of face-to-face collaboration. The ideal number of days per week is three, according to feedback, regardless of company or amount of employees."  MORE >>

VOYA Financial

Employee Benefits Jobs

View job as Retirement Plan 3(16) Administrator
            for ERISA Services, Inc.

Retirement Plan 3(16) Administrator

ERISA Services, Inc.

Remote / Knoxville TN

View job as Retirement Plan 3(16) Administrator for ERISA Services, Inc.

Press Releases

OneAmerica First to Offer PensionPlus for Personalized Retirement Planning


SageView Launches New Financial Education and Engagement Platform for Retirement Plan Participants

SageView Advisory Group

IRI Announces Changes to Board Directors

Insured Retirement Institute [IRI]

FSA Facts: Health-E Commerce Issues Tips for March 15 Flexible Spending Account (FSA) Grace Period Deadline and FSA Spending Extensions

Health E-Commerce

Webcasts and Conferences
(Health & Welfare Plans)

Multi-State Paid Family and Medical Leave: What's New and What to Do in 2023

February 23, 2023 WEBINAR


EmployerLINC2023: Labor, Employment and Employee Benefits Seminar

March 30, 2023 in OK

McAfee & Taft

Last Issue's Most Popular Items

DOL Increases 2023 Penalty Amounts for Health and Welfare Benefit Plan Violations


State-Mandated Disability and Paid Family and Medical Leave in 2023


CRS Report: Health Care Provisions of the Budget Reconciliation Measure

Congressional Research Service [CRS]

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

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