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Health & Welfare Plans Newsletter

June 21, 2023

3 New Job Opportunities 3 New Job Opportunities

 

Minnesota Insurer Adding Mental Health Peer Support Specialist Coverage to Commercial Plans in 2024

"Blue Cross and Blue Shield of Minnesota ... announced that access to peer support specialists -- trained individuals with lived experiences who provide support, encouragement and connections to resources for others facing recovery and mental health challenges -- will be a covered benefit starting next year for members enrolled in fully-insured commercial plans.... Blue Cross will be the first non-profit plan in Minnesota offering this benefit to those with employer-offered health insurance as well as to those who purchase Individual and Family coverage on their own."  MORE >>

StreetInsider.com

Vermont Health Insurance Customers Affected by Data Theft

"The personal information of at least 16,000 Vermont health insurance customers was stolen in a cyberattack in January -- more than twice the number originally reported.... [N]ationwide, the cyberattack affected thousands of organizations and millions of people."  MORE >>

VTDigger

Supplemental Paid Sick Leave Grants Available for California Employers

"To receive reimbursement, an employer must document the amounts they paid for SPSL between January 1, 2022 and December 31, 2022. In addition to payroll records, employers will need to submit a signed affidavit attesting to employee count and other information.... The application portal opened on June 1, 2023[.]"  MORE >>

Shaw Law Group

2023 Retiree Health Care Cost Estimate: Retirees See Relief as Estimate Stays Flat Year-Over-Year

"[A] 65-year-old retiring this year can expect to spend an average of $157,500 in health care and medical expenses throughout retirement. Fidelity's 2023 estimate remains the same as last year, due to expected limits to retiree out of pocket costs for prescription drugs starting in 2025. This is the first time in nearly a decade that the anticipated health care costs for retirees have stayed flat year-over-year."  MORE >>

Fidelity

House HELP Subcommittee Hearing: Competition and Transparency: The Pathway Forward for a Stronger Health Care Market

Video of June 21 hearing, including testimony by: [1] Dr. Gloria Sachdev, Employers" Forum of Indiana; [2] Ms. Christine Monahan, Georgetown University Center on Health Insurance Reforms; [3] Ms. Sophia Tripoli, Families USA; [4] Mr. JC Scott, Pharmaceutical Care Management Association; and [5] Mr. Greg Baker, Affirmed Rx.  MORE >>

Committee on Education and the Workforce, U.S. House of Representatives

[Opinion]

Reality Check: PBMs Make Commissions for Selling Drugs

"One PBM recently disclosed that it had negotiated a very high rebate with Novo Nordisk, but said rebate only applies if a plan sponsor agrees to a wide-open, permissive approach to coverage of the weight-loss medications. If a plan sponsor wants to be more cautious or judicious about the coverage of the drug ... no rebate is payable to the plan sponsor. This kind of a rebate (commission) is a perverse incentive for a PBM to sell the drug and to ignore associated risks and potential harm."  MORE >>

Chelko Center for Benefits Management

Employee Benefits Jobs

View job as Retirement Plan Analyst – Defined Contribution Plans
for M2B Retirement Consulting LLC

Retirement Plan Analyst – Defined Contribution Plans

M2B Retirement Consulting LLC

Remote / Wexford PA

View job as Retirement Plan Analyst – Defined Contribution Plans for M2B Retirement Consulting LLC

View job as Distributions Coordinator
for The Finway Group

Distributions Coordinator

The Finway Group

Remote / West Des Moines IA / CO / IL / KS / MN / MO / ND / OH / SD / WI

View job as Distributions Coordinator for The Finway Group

View job as Pension Consultant
for FuturePlan, by Ascensus

Pension Consultant

FuturePlan, by Ascensus

Remote

View job as Pension Consultant for FuturePlan, by Ascensus

Press Releases

TXEX (VIA Renewables) and The Queen’s Health System Honored With a Financial Wellness Award Live From the 2023 Annual Planning Meeting of the Council in Kansas City, MO

Retirement Advisor Council

National Institute of Pension Administrators Celebrates 2023 Award Recipients

NIPA [National Institute of Pension Administrators]

ULY Acquires Sunwest Pensions to Expand Its National Presence

JULY Business Services

Ameritas Launches New Pooled Employer Plan

Ameritas

ProNvest Rebrands as Future Capital, Empowering Advisors and Investors with Comprehensive Retirement Solutions and Unwavering Support

Future Capital

Webcasts and Conferences
(Health & Welfare Plans)

2023 Supplemental Health, DI & LTC Conference: Engage, Evolve, and Elevate

August 2, 2023 in UT

LIMRA

Last Issue's Most Popular Items

IRS Says That Certain Wellness Plans Are Subject to Employment Taxes

RSM US

Payers Should Lean on PBMs as They Consider Coverage for Weight Loss Medications

FierceHealthcare

Inclusive Family-Forming Benefits: Surrogacy Reimbursement Programs

International Foundation of Employee Benefit Plans [IFEBP]

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

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