BenefitsLink.com logo
EmployeeBenefitsJobs.com logo

Health & Welfare Plans Newsletter

August 22, 2023

3 New Job Opportunities 3 New Job Opportunities

 

[Official Guidance]

Text of CMS Draft Guidance: Maximum Monthly Cap on Cost-Sharing Payments Under Medicare Prescription Drug Plans (PDF)

"The purpose of this document is to provide interested parties with draft part one guidance on a select set of topics for the Maximum Monthly Cap on Cost-Sharing Payments Program, which ... requires all Medicare prescription drug plans to offer their Part D enrollees the option to pay their out-of-pocket (OOP) Part D drug costs through monthly payments over the course of the plan year instead of as upfront payments at the pharmacy point of sale beginning January 1, 2025.... This guidance document will be followed by a second round of guidance, set to be released by early 2024." [Also available: Fact Sheet and Implementation Timeline]  MORE >>

Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]

Tenth Circuit Holds Insurer Abused Its Discretion in Denying Payment for Minor's Residential MH/SUD Treatment Services

"The Tenth Circuit parted ways with the district court with respect to the appropriate remedy. The district court granted benefits and attorneys' fees to the plaintiffs, but the Tenth Circuit held that the appropriate remedy was to remand the claims back to [United Behavioral Health (UBH)] for further and proper consideration. The court also vacated the award of attorneys' fees, which it explained should be reconsidered after UBH properly decided the claims." [P. v. United Healthcare Ins. Co., No. 21-4129 (10th Cir. Aug. 15, 2023)]  MORE >>

Roberts Disability Law

First Circuit Holds That Puerto Rico's Law 41-2022 Is Null and Void

"Law 41-2022 sought to repeal some of the reductions in benefits enacted by the 2017 Labor Reform for employees hired on or after January 26, 2017, including the reduction in the vacation accumulation rates, the increase in the number of hours worked to qualify for the Christmas bonus, the cap on the statutory severance, the extension of the automatic probationary period, and the shortening of the statute of limitations to file employment-related claims." [In re: The Financial Oversight and Management Board for Puerto Rico, Nos. 23-1267, 23-1268, 23-1358 (1st Cir. Aug. 10, 2023)]  MORE >>

Ogletree Deakins

2024 Health Care Strategy Survey: Employers Report Increase in Workforce Mental Health Needs

"Last year, 44% of employers saw a rise in mental health concerns, while 77% of employers reported an increase this year ... One in two employers said cancer was the No. 1 driver of health care costs, and 86% said it ranked among the top three, likely due to late-stage cancer diagnoses from the pandemic.... While 92% of employers are concerned about high-cost drugs in the pipeline, 91% reported concern about pharmacy cost trend overall."  MORE >>

Business Group on Health

U.S. Employer Health Care Costs Projected to Increase 8.5 Percent Next Year

"The projection increase, which assumes employers do not implement employee cost sharing increases and other cost saving strategies, is nearly double the 4.5 percent increase to health care budgets that employers experienced from 2022 to 2023. On average, the budgeted health care plan cost for clients is $13,906 per employee in 2023."  MORE >>

Aon

[Sponsor]

Register for the 2023 CCA Annual Meeting before Sept. 18 and Save

This three-day meeting includes 15 healthcare sessions covering the ever-changing state of the healthcare market. Topics include the role of AI in healthcare, prescription drugs and data transparency. 18.5 CPD credits available.

Sponsored by Conference of Consulting Actuaries [CCA]

Connecticut Health Insurers Request Double-Digit Rate Hikes

"Individual rate hike requests range from 9.8% to 17.5%, while proposed small group rate request range from 7.5% to 23%.... Insurers attributed the rate hike request to higher health care costs from utilization rates and other factors."  MORE >>

Connecticut Public

Oregon Audit Calls Out PBMs for Lack of Transparency

"The audit recommended the state enact legislation that focuses on patient and pharmacy protections and increasing transparency in the prescription drug supply chain."  MORE >>

National Community Pharmacists Association [NCPA]

No Surprises Act Creates Payment Challenges for Providers

"Despite its stated purpose, the ensuing lawsuits, the departments' ever-changing rules and implementation of said rules by the IDREs have left providers and their counsel scratching their heads in efforts to get consistently reimbursed for out-of-network emergency services. In this article, [the authors] discuss issues that have arisen with the IDR process and provide practical solutions to hopefully ensure success in reimbursements."  MORE >>

Bracewell

Employee Benefits Jobs

View job as Contributions Manager
for IUOE Local 478 Employee Benefit Funds

Contributions Manager

IUOE Local 478 Employee Benefit Funds

Hamden CT

View job as Retirement Plan Administrator
for Preferred Pension Solutions, LLC

Retirement Plan Administrator

Preferred Pension Solutions, LLC

Wichita KS / Hybrid

View job as Actuarial Analyst
for USI Insurance Services

Actuarial Analyst

USI Insurance Services

Glastonbury CT / Brentwood TN

View job as Actuarial Analyst for USI Insurance Services

Press Releases

PensionPlus Announces an Innovative Program with Capital Group, Empowering Participants to Easily Create Personalized Paychecks in Retirement

PensionPlus

The Retirement Advantage, Inc. Welcomes Nic Irick to Bolster Regional Plan Consulting Team

TRA [The Retirement Advantage]

Webcasts and Conferences
(Health & Welfare Plans)

Drivers and Patterns of Medical Inflation

August 28, 2023 WEBINAR

Society of Actuaries

Mental Health Parity Update: Key Takeaways From the Newest Regulatory Guidance and Litigation Trends

September 19, 2023 WEBINAR

Manatt

Last Issue's Most Popular Items

EBSA's MHPAEA Compliance Report to Congress: All Plans Fail

Seyfarth Shaw LLP

Proposed Rules Prioritize Mental Health Parity Compliance

Sequoia

ERISA Industry Committee Hails Tenth Circuit's Reversal of PCMA v. Mulready

The ERISA Industry Committee [ERIC]

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

Copyright 2023 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.