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Health & Welfare Plans Newsletter

October 18, 2023

6 New Job Opportunities 6 New Job Opportunities

 

[Official Guidance]

Text of IRS Notice 2023-70: Insured and Self-Insured Health Plans Adjusted Applicable Dollar Amount for PCORI Fee Imposed by Sections 4375 and 4376 (PDF)

"The fee imposed by sections 4375 and 4376 helps to fund the Patient-Centered Outcomes Research Trust Fund (PCORTF) and is calculated using the average number of lives covered under the policy or plan and the applicable dollar amount for that policy year or plan year.... The applicable dollar amount that must be used to calculate the fee imposed by sections 4375 and 4376 for policy years and plan years that end on or after October 1, 2023, and before October 1, 2024, is $3.22.... This notice is effective for policy years and plan years ending on or after October 1, 2023, and before October 1, 2024."  MORE >>

Internal Revenue Service [IRS]

[Guidance Overview]

Prepare for Machine-Readable Rx File Enforcement

"Although presently there is little guidance, the Departments have signaled that they will issue technical guidance and an implementation timeline to assist plan sponsors as they transition to full compliance. Plan sponsors may want to consult their prescription drug benefit administrator for assistance."  MORE >>

Segal

[Guidance Overview]

Massachusetts Amends Paid Family and Medical Leave Law

"As of November 1, 2023, employers using both private and public plans will be required to permit employees to supplement their PFML benefits using accrued PTO.... Because employers often think of PFML and PTO in full-day increments, and supplementation of PFML benefits will entail less than a full day of pay, employers are likely to have questions about how to calculate the amount of accrued paid leave used to supplement PFML benefits."  MORE >>

Morgan Lewis

[Guidance Overview]

New Illinois Law Mandates Certain Employers Offer Pre-Tax Commuter Benefits Starting January 1

"Beginning January 1, 2024 ... a covered employer must make available a pre-tax commuter benefit to covered employees.... Covered employees are those employees who work an average of at least 35 hours per week.... The Act applies to covered employers with at least 50 covered employees in one of more of [certain specified] locations ... Illinois is not the first jurisdiction to enact such a law; employers with multi-state operations should confirm which states and municipalities in which they operate may require the adoption of the same or similar type of program."  MORE >>

Michael Best

Health Benefits in 2023: Premiums Increase with Inflation

"In 2023 the average annual premium for employer-sponsored family health insurance coverage was $23,968 -- an increase of $1,505 (7 percent) from 2022.... On average, covered workers contributed 17 percent ($1,401) of the cost of single coverage and 29 percent ($6,575) of the cost of family coverage.... When asked about abortion coverage in the wake of the Supreme Court Dobbs decision, almost a third of large employers reported that their largest plan covered abortion in most or all circumstances."  MORE >>

Health Affairs Forefront

Premiums and Worker Contributions Among Workers Covered by Employer-Sponsored Coverage, 1999-2023

"The graphing tool ... looks at changes in premiums and worker contributions over time for covered workers at different types of firms."  MORE >>

Henry J. Kaiser Family Foundation

Abortion Coverage Is Limited or Unavailable at a Quarter of Large Employers

"KFF's 2023 annual survey found that 10% of large employers -- defined as those with at least 200 workers -- don't cover legal abortion care under their largest job-based health plan. An additional 18% said legal abortions are covered only in limited circumstances, such as when a pregnancy is the result of rape or incest, or endangers a person's life or health."  MORE >>

KFF Health News

[Opinion]

House Committee Comment Letter to Tri-Agencies on Proposed Requirements Related to the Mental Health Parity and Addiction Act (PDF)

"The proposed rules far exceed congressional intent in the MHPAEA. The term 'substantially all' is used only in respect to annual and lifetime limits, which are quantitative treatment limitations (QTLs). It is inappropriate to apply them to NQTL. Additionally, Congress never intended for the Tri-Agencies to require that plan sponsors measure outcomes. Further, the Tri-Agencies have no business determining the reimbursement rates for providers for the purposes of measuring parity. This is beyond the scope of the law."  MORE >>

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

[Opinion]

Coalition Comment Letter to Tri-Agencies on Proposed MHPAEA Requirements

21 pages. "Through its membership, the Coalition provides mental health and substance use disorder (MH/SUD) benefits to the vast majority of Americans covered by private health insurance plans, both self-insured and insured.... Coalition members have significant concerns that some of the proposals could inadvertently reduce the quality and efficacy of the MH/SUD care received by patients by restricting health plans' ability to protect patients through plan standards that ensure high-quality providers and safe, effective treatment for patients."  MORE >>

Business Group on Health; National Coordinating Committee for Multiemployer Plans; Blue Cross Blue Shield Association;; and Seven More Industry Associations and Insurers

[Opinion]

AHIP Comment Letter to Tri-Agencies on Proposed MHPAEA Requirements (PDF)

41 pages. "The proposed regulations have significant legal, policy, and operational flaws and should not be finalized. Perhaps more importantly, the proposed rules will not achieve the goals of increasing access to mental health care or substance use disorder treatment.... [T]he proposed rules exceed any reasonable interpretation of the text or purpose of both MHPAEA and the CAA."  MORE >>

America's Health Insurance Plans [AHIP]

[Opinion]

ERIC Comment Letter to Tri-Agencies on Proposed Requirements Related to the Mental Health Parity and Addiction Equity Act (PDF)

18 pages. "The proposed regulations go far beyond what Congress originally intended when enacting MHPAEA.... [T]he various tests and requirements in the proposed regulations ... are wholly unworkable, so much so that employers are unable to provide meaningful, constructive, and productive comments to fully answer the questions the Departments raise related to these proposed tests and requirements."  MORE >>

The ERISA Industry Committee [ERIC]

[Opinion]

American Benefits Council Comment Letter to Tri-Agencies on Proposed MHPAEA Requirements

25 pages. "[S]everal aspects of the proposed rules ... raise significant concerns, including because they could have unintended negative impacts on participants and beneficiaries, are unworkable, or require substantial additional clarification. While employers are more than willing to do their part to support the mental health of employees and their families, it is essential that any final regulations avoid undermining safe, effective, affordable coverage and are clear, fair and workable."  MORE >>

American Benefits Council

Employee Benefits Jobs

View job as Retirement Plan Administrator
for CMC Pension Professionals

Retirement Plan Administrator

CMC Pension Professionals

Remote

View job as Retirement Plan Administrator for CMC Pension Professionals

View job as Defined Benefit Consultant
for AimPoint Pension Group

Defined Benefit Consultant

AimPoint Pension Group

Remote

View job as Defined Benefit Consultant for AimPoint Pension Group

View job as Defined Benefit Software Support Specialist / Senior Actuarial Analyst
for ASC - Actuarial Systems Corporation

Defined Benefit Software Support Specialist / Senior Actuarial Analyst

ASC - Actuarial Systems Corporation

Remote / Sylmar CA

View job as Defined Benefit Software Support Specialist / Senior Actuarial Analyst for ASC - Actuarial Systems Corporation

View job as Retirement Plan Administration Associate
for Vestwell

Retirement Plan Administration Associate

Vestwell

Remote / New York NY / Hybrid

View job as Retirement Plan Administration Associate for Vestwell

View job as Senior Retirement Plan Administrator
for RetireWell Administrators, Inc.

Senior Retirement Plan Administrator

RetireWell Administrators, Inc.

Remote / Marlton NJ

View job as Senior Retirement Plan Administrator for RetireWell Administrators, Inc.

View job as 401K Retirement Plan Administrator
for ERISA Services, Inc.

401K Retirement Plan Administrator

ERISA Services, Inc.

Remote

View job as 401K Retirement Plan Administrator for ERISA Services, Inc.

Press Releases

EPIC Survey: Employee Wellness Programs Face Crossroads with GLP-1 Weight Loss Drugs

EPIC

Congruent Solutions Chooses Catalincs Partners to Accelerate Growth and Enhance Value to Stakeholders

Congruent

RISA Releases Retirement Income Research Focused on Individual Retirement Income Preferences

RISA [Retirement Income Style Awareness]

Voya Launches New 'Advisor Dashboard' to Enhance Digital Retirement Plan Onboarding Experience

Voya Financial

Webcasts and Conferences
(Health & Welfare Plans)

Student Loans with Candidly

RECORDED

CAPTRUST Financial Advisors

Navigating Murky Waters: Ethics for ERISA and Executive Compensation Lawyers

December 14, 2023 WEBINAR

American Bar Association Joint Committee on Employee Benefits [JCEB]

Last Issue's Most Popular Items

Agencies Issue Additional FAQs Regarding the Transparency in Coverage Final Rules

Woodruff Sawyer

Pharmacy Benefit Manager Reform: What's on the Horizon? (PDF)

McDermott Will & Emery LLP

Post-Acute COVID-19 Mortality and Morbidity Effects

Milliman

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

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