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Health & Welfare Plans Newsletter

April 2, 2024

4 New Job Opportunities 4 New Job Opportunities

 

[Guidance Overview]

Heightened Fiduciary Standards Are Coming to Group Health Plans

"The Consolidated Appropriations Act (CAA) in 2021 extended the ERISA 408(b)(2) fee disclosure requirements to group health plans.... These new rules give employers and plan fiduciaries unprecedented leverage with their service providers ... With this greater knowledge and understanding comes more risk of criticism that an employer or plan fiduciary could have looked closer -- and should have looked closer -- at fees and plan design in carrying out their fiduciary responsibilities."  MORE >>

Holland & Hart LLP

[Guidance Overview]

Agencies Issue Final Regs for Fixed Indemnity Coverage

"The rules will require that group coverage contain a new consumer protection notice explaining the coverage is not comprehensive, major-medical coverage. The plan must present the notice to prospective enrollees at enrollment time and re-enrollment. The new model notice that will be required for group coverage is included [in this article]."  MORE >>

Lockton

Fifth Circuit Finds That Employee Failed to Provide Adequate Notice of Need for FMLA Leave

"[The court found] that the employee's acts of informing her supervisor of her father's serious ailments, coupled with telling human resources in passing that she wanted to explore 'possibly getting FMLA,' were not sufficient to satisfy the employee's notice obligation under the [FMLA]. The court's ruling reinforces for employers the importance of implementing a clear procedure for FMLA leave requests." [Cerda v. Blue Cube Operations, LLC, No. 23-40404 (5th Cir. Mar. 19, 2024)]  MORE >>

Ogletree Deakins

The Cost of Employer-Sponsored Health Care Appears to Have Stabilized

"[B]efore 2005, as [employer contributions to employer-sponsored health insurance (ESHI)] increased as a share of compensation.... [T]he ratio of ESHI contributions to compensation plateaued after 2005 ... The question is whether the stabilization of employer contributions as a share of compensation is temporary or permanent. "  MORE >>

Center for Retirement Research at Boston College

Spotlight on Gene Therapies

"The growth of gene therapy has put pressure on plan sponsors to review strategies for their covered population, including financial implications and decisions about coverage criteria."  MORE >>

Segal

Important Aspects of ERISA Compliance.

"[1] Know whether you're subject to ERISA ... [2] Ensure you have a comprehensive and compliant written plan document ... [3] Understand ERISA reporting and disclosure requirements ... [4] Ensure your SPD and SMM delivery method is compliant ... [5] Stay aware of ERISA fiduciary obligations."  MORE >>

Gallagher

Can Artificial Intelligence Make Health Care More Efficient?

"Economists think technology has been responsible for between 25% and 50% of growth in health expenditure in OECD countries over the past 50 years, growth which has seen the sector's share of GDP grow relentlessly. In many of those countries it has achieved much. And yet, after decades of costly effort, stories still abound of incompatible IT systems, confidentiality breaches and paper records that need to be held on to in parallel to electronic health records. Is there any reason to think that AI can really sort this out?"  MORE >>

The Economist; subscription may be required

Employee Benefits Jobs

View job as Retirement Plan Relationship Manager for ERISA Services, Inc.

Retirement Plan Relationship Manager

ERISA Services, Inc.

Remote

View job as Retirement Plan Relationship Manager for ERISA Services, Inc.

View job as Defined Benefit Plan Enrolled Actuary for Associated Pension Consultants

Defined Benefit Plan Enrolled Actuary

Associated Pension Consultants

Remote

View job as Defined Benefit Plan Enrolled Actuary for Associated Pension Consultants

View job as Participant Services Supervisor for U.S. Retirement & Benefits Partners

Participant Services Supervisor

U.S. Retirement & Benefits Partners

Harrisburg PA / Lakeland FL / Hybrid

View job as Participant Services Supervisor for U.S. Retirement & Benefits Partners

View job as Qualified Retirement Plan Administrator for N.A. Falcone & Associates, Inc.

Qualified Retirement Plan Administrator

N.A. Falcone & Associates, Inc.

Willow Grove PA

View job as Qualified Retirement Plan Administrator for N.A. Falcone & Associates, Inc.

Press Releases

Partners Marc Schechter, Robert K. Butterfield, Corey F. Schechter and Paul D. Woodard Named on 2024 Super Lawyers List

Butterfield Schechter LLP

Milliman Named 'Best in Class' Defined Contribution Recordkeeper

Milliman

OneDigital Announces Acquisition of Legacy Asset Management in Houston

OneDigital

CBIZ’s 2024 State of Health Care Report Highlights Areas of Priority for Employer Benefit Plan Sponsors

CBIZ, Inc.

Webcasts and Conferences
(Health & Welfare Plans)

Fiduciary Oversight of Welfare Benefit Plans

April 18, 2024 WEBINAR

American Bar Association Joint Committee on Employee Benefits [JCEB]

2024 HR Seminar

May 1, 2024 WEBINAR

Warner Norcross & Judd LLP

The HR Guide to Medicare

May 1, 2024 WEBINAR

Corporate Synergies

COBRA Compliance: Employer Tips From Audit Guidelines and Class Action Litigation

May 15, 2024 WEBINAR

Lorman Education Services

Last Issue's Most Popular Items

The 'F' in FSA Does Not Stand for 'Food'

HUB International

The Benefits Employees Want in 2024

Inc.

Ensuring Your Severance Agreements Are Lawful

CDF Labor Law LLP

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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.

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