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Health & Welfare Plans Newsletter

April 3, 2024

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Voluntary Benefits: How These Products Work and Why They Boost Employee Wellbeing

"Voluntary benefits act as a shield against unexpected medical expenses and the mental, physical, and financial stresses associated with them. This makes them an incredibly effective way to promote employee wellbeing and provide your plan members and their dependents with an optional way to protect themselves from financial hardship."  MORE >>

OneDigital

Weight Loss Drug Coverage Ends for North Carolina State Employees

"State officials are continuing to negotiate with makers of weight-loss drugs in an effort to reach a better financial deal that would allow coverage of the drugs through the State Health Plan ... The State Health Plan stopped covering weight loss drugs such as Wegovy and Zepbound on [April 1]."  MORE >>

MSN News

Employer Considerations for Lifestyle Spending Accounts

"While offering [a lifestyle spending account (LSA)] generally can be relatively simple from a legal standpoint, there are some important considerations employers should understand ... Because LSAs are not tax-advantaged benefits, employers ... are free to determine the dollar amount available, the benefits available for reimbursement, who will be eligible for the LSA, and the process for reimbursement of expenses."  MORE >>

Arthur J. Gallagher & Co.

Policy Considerations to Prevent Drug Shortages and Mitigate Supply Chain Vulnerabilities in the United States (PDF)

19 pages. "This paper describes policy concepts for consideration, including collaboration with the private sector to develop and implement a Manufacturer Resiliency Assessment Program (MRAP) and a Hospital Resilient Supply Program (HRSP). As described, the combination of these programs would bring transparency into the market, link purchasing and payment decisions to supply chain resilience practices, and incentivize investments in supply chain resilience and diversification in the supply chain -- including domestic manufacturing -- at a scale that would drive impactful change in the market."  MORE >>

Assistant Secretary for Planning and Evaluation [ASPE], U.S. Department of Health and Human Services [HHS]

HHS Submits Annual Report to Congress on HIPAA Privacy, Security, and Breach Notification Rule Compliance

"Notwithstanding the challenges faced by OCR in enforcing HIPAA compliance amidst rising cybersecurity threats and increasing regulatory responsibilities, the Report provides valuable insight into the OCR investigation process.... [The] steeper penalties resulting from failure to maintain recognized security practices should serve as a cautionary tale to covered entities and business associates. Based on the findings highlighted in the Report, here are ... recommendations for entities regulated by HIPAA to improve compliance and enhance data protection efforts."  MORE >>

Benesch

Benefits in General

[Official Guidance]

Text of EBSA Meeting Notice for ERISA Advisory Council

"[T]he 221st open meeting of the [ERISA Advisory Council] will be held on Tuesday, May 14, 2024.... The meeting will take place at the [DOL offices in Washington DC]. The meeting will also be accessible via teleconference and some participants, as well as members of the public, may elect to attend virtually.  ... The purpose of the open meeting is to set the topics to be addressed by the Council in 2024. Also, the ERISA Advisory Council members will receive an update from leadership of the Employee Benefits Security Administration (EBSA)."  MORE >>

Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]

Employee Benefits Jobs

View job as Sr. Actuary for EGPS

Sr. Actuary

EGPS

Remote

View job as Sr. Actuary for EGPS

Selected New Discussions

COBRA Beneficiary Adding Former Employee at Open Enrollment

"Spouse received longer COBRA coverage period at employee's termination then the employee's 18-month coverage period because of employee's Medicare coverage prior to termination. Is there any restriction on the covered spouse adding the former employee back to coverage (here just the dental plan) during the next open enrollment? It seems the spouse (as a qualified beneficiary) must be provided the same election/enrollment rights as an active employee which would permit election of employee + spouse coverage."

BenefitsLink Message Boards

Press Releases

Freedom Fiduciaries® Unveils Revolutionary Retirement Plan System, Freedom 360

Freedom Fiduciaries

MissionSquare Retirement Announces Retirement of Chief Investment Officer Wayne Wicker Following Distinguished Financial Services Career

MissionSquare Retirement

ERISA 50th Anniversary Symposium & Gala: Call for Research Papers

American Retirement Association [ARA]

Webcasts and Conferences
(Health & Welfare Plans)

Pharmacy Pulse: New Cutting-Edge, Compelling, and Costly Treatments

May 15, 2024 WEBINAR

Conference of Consulting Actuaries

The Employer’s Mental Health Parity Update for 2024

May 29, 2024 WEBINAR

Baldwin Risk Partners

ERISA 2024: The Evolving World

August 5, 2024 in NY

PLI [Practising Law Institute]

Last Issue's Most Popular Items

Heightened Fiduciary Standards Are Coming to Group Health Plans

Holland & Hart LLP

Text of HHS Final Rule: Notice of Benefit and Payment Parameters for 2025 (PDF)

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

Agencies Issue Final Regs for Fixed Indemnity Coverage

Lockton

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

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