Category: Benefits

From 401(k) plans to vacation policy, this topic gives HR and Compensation professionals specific strategies on how to handle benefit plans. Articles also provide guidance to brokers, advisers and consultants.

Seeing Growth in Self-Funding, Aetna Spends $600M to Grow Into ASO Market

Industry experts are saying health reform is helping promote the self-funding of health benefits, particularly among smaller employers, which can allow employers to get more of a say over benefits design and payment and help avoid a few reform obligations. Large insurers are, accordingly, betting on self-funding and seeing opportunity in administrative services only (ASO) […]

Health Coverage Premium Subsidies Need Boost, Says White House

Premium subsidies for health insurance coverage under the Health Care Tax Credit (HCTC) program may get a boost due to an agreement being negotiated between the White House and Congress. The HCTC program was enacted as part of the Trade Act of 2002. As originally enacted, it provided a 65-percent tax credit for qualifying health […]

6th Circuit Upholds Health Reform’s Individual Mandate

A three-judge panel from the 6th Circuit Court of Appeals just upheld health reform’s controversial mandate that all individuals buy a minimum of health insurance or pay a penalty, saying that individual mandate is a valid exercise of Congress’ authority. This is the first appeals court ruling on such a challenge. … so 1-0 for […]

HIPAA Privacy Expert Discusses Merger Issues

The kind of information exchange that’s necessary before and during a merger or acquisition can raise thorny HIPAA privacy issues, and federal guidance on the subject is sparse at best — especially for employers and other plan sponsors, Senior Editor David Slaughter writes. In such a transaction between companies that are themselves covered by HIPAA […]

SHRM 2011: Helping Employees Lighten Up, Part 2

In giving SHRM attendees four tips to promote healthy living among employees to help them lose weight, I’m sure corporate health strategist Adam Bordes was aware that many attending his session, “Lighten Up: Daily Strategies for a Lighter, Healthier Workplace” will be using these steps themselves – I certainly will. Bordes’ tips can be divided […]

SHRM 2011: Helping Employees Lighten Up

Weight loss is the most searched term on Google, says corporate health strategist Adam Bordes, and similarly, helping employees lose weight is the most sought-after goal of corporate wellness programs. In “Lighten Up: Daily Strategies for a Lighter, Healthier Workplace,” he gave SHRM attendees several steps to help employees trim fat from their waistlines. Bordes, […]

N.Y. Legalizes Same-sex Marriage

New York State will become the sixth state where same-sex marriage is legal on July 24. Gov. Andrew Cuomo (D) on June 24 signed the Marriage Equality Act (MEA) into law. Same-sex marriage already is legal in Massachusetts, Iowa, New Hampshire, Vermont, Connecticut and the District of Columbia. The measure goes into effect one month […]

Deadline Looms for Plans to Conform with OTC Rules

If you have not updated your plan documents to conform with the new rules for reimbursing the cost of over-the-counter (OTC) drugs under the Patient Protection and Affordable Care Act (PPACA), time is almost up. You only have till June 30! Under the PPACA, only OTC drugs that have been prescribed may be reimbursed through […]

Claims Appeal and Review Obligations Relaxed for Plans, Insurers

Plans and insurers will have an easier time complying with health reform’s internal appeals and external review rules, under rules issued today by the U.S. Departments of Labor, Treasury and Health and Human Services. The changes, such as dropping the requirement for plans to display diagnosis and treatment codes on initial and final notifications of […]