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Most Read Benefits Management News

Alito steps into health reform contraception case

Published April 17, 2015 CST

Supreme Court Justice Samuel Alito has signed an order temporarily granting relief to a handful of Pennsylvania religious organizations from a lower court's decision that they must notify insurers of their intention not to provide birth control to employees, or face fines under the Affordable Care Act.

Specialty drugs helping to drive up overall pharmacy costs

Published April 20, 2015 CST

Employees and retirees will see U.S. pharmacy cost increases reach the low double-digits by 2016 due in part to rising specialty drug costs, according to an analysis by Aon Hewitt released Monday.

Captive benefit funding requests back on the fast track

Published April 21, 2015 CST

The U.S. Labor Department's final authorization of a health care service firm's application to fund benefit risks through its captive insurance company affirms that the door again is open to employers to seek fast regulatory review of their captive benefit funding proposals.

Financial incentives for wellness gain popularity

Published April 21, 2015 CST

The number of employers that use financial incentives to drive employee engagement in workplace wellness programs continued to grow in 2014, a new survey shows.

Health care law reinsurance fee to generate about $10 billion says HHS

Published April 17, 2015 CST

A health care reform law-created program that imposes a fee on self-funded employers and other health care plan sponsors is expected to generate enough revenue to partially reimburse insurers — under earlier government set standards — covering those with high health care costs in the individual market, federal regulators say.

Clock's ticking for employers who overpaid ACA reinsurance fee

Published April 23, 2015 CST

Employers that realize they overpaid a health reform law-mandated “reinsurance” fee generally have until April 30 to seek a refund from the Centers for Medicare and Medicaid Services, regulators have disclosed.

Health reform law's approval rising slowly

Published April 21, 2015 CST

For the first time in nearly three years, more Americans approve of the Affordable Care Act than disapprove of it, according to the latest tracking poll by the Kaiser Family Foundation.

EEOC proposes rules for workplace wellness financial incentives

Published April 16, 2015 CST

The U.S. Equal Employment Opportunity Commission on Thursday published a long-awaited set of proposed rules clarifying the agency's stance on the use of financial incentives within workplace wellness programs.

Thousands take advantage of health exchange special enrollment

Published April 21, 2015 CST

As of April 13, more than 68,000 individuals have taken advantage of a special enrollment period to enroll in health care plans offered through the federal health insurance exchange, federal regulators disclosed Monday.

Business-backed group says ditch insurance mandates, give everyone credits

Published April 24, 2015 CST

Congress should overhaul the Affordable Care Act’s insurance subsidies and scrap the individual and employer mandates, the Conference Board’s Committee for Economic Development said in a report.

DC plans playing catch-up on education for roll-ins

Published April 20, 2015 CST

Defined contribution plans — from the International Paper Co. 401(k) plan to the federal Thrift Savings Plan and Oregon Savings Growth Plan — are allowing employees to roll in disparate retirement account balances from previous employers and individual retirement accounts, trying to help reduce the burden of managing multiple accounts and take advantage of lower fees.

Health care support firm gets OK to fund benefits in its captive

Published April 16, 2015 CST

The U.S. Labor Department has given final authorization to Healthcare Services Group Inc., a Bensalem, Pennsylvania-based provider of management and other services to health care companies, to fund voluntary medical, life and short-term disability benefits through its New Jersey-based captive insurance company.

Uninsured rate for adults drops 40% since 2013

Published April 16, 2015 CST

Aided by health care reform law provisions that took effect at the beginning of 2014, the percentage of uninsured nonelderly adults has fallen by more than 40%, according to a new analysis.

(subscription required)Overlooking high-deductible health plan rule could cost employers

Published March 29, 2015 CST

Recent federal regulatory health care reform law guidance will require many employers with high-deductible health care plans to redesign those plans to reduce claim costs picked up by employees with family coverage.

Bill would extend Health Coverage Tax Credit

Published April 17, 2015 CST

Employees who have lost their jobs due to foreign competition, as well as retirees in failed pension plans, again would be eligible for federal health insurance premium subsidies under legislation introduced Thursday in the U.S. Senate.

(subscription required)Health exchange subsidy ruling by Supreme Court may spur action in Congress

Published March 15, 2015 CST

A U.S. Supreme Court decision striking down premium subsidies for millions of people obtaining health insurance through the federal exchange could result in the first major bipartisan congressional effort to change the health care reform law.

Illinois deferred compensation plan sets auto re-enrollment

Published April 07, 2015 CST

The Illinois State Board of Investment is automatically re-enrolling all 52,000 participants in the $4.1 billion Illinois State Employees' 457 Deferred Compensation Plan, based in Springfield, driving members out of the most popular investment option in the process.

Funding of big pension plans dips in March

Published April 23, 2015 CST

The funded status of very large pension plans sponsored by public companies dipped in March as a slight decline in interest rates boosted the value of plan liabilities, according to a Milliman Inc. survey released Thursday.

Thousands take advantage of West Coast health exchange special enrollment

Published April 24, 2015 CST

Thousands of uninsured individuals in California and the state of Washington have tapped a special enrollment period to enroll in health care plans offered through the two states’ health insurance exchanges.

Congressional Budget Office cuts estimates for health reform costs

Published March 09, 2015 CST

(Reuters) — U.S. Congressional forecasters on Monday once again cut their estimate of health care reform insurance coverage costs.

Pension agency requires employers to disclose risk-transfer details

Published March 10, 2015 CST

Employers that reduce the risks associated with offering pension plans now face a new reporting requirement: disclosing basic information about the transactions to the PBGC as part of paying their annual premium to the federal agency.

Illinois solicitor general says pension clause can be 'altered'

Published March 12, 2015 CST

Oral arguments over the constitutionality of Illinois' 2013 pension reform law began at the Illinois Supreme Court on Wednesday afternoon.

Illinois Supreme Court to hear oral arguments on landmark pension reform law

Published March 11, 2015 CST

The Illinois Supreme Court will hear oral arguments on the constitutionality of Illinois’ pension reform law Wednesday afternoon.

Prudential CEO Tidjane Thiam to join Credit Suisse

Published March 10, 2015 CST

Prudential P.L.C. announced Tuesday that group CEO Tidjane Thiam will step down from his post this year and join Swiss bank Credit Suisse A.G. as CEO.

Corporate wellness programs growing in popularity

Published March 29, 2015 CST

In our latest In Focus video, we take a look at how workplace wellness programs are improving employees' health and helping employers reduce medical costs.