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Most Read Benefits Management News

More large employers to only offer CDHPs: NBGH survey

Published August 13, 2014 CST

WASHINGTON — Large employers are continuing to pare back the type of health care plans they offer to try to keep costs under control, according to a survey released Wednesday by the National Business Group on Health.

OFF BEAT: Bill for Band-Aid adds insult to injury

Published August 11, 2014 CST

A New Jersey hospital has a public relations emergency on its hands after it charged a man $9,000 to bandage his cut finger.

Silicon Valley startup launches self-insurance option for smaller firms

Published August 12, 2014 CST

(Reuters) — The founders of Collective Health, a Silicon Valley startup, say they can help employers save money by self-insuring rather than paying premiums to a health insurance company.

Stockton, Calif., amends bankruptcy plan, but pension issue hovers

Published August 13, 2014 CST

(Reuters) — The bankrupt city of Stockton, California, has submitted a revised plan to exit Chapter 9 that reflects a ruling over the value of a holdout creditor's collateral, but a question still looms over whether public pensions will be cut.

WellPoint to change name to Anthem

Published August 13, 2014 CST

WellPoint, one of the largest investor-owned health insurers in the country, is looking to rebrand itself as Anthem, pending shareholder approval.

Massachusetts employer health insurance penalty set for repeal

Published August 12, 2014 CST

A Massachusetts health reform law board is scheduled to vote for the final time to repeal regulations relating to a state statute that required employers to either offer health care coverage to their employees or pay a fine.

Wellness programs have value beyond medical cost savings: DMEC speaker

Published August 14, 2014 CST

LAS VEGAS — The business value of having a wellness program and a healthy workforce goes beyond the potential to reduce medical costs.

Cox Enterprises ordered to pay $13.9M to PBGC for News-Journal pension plan

Published August 14, 2014 CST

Cox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp., a federal district judge in Florida ruled.

Kodak bucks trend and enhances pension plan while eliminating 401(k) match

Published August 17, 2014 CST

Employers are expected to examine Eastman Kodak Co.'s counter-trend move to sweeten its defined benefit pension plan and eliminate its 401(k) plan match.

New federal pension law delays higher employer contributions until 2018

Published August 17, 2014 CST

Employers can reduce their contributions to employee pension plans this year thanks to a new federal law allowing them to assume higher interest rates in valuing the size of their defined benefit plan liabilities.

Medical autonomy not violated by ACA's individual health insurance mandate: Court

Published August 08, 2014 CST

A key health care reform law provision that requires individuals to purchase coverage or pay a financial penalty does not violate their constitutional right to make their own medical decisions.

Benefits administration vendors retool to help firms comply with reporting rules

Published August 17, 2014 CST

Providers of benefits administration outsourcing services are scrambling to help employers comply with upcoming tax reporting requirements of the Patient Protection and Affordable Care Act, but few can transmit that information directly to the IRS.

ALCO Stores finds provider to help with automated health benefits enrollment

Published August 17, 2014 CST

ALCO Stores Inc. changed benefit administration outsourcing providers this year to help it meet Patient Protection and Affordable Care Act requirements that the chain of more than 200 stores provide automated enrollment to employees and extend benefits to those working 30 or more hours per week.

Archer Daniels Midland offers pension recipients lump-sum conversion

Published August 07, 2014 CST

Archer Daniels Midland Co. will offer the option to convert their monthly annuity to a cash lump sum to about 10,000 pension plan participants now receiving benefits.

Final vote phases out Massachusetts' state health insurance mandate

Published August 18, 2014 CST

A Massachusetts health reform law board unanimously voted to repeal for a final time rules relating to a landmark state statute that required employers to either offer health care coverage to their employees or pay a fine.

Corporate pension plan funding inches down in July

Published August 18, 2014 CST

The funded status of the 100 largest U.S. corporate pension plans dropped to 85% in July, down from 85.3% in June, said the latest Milliman 100 Pension Funding index.

Brown & Brown unit launches private health exchange consulting practice

Published August 07, 2014 CST

Pacific Resources Benefits Advisors L.L.C., a wholly owned subsidiary of Brown & Brown Inc., has launched a new consulting practice tasked with providing independent third-party guidance on private health insurance exchanges.

Ruling opening up captives to fund benefits hits 35th anniversary

Published August 07, 2014 CST

Thursday marks the 35th anniversary of a U.S. Department of Labor ruling that opened the door for employers to use their captive insurance companies to fund employee benefit risks.

FMLA-related notices should not be sent by regular mail: Court

Published August 07, 2014 CST

Employers should not be sending mandated FMLA notices by regular mail, says an appeals court in reversing a ruling in which an employee claimed she had never received the notice.

Legal & General gets profit boost from company pension deals

Published August 06, 2014 CST

(Reuters) — British life insurance and pensions group Legal & General Group P.L.C. posted better-than-expected profit in the first half of the year, boosted by sales of high-margin pension services to companies.

Buck Consultants renames to reflect Xerox brand unity

Published July 15, 2014 CST

Buck Consultants L.L.C. announced on Tuesday that it has adopted the brand name of its parent company, Norwalk-Connecticut-based Xerox Corp.

R.J. Reynolds must prove 401(k) plan changes didn't hurt participants: Court

Published August 06, 2014 CST

A federal appeals court has ruled that R.J. Reynolds Tobacco Co. will have to present additional evidence to prove that its decision to liquidate two funds in its 401(k) retirement plan did not adversely impact participants.

Buck Consultants at Xerox to freeze pension plan at year-end

Published August 06, 2014 CST

Buck Consultants at Xerox on Wednesday said it will freeze its defined benefit pension plan at the end of 2014 and enhance its 401(k) plan.

U.S. Treasury to put public pensions under scrutiny

Published August 05, 2014 CST

(Reuters) — The Treasury Department's new office on state and local finance will scrutinize public pensions, appointing a specialist in the area and becoming a resource for retirement planning.

Consumer-driven health plans need better educational tools for employees

Published August 03, 2014 CST

Communication and education tools available today to members of consumer-driven health plans are significantly better than when the plans were introduced a decade ago, but they're still not quite what the doctor ordered.