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Most Recent Benefits Management News

401(k) balances hit record high

By: Jerry Geisel

Published January 29, 2015 - 11:08am CST

Fueled by a strong equities market, employees' 401(k) plan account balances hit a record high at the end of last year, Fidelity Investments said in an analysis released Thursday.

Ford pension plan funding holds steady in 2014

By: Jerry Geisel

Published January 29, 2015 - 10:54am CST

The funded status of Ford Motor Co.’s pension plans remained unchanged in 2014 as strong investment returns offset lower interest rates, which increased the value of plan liabilities, the big automaker reported Thursday.

Federal health exchange enrollment reaches 7.3 million

By: Jerry Geisel

Published January 28, 2015 - 4:38pm CST

Nearly 7.3 million individuals signed up for health insurance plans through the federal exchange during the first 10 weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Wednesday.

Many wellness programs improve worker health, lower costs

By: Matt Dunning

Published January 28, 2015 - 2:15pm CST

More employers believe their workplace wellness programs have had a positive effect on their employees' health and reduced health care costs, but fewer are calculating their programs' total return on investment, according to new survey data.

Veterans' exemption from employer mandate OK'd by Senate committee

By: Jerry Geisel

Published January 28, 2015 - 1:01pm CST

More small employers would be shielded from a health care reform law provision that requires employers to offer coverage or be liable for a stiff financial penalty under legislation approved Wednesday by the Senate Finance Committee.

Health reform law clear on allowing subsidies, Obama administration says

By: Lisa Schencker, Modern Healthcare

Published January 28, 2015 - 10:34am CST

The nation's health care reform law is clear in allowing Americans in all states to get insurance premium tax credits as Congress intended, the Obama administration argues in its main brief filed with the Supreme Court in the widely watched King v. Burwell case.

Anthem's profit beats forecast as enrollments rise

Published January 28, 2015 - 9:47am CST

(Reuters) — Health insurer Anthem Inc. reported a better-than-expected quarterly profit, helped by an increase in premium revenue and memberships for its government plans, particularly in the Medicaid program.

Public exchange enrollment tops 9.5 million

By: Jerry Geisel

Published January 27, 2015 - 3:14pm CST

More than 9.5 million individuals signed up for health insurance plans through the federal and state exchanges during the first nine weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Tuesday.

Health care reform cuts nation's uninsured by nearly 20 million

By: Jerry Geisel

Published January 27, 2015 - 11:00am CST

The 2010 health care reform law will make a huge dent in the number of Americans without health insurance, according to the latest estimates from congressional researchers.

Health exchange enrollees in California get $3.2 billion in fed premium subsidies

By: Jerry Geisel

Published January 27, 2015 - 10:02am CST

California residents eligible for federal health care reform law premium subsidies received $3.2 billion in subsidies — or an average of $5,200 per covered household — to purchase coverage in the state's health insurance exchange, state officials said.

Court says misleading manual provides FMLA coverage

By: Judy Greenwald

Published January 26, 2015 - 3:42pm CST

A Michigan county road commission employee was entitled to coverage under the federal Family Medical Leave Act, even though the commission was not obligated to provide the coverage, because of a misleading statement in its employee manual, says an appellate court.

State challenges health care reform law's reinsurance fee

By: Jerry Geisel

Published January 26, 2015 - 3:24pm CST

The state of Ohio and several Ohio public entities, including universities, filed suit Monday in federal court challenging as unconstitutional a health care reform law-authorized program that requires employers to pay billions of dollars to the federal government.

U.S. Supreme Court rules for employer in retiree benefits fight

Published January 26, 2015 - 11:46am CST

(Reuters) — The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward health care costs.

Mental illness disability claims require specialized input

By: Matt Dunning

Published January 23, 2015 - 4:40pm CST

PHILADELPHIA — More often than not, effective management of disability insurance claims related to mental illness requires a specialized understanding of the comorbid relationships they share with physical medical conditions.

Timken to buy Prudential annuity for pension benefits

By: Jerry Geisel

Published January 23, 2015 - 11:38am CST

North Canton, Ohio-based bearings and power transmissions manufacturer The Timken Co. said it is buying a group annuity to provide pension benefits to about 5,000 retirees and their beneficiaries.

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