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Most Recent Benefits Management News

Aon Hewitt unveils new health plan design for retirees

By: Jerry Geisel

Published October 30, 2014 - 3:31pm CST

A new retiree health care benefits design unveiled by Aon Hewitt and linked to its private health insurance exchange will give Medicare-eligible retirees greater financial incentives to select more cost-effective plans.

Maximum 2015 FSA contribution allowed increased to $2,550

By: Jerry Geisel

Published October 30, 2014 - 1:41pm CST

The maximum contribution employees will be able to make to their flexible spending accounts will rise in 2015 by $50 to $2,550, while the maximum pretax contribution employees can make to cover mass transit expenses will be unchanged.

Cigna says third-quarter revenue increased with customer growth

Published October 30, 2014 - 9:55am CST

Cigna Corp. on Thursday reported a higher-than-expected third-quarter profit as it signed up more medical customers and collected more insurance premiums and administrative fees.

Federal judge blocks new HHS workaround for birth-control coverage

By: Lisa Schencker, Modern Healthcare

Published October 30, 2014 - 9:44am CST

A federal judge in Florida on Tuesday jumped into the latest round in the legal wrangling over a Patient Protection and Affordable Care Act provision involving birth-control coverage and how it applies to religious institutions.

Will the Supreme Court accept the Obamacare subsidy challenge Friday?

By: Lisa Schencker, Modern Healthcare

Published October 30, 2014 - 9:24am CST

The U.S. Supreme Court justices are scheduled on Friday to discuss whether to accept a case with the potential to severely disrupt health coverage for millions of Americans under the Patient Protection and Affordable Care Act. If they take the case, it could introduce an unexpected issue into next Tuesday's elections over the future viability of the healthcare reform law.

Hub International acquires benefits consultant Laurus Strategies

By: Joanne Wojcik

Published October 29, 2014 - 4:04pm CST

Chicago-based Hub International Midwest, a division of broker Hub International Ltd., is acquiring the assets of Laurus Strategies, an employee benefits, human resource technology and global benefits consulting business also based in Chicago.

Honeywell latest firm to draw EEOC scrutiny over wellness program penalties

By: Matt Dunning

Published October 29, 2014 - 1:46pm CST

Honeywell International Inc. on Wednesday called the EEOC's recent lawsuit against the company over plans to penalize workers who refuse to participate in its workplace wellness program “frivolous” and “out of step.”

Gatorade's workplace fitness program not your average wellness initiative

By: E.J. Schultz, AdvertisingAge

Published October 29, 2014 - 10:45am CST

Imagine setting a fitness goal — and then announcing it to your entire workplace. Or joining your office-mates in a daily round of planks or jumping jacks.

WellPoint beats Wall Street expectations as customers grow

Published October 29, 2014 - 9:44am CST

(Reuters) — WellPoint Inc on Wednesday reported third-quarter profit that beat Wall Street expectations as the company’s customers increased in its Medicaid business and in new subsidized individual health plans under the national healthcare reform law.

Hartford offering to convert monthly annuity to cash lump sum

By: Jerry Geisel

Published October 28, 2014 - 5:21pm CST

Hartford Financial Services Inc. is offering 13,500 former employees the opportunity to convert their future monthly annuity into a cash lump sum.

ASHRM 2014 Annual Meeting

Published October 28, 2014 - 5:16pm CST

Follow Business Insurance's daily coverage of the American Society for Healthcare Risk Management's Annual Conference & Exhibition in Anaheim, California.

Boeing offers lump-sum, immediate annuity options to 40,000 former employees

By: Barry B. Burr, Pensions & Investments

Published October 28, 2014 - 3:04pm CST

Boeing Co. is offering an option of a lump-sum payout or an annuity to 40,000 former employees who have not yet retired, the first time the Chicago-based company has offered such choices from its existing defined benefit plans.

PBGC $284K payout start of millions for ailing multiemployer pension plans

By: Jerry Geisel

Published October 28, 2014 - 2:41pm CST

The Pension Benefit Guaranty Corp. said Tuesday it has paid out more than $284,000 — the first of what will be millions of dollars in payments — to cover benefits for 365 participants in two insolvent multiemployer pension plans.

HCA to acquire urgent-care provider, sets share buyback

Published October 28, 2014 - 9:50am CST

(Reuters) — HCA Holdings Inc., the largest U.S. hospital operator, on Tuesday announced a deal to acquire a Dallas-based provider of urgent-care services and said its board authorized the repurchase of up to $1 billion of its outstanding shares.

Aetna says third-quarter profit rose despite higher health costs

Published October 28, 2014 - 9:40am CST

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, said on Tuesday that third-quarter profit rose as the benefits of its Coventry government healthcare acquisition offset higher medical costs in its commercial business.

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