The Department of Labor (DOL) on February 26, 2021 issued the Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01 which provides guidance on the length of COVID-19 relief to be allowed under the Timeline Extension Rule. Background: On March 13, 2020, President Trump declared a national emergency related to COVID-19 and established that the [...]
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As a way to give small businesses the opportunity to offer their employees a workplace-based retirement savings option that is easy and inexpensive to maintain, the Department of Labor moved to establish rules for Pooled Employer Plans or PEP. According to the law, pooled plan providers will need to register with the Labor and Treasury [...]
With enrollment in Medicare Part D and specialty drug costs exploding, it’s no surprise that forecasts predict 7 percent annual growth for PBMs over the next several years. Two trends noted in the report were the continued acquisition or startup of PBMs by insurance carriers and the need for employers to better understand their options [...]
On June 25, 2019, Governor Ned Lamont signed into law Connecticut’s Paid Family and Medical Leave law (CTPFML). Below are some highlights from the new law updated with the most recent developments. Employers were required to begin collecting contributions from employees in January 2021. The new CTPFML program will expand the existing Connecticut Family and Medical Leave [...]
Researchers define virtual health as continuous, connected care delivered using digital and telecommunication technologies. Healthcare consumers can think of virtual health as telemedicine and video doctor visits, remote patient monitoring, asynchronous communication, medication adherence and provider-facing solutions such as virtual consults and second opinions. To consider the future impact of virtual health, the Deloitte Center [...]
If 2020 wasn't everyone’s most stressful year, it has to rank among the top for sure. From hardship created by the Coronavirus to unrest in our biggest cities, virtually everyone’s routines have been disrupted. Whether you’re working from home or transitioning back to the office, here are some steps you can take to improve your [...]
For many of us, the start of another week means trudging downstairs to a make-shift office, in our sweats, with the dog following close behind. It means balancing 8th grade algebra and 5th grade spelling tests in the middle of Zoom calls and emails to clients. It means a routine that is casual but boring. [...]
In late January 2020, The Department of Health and Human Services (HHS) issued a public health emergency declaration. Several payment policies and regulatory adjustments are attached to the public health emergency, including the Medicare inpatient 20% add-on payment, Medicaid matching rates, and requirements that insurers and health plans cover COVID-19 testing without cost-sharing, and waivers [...]
When the independent think tank finds that on average, prices paid to hospitals by younger, healthier policyholders were 100 percent higher than what Medicare would have paid for the same procedures, it’s easy to understand the impact that payment contracts based on what Medicare pays can have on health plan costs. In contrast to traditional [...]
This article was published January 10, 2021 on HK-Now.com, written by Kathy Brown. (Jan. 9, 2021) — Aleia Goodison and Vincent Scileppi Jr. recognized a problem and found a solution. “Vincent and I realized that the pandemic was making it harder than usual for low-income or struggling families to provide food for themselves,” said Aleia, [...]