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May 25, 2011

Cafeteria Plan Amendments for Over-the-Counter Drug Restriction Due by June 30
"Starting in 2011, the health care reform law bans tax-free reimbursements for OTC drugs -- other than insulin -- from group health plans (including health flexible spending or reimbursement arrangements), health savings accounts, and Archer medical savings accounts." (Mercer LLC)


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State Health Care Reform Update, May 25, 2011
"With the passage of federal health care reform, states will have increasing responsibilities in regard to employer-provided health insurance benefits. Spencer's Benefits Reports continues to provide regular updates about state health care reform." (Wolters Kluwer Law & Business)

Tracking Wellness Program Performance, Return-on-Investment and Cause-and-Effect
"A healthy, balanced scorecard borrows a tool from Dr. Robert Kaplan and David Norton, who developed the performance management strategy to help companies track their progress towards their corporate vision. We've found that the same tool, applied specifically to a company's wellness strategy, produces equally valuable results." (Employee Benefit News; free registration required)

Half of Early Retiree Health Reimbursement Fund Paid Out
"As of May 3 -- the latest date reimbursement information for the Early Retiree Reinsurance Program is available -- just over $2.4 bil.lion had been paid out, up from $1.8 bil.lion as of March 17, according to CMS." (Business Insurance)

Health Care Reform Update, May 23, 2011 (PDF)
Read this week's update on health care reform legislation, regulations, and initiatives. (ML Strategies, LLC)

Health Care Company Examining Ways to Measure Success Via Results, Not Activity
"This week, WellPoint . . . said it was revamping the way it reimburses about 1,500 hospitals across the nation, so that annual payment increases are pegged to WellPoint's definition of quality care rather than to the quantity of services delivered." (Bloomberg LLP)

Employers See Benefits of Workplace Flexibility
"According to a 2010 report from the president's Council of Economic Advisers, the benefits of flexible workplace arrangements -- less absenteeism and turnover, and improved worker health and productivity -- can outweigh costs." (MarketWatch, Inc.)

Benefits in General; Executive Compensation

Employers Reluctant to Grant Work Flexibility to Employees, and Employees Afraid to Take Advantage of It
"For the employers, the survey found that the reluctance is not happening at the top, but rather among the mid-level mangers who worry that if they give one worker flexibility, then everyone will want it, and if their employees are working remotely, they may not be actually working." (Employee Benefit News; free registration required)

Professionals Look for Companies Hiring with Part-Time Flexible Work Arrangements
"A common route back to work is through staffing agencies that specialize in flexible jobs." (The Wall Street Journal)

Employee Benefits Jobs

Administrative/Assistant Document Specialist
for Pension Administration/Financial Consulting Firm in CA

Relationship Manager
for New York Life Retirement Plan Services in MA

401K Product Manager (Job # 11010EL)
for Paychex, Inc. in NY

401K Sales Hunter
for ADP in CA

Defined Benefit Administrator
for Pacific Coast Actuaries, Inc, in CA

Onsite Participant Counselor - Novi-Southfield, MI
for Diversified in MI

Conversion Project Manager
for Sentinel Benefits & Financial Group in MA

Field Integration Project Manager
for Charles Schwab in TX

Retirement Plan Education Specialist
for The Newport Group in NC

Benefits Process Improvement Manager
for TriNet in FL

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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
dbaker@benefitslink.com

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