Here’s A Term Employers Should Remember: “Fiduciary Duties”

February 22, 2024

  An event occurred that many members of the compliance and benefits world have been waiting for: A major corporation, Johnson and Johnson (J&J), had a complaint filed against them. The fact that a complaint was filed against such a large organization is not unusual. What was startling was that the complaint was not filed against J&J in their role as a manufacturer; instead, it was filed against them as a purchaser of prescription drugs for their workforce. More startling (and a HUGE wake-up call to the benefits community), the complaint wasn’t just against J&J—it was filed against individual employees of J&J, including its Executive Vice President and Chief Human Resources Officer, two Vice Presidents of Human Resources, and TWENTY individual members of the Pension and Benefits Committee, all of whom were fiduciaries to the health plan.

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Illuminating the Truth: Employee Benefits & Insurance Myths vs. Facts

February 15, 2024

There’s a lot of insurance information out there, and sometimes it’s hard to separate fact from fiction. But as Jonathan Frakes, the host of the television show Beyond Belief: Fact or Fiction? always said, you must have a discerning eye to separate what is true from what is false.

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Additional Guidance Issued Regarding Contraceptive Care Coverage Mandate

February 8, 2024

    Amid reports that many health insurance plans continue to impose barriers to contraceptive coverage, The Departments of Labor, Health and Human Services, and Treasury (collectively, The Departments) have issued additional FAQ guidance addressing first-dollar coverage of contraceptives under the Affordable Care Act’s (ACA’s) preventive health services rules.   Citing the Biden Administration’s clear desire to see that women have access to contraceptive care, these FAQs include a new therapeutic equivalence approach alternative for complying with the ACA’s contraceptive mandate.

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Knowledge Is Power: Key Takeaways about 2024 Health and Benefit Strategies

February 1, 2024

As we step into 2024, it’s crucial to stay informed about the latest trends and strategies shaping our workplaces. We understand the delicate balance you maintain between nurturing your employees’ wellbeing and managing the practicalities…

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Prioritizing Soft Skills and the Human Touch in an AI-Focused Environment

January 25, 2024

As we look towards a future intertwined with technology, it’s clear that human capabilities, particularly soft skills, retain their relevance in the workplace. Amidst the surge of AI, inherently human attributes—understanding, empathy, and the capacity…

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Level-Up Dialogues: Give a Boost to Team Ambition and Growth

January 18, 2024

It’s a fact that employers cannot ignore: employee turnover is a fact of business, and the costs of replacing an employee are high. It’s estimated that replacing an employee costs 3 to 4 times that…

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