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

  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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Additional Guidance Issued Regarding Contraceptive Care Coverage Mandate

    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

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 of budgets and benefits. So, we’ve combed through the Health & Benefit Strategies for 2024 survey report to break down…

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

Businesspeople standing around and having a meeting

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 to negotiate and lead with emotional intelligence—remain crucial for a well-rounded, effective team dynamic. Creating an integration of AI and…

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