McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

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Employee Benefits

MARCH 10, 2023

Retention rates are at a low, with 65% of employees thinking that they can find a better position elsewhere. A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company.

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McDermott Will & Emery Employee Benefits

JULY 2, 2024

To adapt to the evolving healthcare landscape, health systems are seeking to identify alternatives to their traditional hospital-centric models and shift towards patient-centered care delivery.

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Employee Benefits

MAY 20, 2024

Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation. It employs 65 members of staff from its Horbury headquarters and four local health and wellbeing hubs in Wakefield, Pontefract, Normanton and Sandal. The employer pays in at least 7%, or £1,630.

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McDermott Will & Emery Employee Benefits

MAY 9, 2024

The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2024-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2025.

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McDermott Will & Emery Employee Benefits

FEBRUARY 21, 2024

What are some of the major health policy topics on Congress’s plate this year? The post Health Policy Outlook for 2024 appeared first on EMPLOYEE BENEFITS BLOG. Access the report.

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Employee Benefits

JUNE 26, 2024

Employers have not only recognised the importance of employee wellbeing and mental health, but have begun to put it at the top of their people priorities list. This extends to mental health and taking reasonable steps to prevent and manage work-related stress. Preventative measures are absolutely key.

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McDermott Will & Emery Employee Benefits

MARCH 5, 2024

Group health plan sponsors, third-party administrators and other health plan service providers must navigate a shifting legal landscape as they determine how to offer gender-affirming benefits, including whether − and to what extent − group health plans must cover gender-affirming medical or surgical treatments, especially regarding minors.

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McDermott Will & Emery Employee Benefits

MAY 23, 2024

The New York State fiscal year 2024 – 2025 budget institutes a new tax on health plans, including insurers and managed care organizations. This tax has been garnering attention for its promise to yield $4 billion for New York State.

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McDermott Will & Emery Employee Benefits

NOVEMBER 2, 2023

Discrimination on the basis of disability has contributed to significant disparities in healthcare and child welfare.

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Benefit Resource Inc.

AUGUST 2, 2023

While the immediate cost-saving benefits may seem tempting, slashing employee benefits can have detrimental long-term effects on the workforce and the organization. The Importance of Benefits in the Big Picture Employee benefits play a crucial role in shaping the overall well-being and success of an organization.

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McDermott Will & Emery Employee Benefits

FEBRUARY 7, 2024

Multiple states – including Mississippi, New Jersey and Virginia – have been busy finalizing legislation and rulemaking to adopt interstate compacts and expand behavioral health access. The post States Adopt Interstate Compacts, Expand Behavioral Health Access appeared first on EMPLOYEE BENEFITS BLOG. Read more here.

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Employee Benefits

MAY 23, 2023

Underfloor heating specialist firm Gaia Underfloor Heating has provided its workforce with training to promote mental health and staff wellbeing. Steven Rooney, director of Gaia Underfloor Heating, said: “Mind offers fantastic guidance and help for anyone with mental health problems.

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McDermott Will & Emery Employee Benefits

APRIL 16, 2024

New state privacy laws regulating health data impose significant obligations and heightened litigation and regulatory risks. The post Key Takeaways | How to Prepare for New State Health Privacy Laws appeared first on EMPLOYEE BENEFITS BLOG. Access key takeaways and webinar replay.

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Employee Benefits

JANUARY 10, 2024

In the UK, tackling absenteeism in the office requires employers to understand and fulfil their legal obligations regarding the health, safety, and welfare of their employees. The Health and Safety at Work Act 1974 imposes a duty of care on employers to protect their employees from work-related stress.

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Empuls

AUGUST 28, 2024

This not only highlights the importance of employee benefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employee benefits providers? This reduces the administrative burden on HR departments.

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McDermott Will & Emery Employee Benefits

DECEMBER 5, 2023

This post continues our focus on comment letters submitted in response to proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments).

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McDermott Will & Emery Employee Benefits

DECEMBER 13, 2023

The enactment of the Affordable Care Act in 2010 led to a sharp increase in employers self-funding their group health insurance plans, with the market tripling in size in the decade that followed.

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McDermott Will & Emery Employee Benefits

JUNE 20, 2023

At a recent open Commission meeting, the Federal Trade Commission (FTC) voted unanimously to issue a Notice of Proposed Rulemaking to amend the Health Breach Notification Rule (HBNR). The FTC’s proposed amendment aims to codify the HBNR’s application to digital health and mobile technologies.

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McDermott Will & Emery Employee Benefits

AUGUST 3, 2023

Following in the footsteps of Washington State’s My Health My Data Act, the governors of Nevada and Connecticut recently approved Nevada SB 370 and Connecticut SB 3. These bills impose a number of new requirements on the processing of consumer health data.

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McDermott Will & Emery Employee Benefits

JANUARY 23, 2024

On January 2, 2024, McDermott filed an amicus curiae brief on behalf of the ERISA Industry Committee (ERIC) and the United States Chamber of Commerce (Chamber) in United Behavioral Health v. 23-586, in the US Supreme Court.

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McDermott Will & Emery Employee Benefits

MAY 17, 2023

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2024.

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McDermott Will & Emery Employee Benefits

AUGUST 8, 2024

In this update, Jeffrey Davis previews new regulations that could impact the health and welfare benefits industry related to the No Surprises […]

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3Sixty Insights

NOVEMBER 14, 2024

In her 30 years at Peabody, Vice President of Total Rewards, Julie Nadolny has helped build a strong HR team, many with 20+ years’ tenure, to administer health & welfare plans, retirement programs, executive and broad-based compensation programs, and more. employees?

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McDermott Will & Emery Employee Benefits

AUGUST 8, 2023

The proposed regulations […] The post Treasury, DOL and HHS Issue Landmark Mental Health Parity Proposed Rule appeared first on EMPLOYEE BENEFITS BLOG.

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McDermott Will & Emery Employee Benefits

AUGUST 30, 2023

In May 2023, the Florida Legislature amended the Florida Electronic Health Records Exchange Act to add a provision regarding the security and storage of patient information. The post Guarding the Gateway: Florida Tightens Grip on Electronic Health Records Storage appeared first on EMPLOYEE BENEFITS BLOG. Read more here.

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McDermott Will & Emery Employee Benefits

JUNE 21, 2023

US lawmakers recently advanced a broad healthcare bill during a US House Energy & Commerce Health Subcommittee markup. In this Health Policy Breakroom podcast episode, McDermott+Consulting’s Debra Curtis and Rodney Whitlock break down the markup and address extenders, PBMs, site-neutral policies and the timing of this bill.

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McDermott Will & Emery Employee Benefits

SEPTEMBER 19, 2023

Generally, these bills seek to codify (or modify) the requirements around hospital and health plan price transparency as […] The post A Look into House Efforts on Hospital and Health Plan Price Transparency appeared first on EMPLOYEE BENEFITS BLOG.

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McDermott Will & Emery Employee Benefits

MAY 2, 2023

The My Health My Data Act in Washington State (the Act) is expected to be signed into law by Governor Jay Inslee this year, after being passed by both the Washington Senate and House in different versions.

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McDermott Will & Emery Employee Benefits

AUGUST 24, 2023

What is the current state of digital health? In this TripleTree article, Alya Sulaiman offers her perspective on some of the essential AI questions facing the digital health space. Access […] The post Digital Health and the Direction of AI in Healthcare appeared first on EMPLOYEE BENEFITS BLOG.

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Healthcare Employee Benefits Health and Welfare 98

Empuls

OCTOBER 6, 2023

Calculating employee benefits is crucial in creating competitive compensation packages that attract and retain top talent. As employee satisfaction has taken center stage in business success, employers are more willing to offer comprehensive employee benefits.

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WEX Inc.

APRIL 15, 2020

While the coronavirus continues to surge nationwide, HR and benefits professionals are scrambling to address employee benefits issues and concerns.

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Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

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McDermott Will & Emery Employee Benefits

APRIL 25, 2023

Major Points: […] The post Health Data in the EU and UK: Regulatory Trends and Developments appeared first on EMPLOYEE BENEFITS BLOG. Major Points: […] The post Health Data in the EU and UK: Regulatory Trends and Developments appeared first on EMPLOYEE BENEFITS BLOG.

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McDermott Will & Emery Employee Benefits

DECEMBER 15, 2022

A North Carolina health plan’s refusal to cover gender dysphoria treatment violated the Affordable Care Act. Biggs is a win for participants and parents of transgender children enrolled in the North Carolina State Health Plan for Teachers and State Employees. McDermott’s […].

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McDermott Will & Emery Employee Benefits

APRIL 29, 2022

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2023.

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McDermott Will & Emery Employee Benefits

NOVEMBER 12, 2024

The Bulletin includes Notice 2024-71, which provides a safe harbor under Internal Revenue Code § 213(d), treating amounts paid for condoms as medical care expenses eligible for reimbursement under various health plans. It also includes Notice 2024-75, which expands the list of preventive care […]

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