McDermott Will & Emery Employee Benefits

JUNE 25, 2024

In December 2023, the National Association of Insurance Commissioners (NAIC) adopted a Model Bulletin on the Use of Artificial Intelligence (AI) Systems by Insurers. The model bulletin reminds insurance carriers that they must comply with all applicable insurance laws and regulations (e.g.,

Insurance 98

Insurance Insurance Carriers Employee Benefits Health and Welfare 98

Empuls

AUGUST 28, 2024

  These providers handle the complex tasks of negotiating with insurance companies, managing enrollment processes, and ensuring compliance with regulations. They help identify the most suitable benefits, such as health insurance, retirement plans, and wellness programs.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Total Employee Benefits

DECEMBER 14, 2021

The insurance carrier is generally responsible for plan compliance in a fully insured policy. In the end, whether an organization is fully insured or self-funded, they should make sure their insurance carrier or TPA is ready to meet the demands of this new legislation.

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

Corporate Synergies

NOVEMBER 5, 2018

Knowing how to approach the annual renewal with health insurance carrier, pharmacy benefits manager (PBM) and other players can help the savvy employer save some money while maintaining the same level of benefits as before. A good carrier relationship can help you come to an agreement when negotiating benefit renewals.

Insurance Carriers 45

Insurance Carriers Health and Welfare Insurance Health Insurance 45

Benefits Notes

MARCH 1, 2022

Section 405 of the Employee Retirement Security Act of 1974 (ERISA) provides for joint liability for co-fiduciaries of a pension, health or welfare benefit plan. In this case, there was an enrollment error in signing up an employee for life insurance coverage with his employer – Georgio Armani Corp.

Health and Welfare 40

Health and Welfare Insurance Carriers Life Insurance Pension 40

Corporate Synergies

AUGUST 27, 2018

Healthcare plan participants typically use pharmacy benefits more than any other part of the health & welfare program. There are typically three ways employers work with PBMs: A PBM bundled with the insurance carrier. A “third party carve-out,” in other words, a PBM that is separate from the insurance carrier.

Insurance Carriers 40

Insurance Carriers Health and Welfare Medical Utilities 40

Genesis HR Solutions

JANUARY 8, 2019

Health and welfare benefits and COBRA. Both options manage insurance partners (but in different ways). Both ASOs and PEOs take on the burden of managing vendors, but the difference is that an ASO could potentially be managing an insurance carrier for each of its clients, while a PEO has a single carrier and a team.

Health and Welfare 45

Health and Welfare Insurance Carriers Workers’ Compensation Insurance 45