Question remained whether employee was prejudiced by leave denial

A hospital medical staff coordinator was allowed to continue with her claim that her employer violated the FMLA by denying one request for leave and terminating her after she returned from another instance of leave. At issue: whether she was prejudiced by the leave denial, given that she was provided a flexible schedule instead, which […]

Guidance reminds health insurers they cannot deny coverage based on gender identity

The New York Department of Financial Services (DFS) has sent a circular letter to health insurers in New York stressing that they cannot discriminate or deny coverage based on gender identity. New York Governor Cuomo said the action is aimed at making sure that transgender and gender-nonconforming individuals receive coverage regardless of whether they present […]

U.S. workers poised to spend an average of $5,200 in health care costs in 2018

Recent upticks in medical inflation, coupled with continued increases in out-of-pocket cost sharing, is likely to boost U.S. employees’ health care cost increases in 2018 to the highest levels in three years, according to a new actuarial analysis by Aon. The analysis found that after plan design changes and vendor negotiations: The average health care […]

More employers are requiring same-sex couples to marry to receive health benefits

Employers are increasingly requiring same-sex couples to legally marry to receive health care benefits, data from the International Foundation of Employee Benefit Plans reveals. The trend follows the June 2015 Supreme Court ruling that legalized same-sex marriage. Immediately after the 2015 Supreme Court ruling that legalized same-sex marriage, three in ten employers reported they were […]

Spencer’s Benefits NetNews – September 1, 2017

  About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe Resources Online Store […]

ERISA preempted state unpaid leave claim; policy was VEBA-plan dependent

An employee’s unpaid leave claim under the Illinois Wage Payment and Collection Act was completely preempted by ERISA because the employer’s leave policy was dependent on the terms of its VEBA plan, ruled the Seventh Circuit. In affirming the district court’s grant of summary judgment for the employer, the appeals court found that the employee’s […]

HSA assets reach $42.7 billion in June

Health savings accounts (HSA) have grown to an estimated $42.7 billion in assets and 21 million accounts as of June 30, 2017, according to the 2017 Midyear Devenir HSA Survey. Devenir is projecting that the HSA market will exceed $60 billion in HSA assets held amongst nearly 30 million accounts by the end of 2019. […]

2017 monthly national average premium provided

The IRS has issued guidance providing the 2017 monthly national average premium for qualified health plans that have a bronze level of coverage for taxpayers to use in determining their maximum individual shared responsibility payment under Code Sec. 5000A(c)(1)(B). An explanation of the methodology used to determine the monthly national average premium amount also is […]

Pension & Benefits NetNews – August 29, 2017

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Financial wellness programs on the upswing, reflecting high costs of financial stress

Mercer has released the second installment of the Inside Employee Minds (IEM) Financial Wellness survey, which found that employers could lose up to $250 billion in lost wages due to employees’ stress about their personal finances. Employees reported spending approximately 150 hours annually of their work time worrying about money. On a total US wage […]