October 2012 - Employee Benefits I AP Benefit Advisors

Aetna Survey: Choosing heath care benefits second-most difficult decision

By Michael K. Stanley, Lifehealthpro.com Americans feel that choosing their health care benefits is the second-most difficult major life decision that they face, second only to saving for retirement. The findings come on the heels of a new survey by Aetna. The Empowered Health Index Survey found that survey participants thought that the proper selection […]

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Wellness Programs Save Employers $1 to $3 for Every Dollar Spent

From the International Foundation of Employee Benefit Plans Most employers that have analyzed the financial impacts of their wellness programs have found $1 to $3 decreases in their overall health care costs for every dollar spent, according to the report titled A Closer Look: Wellness ROI by the International Foundation of Employee Benefit Plans. The […]

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IRS Announces 2013 401(k) limits and more

IRS Announces 2013 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013 WASHINGTON — The IRS (Internal Revenue Service) today announced Cost of Living Adjustments (COLAs) affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013.  In general, many of the pension plan limitations will […]

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Physician practices concerned over ICD-10 readiness

Erin McCann, Healthcarefinancenews.com Medical practices nationwide have expressed their concern regarding the impact of an ICD-10 switchover, according to a recent survey finding 96 percent of respondents concerned about the transition to the updated coding system. The Nuesoft Technologies sanctioned survey, “Attitudes Toward the Transition to ICD-10 and ANSI-5010,” also showed that 73 percent of […]

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PPACA – FAQs from the Department of Labor

The Employee Benefits Security Administration (EBSA) is a division within the US Department of Labor.  Their “Affordable Care Act landing page” has some contains detailed information regarding implementation of the Affordable Care Act (PPACA) that includes: ACA Implementation Frequently Asked Questions Part I  This set of FAQs addresses implementation topics including compliance, grandfathered health plans, […]

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Employer Obligations under Medicare Part D – 10/15 Deadline revisted

Employer Obligations under Medicare Part D Original Post:  October 7, 2011; Re-posted: October 10, 2012 Each year, Medicare beneficiaries are allowed to voluntarily enroll in a Medicare outpatient prescription drug program (“Medicare Part D”).  The law that authorizes this Medicare benefit also imposes an obligation on employers and plan sponsors that provide prescription drug coverage […]

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Job satisfaction linked with benefits offerings

By Warren S. Hersch, Benefitspro.com More than one-third of all employees are prepared to bolt their current employer absent an improvement in their benefits package. So notes new research from Aflac, which published this finding in its 2012 Aflac Workforces Report. The company conducted the survey in partnership with the national polling firm Research Now. When […]

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Kaiser: Where Is PPACA Making a Difference?

By Allison Bell The Patient Protection and Affordable Care Act of 2010 (PPACA) seems to be having a growing effect on group health coverage, researchers say. The researchers, at the Henry J. Kaiser Family Foundation, Menlo Park, Calif., and the Health Research & Educational Trust, Washington, have reported that finding in a report based on […]

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Insurance Dependents Can Face Special Challenges On Privacy

Kaiser Health News By Michelle Andrews Elizabeth Nash was 21 and just finishing her junior year at the College of William & Mary when she had a miscarriage. She planned to tell her parents about it in person, but her insurer beat her to it when, as a matter of routine, it mailed them a […]

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