In practice, affected companies will want to review and confirm that their organizations’ actions comply with guidelines, especially with respect to how they oversee third parties hired to administer these plans. And while much of the content in the new cybersecurity guidelines is familiar to those who have worked with plans covered by the Health …

(Photo courtesy of CVS Health) CVS Caremark, CVS’s manager of pharmacy benefits, enters into a larger PBM contract with the government-wide benefit plan, also known as the Federal Employee Program. CVS Health has been the Pharmacy Benefits Manager for the Service Benefits Plan, which provides benefits to the federal workforce, since 1993. The new contract, …

Related practices and jurisdictions In April and May 2020, the U.S. Department of Labor (DOL) and IRS extended certain benefit plan deadlines, such as special health plan registration application deadlines, election deadlines COBRA and the payment of premiums, and deadlines for claims and appeals. This extension was intended to last for the duration of the …

Walmart Inc. has reduced the number of supercenters offering layaways this Christmas shopping season, picking up service in stores where demand is lower. “The stores that continue to set aside were selected based on the use of the program over the past few years,” Walmart spokesman Casey Staheli said Thursday. He did not say how …

Cashback credit cards reward you in ways you can easily figure out – in dollars and cents. Unlike other cards that offer discounts on certain purchases or redeemable points, redemption cards reward you with real money that you can use for, well, anything. Many credit cards offer cash back, so finding the right card can …

A bad credit history can make it difficult to borrow. Defects on your credit report – late or missed payments, or overdue accounts – can hurt your credit score, a factor lenders use to determine whether to extend credit to you. The lower your credit score, the more you are considered a risk. And the …

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Consumers have inferior understanding of the credit score in 2019 than in 2012, when the economy was recovering from the Great Recession, reports the Consumer Federation of America (CFA). The culprits: a …

In accordance with emergency powers granted in the wake of the COVID-19 pandemic, the IRS and DOL have extended a number of deadlines related to benefit plans and granted further relief to members and sponsors. of diets. The Jones Walker of May 22, 2020, Employee Benefits Client Alert, provided a summary of the guidelines. On …

On February 26, 2021, the Employee Benefits Security Administration (EBSA) of the Department of Labor issued Notice 2021-01 (the “Notice”). The notice was issued jointly with the Department of the Treasury, the Internal Revenue Service and the Department of Health and Human Services (the “Departments”). Entitled “Advice on Maintaining Relief for Employee Benefit Plans and …

Thursday 25 February 2021 Employers face uncertainty over the expiration of COVID-19 relief that the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) published in a joint directive on May 4, 2020. The joint guidelines require that employee benefit plans take or suspend certain deadlines during the “epidemic period,” which the guidelines …