eBRIEFS Masthead

March 2012


Featured Article

Two-thirds of Chief Financial Officers believe that providing comprehensive health coverage is important for their companies' financial strategy, but they say they lack information that could help them improve the health of employees, according to a new survey of more than 300 CFOs.  Click here to continue.

In This Issue
Caring for the Caregiver
The Last 401(k) Generation?
Cost of LTC Requires Additional Financial Planning
Risk Management Newsletter
Drunk Driving Car Study

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  For more information on 401(k)s, 403(b)s, and other Retirement Plans, send an email to Paul Carman


For more information on Estate Planning and other Financial Services, send an email to Michael Wynn.


Your FREE online resource for all your safety and OSHA compliance needs.  Whether it is safe driving tips or updating your online OSHA logs, Risk Advisor helps you establish a safety culture in your organization...all at your fingertips.  Click here  for more information.
For more information on our Risk Management products and services, email Nicole McPeek.  

 Legislative/Regulatory Update

HHS Issues Final Rule on Health Insurance Exchanges


HHS issued a final rule to implement state health insurance exchange provisions of the federal health care law.  The rule is effective 60 days after publication in the Federal Register, although HHS will continue to accept comments for some sections of the regulation.  Click here to continue.

Deadline Set for Use of Early Retiree Reinsurance Program Funds


Employers and other early retiree health care plan sponsors have until the end of 2014 to use federal government claims reimbursement funds authorized by the health care reform law, the Centers for Medicare and Medicaid Services. Click here to continue.

Client Advisory on Recent NY RX Laws


Click here to read this advisory on 3 new laws in New York that have taken effective in early 2012.

DOL Updates Online FMLA Advisor


The U.S. Department of Labor recently released an updated version of its Family and Medical Leave Act (FMLA) Advisor. This online resource helps clarify which employers are required to provide FMLA leave as well as which employees are eligible to take such leave. In addition, it outlines valid reasons for leave and employer and employee notice requirements and other responsibilities under the law. Click here to visit the website.

Be Prepared for HIPAA Audits


Most employers have become accustomed to the IRS and Department of Labor periodically auditing their qualified retirement plans. Now, employers must also be ready for HIPAA audits.  Click here to continue.

 Benefit Trends

Caring for the Caregivers

As sporadic caregiving tasks transition into heavy responsibilities, employees could use some help from their employers.  Here are three lessons for HR leaders to help their workers balance caring for loved ones with their productivity at work.

Stemming the Tide of Overtreatment in U.S. Health Care

A leading group of U.S. doctors is trying to tackle the costly problem of excessive medical testing, hoping to avoid more government intervention in how they practice. The American College of Physicians, the largest U.S. medical specialty group, is rolling out guidelines to help doctors better identify when patients should screen for specific diseases and when they can be spared the cost, and potentially invasive procedures that follow.  Click here to continue.

6 Considerations for Employees When Shopping for LTC Insurance


As you consider offering more value-added benefits to your employee population, I encourage you to think about seriously offering long-term care insurance. As many of us are seeing our parents and other family members live well into their 80s and 90s, it's more and more likely that the elderly people in our lives will at some point need long-term care services. Click here to continue. 


 Retirement Plans

The Last 401(k) Generation?

Will the baby boomers be the only generation to retire with 401(k) plans?  It could happen.  Click here to continue.

The 4 Critical Elements of a Successful 401(k) Plan Education Program

The key to success for any 401k plan is disciplined execution, and the key to disciplined execution is education for both the employees and the plan sponsors. Unfortunately, education, despite its importance, often falls to a lower priority status in the busy-ness of business and life.  Click here to continue.

Defined Contribution Plans to Pick Up Lifetime Income Options More Aggressively


Two years after the Internal Revenue Service and U.S. Department of Labor jointly issued a high-profile Request for Information regarding how defined contribution plans can better provide lifetime income, the IRS and Department of the Treasury have issued some initial guidance.  DOL guidance, expected to further underscore the importance of the issue, is anticipated "in the near future."  Click here to continue.

 Risk Management

Bollinger's Risk Management Services Newsletter


Click here to read the most recent issue of our Risk Management newsletter.

To Be Continued?


Say this much for disasters: they're educational. Some, like Y2K, may offer useful lessons in overreaction.  Others, like 9/11, may remain largely incomprehensible.  But most, from Hurricane Andrew to the crisis surrounding Japan's Fukushima nuclear plant, have pushed companies to develop better response plans.  Click here to continue.

Cyber-Threats Will Become Top Worry


The director of the FBI told an annual gathering of cyber-security professionals on Thursday that the agency needs the private sector to help combat what he believes is becoming the nation's No. 1 threat.  Click here to continue.


 Personal Lines

Drunk Driving Study: Car Interlock Devices Reduce Repeat Offenses


Drunk drivers receiving their first conviction were less likely to repeat the crime if they were forced to have alcohol interlock devices on their vehicles, according to an insurance industry study. Click here to continue.

Verify That Your Dwelling Limits are Adequate


One of the painful aftermaths of fire and tornadoes that decimate homes may be the crushing realization that the home is dramatically underinsured.  According to one of the largest residential building cost data companies, Marshall & Swift/Boeckh, 64 percent of U.S. homes are undervalued by an average of 19 percent.  If this figure is applied to a home with a replacement cost of $400,000, it might be insured for only $324,000, a shortfall of $76,000.  Click here to continue.