Employee Benefit News Clips: January 19, 2024
Ryan Wiggins
Healthcare is Robbing Your Employees—I’m Here to Stop It | 10-40% Cost Savings | Health Rosetta Advisor
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Benefits News
January 18, 2024 – Polsinelli PC
On Jan. 12, 2024, the D.C. mayor signed the Wage Transparency Omnibus Amendment Act, mandating employers in D.C. to disclose salary and hourly wage information in job advertisements, and expanding pay transparency obligations to prohibit screening based on compensation history and inquiries about salary or pay history from job applicants.
January 17, 2024 – Venable LLP
The new year brings forth new employee leave obligations across the United States, with notable changes affecting employers in specific states. Minnesota enforces a statewide earned sick and safe time law, Illinois sees the implementation of the Paid Leave for All Workers Act, Colorado launches its state-run Family and Medical Leave Insurance program, California amends its statewide paid sick leave law, and New York adjusts premium rates and maximum employee contributions for the NY Paid Family Leave Law.
January 16, 2024 – JAMA Network
This economic study indicates that rising healthcare premiums are linked to decreased annual earnings, heightened earnings inequality across racial/ethnic and wage groups, and a reduction in median cumulative family earnings. The study suggests a need for further research and corresponding healthcare policies to address the impact of riding premiums on employee wages and income inequality.
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January 16, 2024 – Littler Mendelson P.C.
The Uniformed Services Employment and Reemployment Rights Act (USERRA) stands apart with 10 key aspects outlined in this article, emphasizing its ongoing relevance for employers due to recent legal developments. Notable features include no statute of limitations, no need to exhaust administrative remedies, broad coverage of all employers, and extensive benefits and reemployment protections.
January 12, 2024 – Venable LLP
This alert outlines upcoming deadlines under the ACA and state laws for health coverage in 2023, with ACA deadlines from Feb. 28, 2024, to April 1, 2024, and state deadlines from Jan. 31, 2024, to April 30, 2024.
January 12, 2024 – The ERISA Industry Committee (ERIC)
The ERISA Industry Committee has announced its 2024 policy priorities, advocating for legislative and regulatory reforms to empower large employers in offering consistent and innovative benefits nationwide, with a focus on preserving national uniformity and defending plan sponsors’ ability to design efficient benefits, particularly in the context of the 50th anniversary of the Employee Retirement Income Security Act of 1974 (ERISA).
January 11, 2024 – Woodruff Sawyer
A key takeaway from a recent lawsuit is the need for plan administrators, usually plan sponsors, to engage with provider opinions and “effectively and meaningfully” communicate with participants regarding decisions when denying coverage.
January 11, 2024 – Foley & Lardner LLP
The FDA has authorized Florida’s plan to bulk purchase medicines from Canadian wholesalers for its Medicaid programs, government clinics, and prisons; however, Florida must navigate various administrative, legal, and regulatory challenges, including the submission of a Pre-Import Request to FDA, testing protocols, and potential litigation, before any Canadian drugs can be imported under the approved plan, which is authorized for a two-year period.