Employee Benefits Archives - Page 54 of 151

Digital Health as Healthcare Delivery: A Path to Transform Care Delivery Post-Pandemic

by Jennifer S. Geetter | Dec 31, 2020 | Employee Benefits, Health and Welfare Plans, Privacy and Data Security

As has been widely noted, the COVID-19 pandemic has prompted countless people to rely on telehealth and virtual monitoring for their healthcare needs. This dramatic pivot is catalyzing a demand for digital health tools that will persist post-pandemic, as providers, payers and patients alike grow accustomed to the benefits of digital care.

In a recent article for MedTech Intelligence, McDermott partner Jennifer S. Geetter outlines specific steps that digital health technology developers and providers can take to integrate digital health into our care delivery system.

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Passage of California Privacy Act Could Spur Similar New Regulations in Other States

by Laura Jehl | Dec 21, 2020 | Employee Benefits, Employment, Labor, Privacy and Data Security

On November 3, California citizens approved the California Privacy Rights and Enforcement Act (the CPRA), a comprehensive privacy law that amends another privacy law that went into effect in the state on January 1, the California Consumer Privacy Act (CCPA). The CPRA is intended to strengthen privacy regulations in California by creating new requirements for companies that collect and share sensitive personal information. It also creates a new agency, the California Privacy Protection Agency, that will be responsible for enforcing CPRA violations.

In a recent article in CSO, McDermott partner Laura Jehl discussed the impact of the CPRA on the future of privacy legislation in the United States.

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Final Rule for Selecting Retirement Plan Investments Leaves “ESG” Behind

by Brian Tiemann and McDermott Will & Schulte | Dec 17, 2020 | Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans

In recent guidance, the Department of Labor clarified the retirement plan standards for environmental, social and corporate governance (ESG) investing without mentioning the term ESG. The new guidance provides that, when selecting and monitoring plan investments, an Employee Retirement Income Security Act (ERISA) fiduciary must never sacrifice investment returns, take on additional investment risk or pay higher fees to promote non-pecuniary benefits or goals.

Teal Trujillo, an incoming associate in our Chicago office, also contributed to this On the Subject.

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Podcast | After the Curve: Focus on Health Insurance and Coverage

by Ankur J. Goel and Kate McDonald | Dec 15, 2020 | Employee Benefits, Health and Welfare Plans

COVID-19 has catalyzed significant changes in the patterns of healthcare delivery, with the potential for long lasting effects on payors as a result. In this episode of the After the Curve podcast, we discuss how the COVID-19 pandemic may shift the healthcare coverage and payment landscape as well as how it may boost integration among payors and providers. McDermott’s Chief Marketing Officer Leslie Tullio is joined by Kate McDonald and Ankur Goel to discuss relevant topics for both payors and the healthcare industry.

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Agencies Issue Final Employer Healthcare Price Transparency Rule

by Jacob Mattinson and Sarah Raaii | Dec 10, 2020 | Employee Benefits, Health and Welfare Plans

On October 29, 2020, the US Departments of Health and Human Services, Labor, and Treasury (collectively, the Departments) issued the Transparency in Coverage final rule (the Rule), along with a fact sheet, setting forth requirements for group health plans and health insurance issuers to disclose cost-sharing information upon request to participants, as well as additional pricing information to the general public.

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Securing Retirement: Additional SECURE Act and Miners Act Guidance for Retirement Plans

by Jeffrey Holdvogt and Diane Morgenthaler | Dec 9, 2020 | Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Executive Compensation, Retirement Plans

The Internal Revenue Service (IRS) recently issued practical and helpful guidance in a question-and-answer format for tax-qualified retirement plans and for an Individual Retirement Arrangement (IRA), regarding the legislative changes under the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) and the Bipartisan American Miners Act of 2019 (the “Miners Act”).

Teal Trujillo, an incoming associate in our Chicago office, also contributed to this On the Subject.

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Be Sure to Change Furloughs into Layoffs Lawfully

by McDermott Will & Schulte | Dec 8, 2020 | Employee Benefits, Health and Welfare Plans, Labor

Employers that are converting furloughs into permanent layoffs need to ensure compliance with the Worker Adjustment and Retraining Notification (WARN) Act and with the Consolidated Omnibus Budget Reconciliation Act (COBRA).

In a recent article by the Society for Human Resource Management, McDermott partner Carole Spink explains why employers should carefully consider both state and federal regulations—and the importance of clear communication—when converting furloughs into layoffs.

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4 Tips to Help Benefits Plans Achieve Mental Health Parity

by McDermott Will & Schulte | Nov 20, 2020 | Employee Benefits, Health and Welfare Plans

As federal benefits regulators turn their focus toward plans’ mental health offerings and California lawmakers expand plans’ obligations in that area, now is a great time for employers to ensure their plan approaches mental health treatment the same way as traditional medical care.

In a recent article by Law360, McDermott partner Judith Wethall helps explain the importance of mental health parity in benefits plans.

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Supreme Court Appears Willing to Leave Obamacare in Place

by Michael B. Kimberly | Nov 11, 2020 | Employee Benefits, Health and Welfare Plans

During arguments in a case seeking to eliminate Obamacare, two of the US Supreme Court’s conservative justices signaled they would not strike down the landmark legislation. In a recent article by CNBC, McDermott partner Michael Kimberly discussed the significance of this case and the Court’s upcoming decision.

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Labor Relations Could See Changes under Biden

by Christopher Foster | Nov 10, 2020 | Employee Benefits, Labor

As the US election cycle begins to wind down, labor stakeholders say one thing is clear: Labor relations across the nation could see big changes under Democratic president-elect Joe Biden. In a recent article by the Daily Journal, McDermott partners Ron Holland and Chris Foster discuss the impacts a Biden presidency could have on the National Labor Relations Board and the state of labor relations in the United States.

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