Employer Strategies

By ending the sale of tobacco products in its 7,600 pharmacies, CVS Caremark Corp. is redefining itself as a health-care provider in an environment in which millions of newly insured Americans will be looking for quick and convenient medical care.

Health insurers under pressure to keep premiums low are eliminating some hospitals from coverage in a cost-cutting strategy that threatens to freeze out centers that provide specialized care, limiting patient options.

A handful of recent guidance items that the Departments of Labor, Health and Human Services, and Treasury have issued make some important changes related to the regulation of “excepted benefits.” These changes are driven in large part by the insurance market reforms and other provisions of the Affordable Care Act (ACA). For the most part, these changes should be welcomed by both employers and employees as they endeavor to comply with the ACA.

Health care plan sponsors planning to get in the front of costly services this year may want to consider increasing employee communication, particularly if they have high deductible health plans. New data from Change Healthcare shows wide price variability among some common medical procedures.

Some 403(b) plan sponsors believe that if they are exempt from ERISA, they cannot be held accountable as an acting-fiduciary. This is a misconception.

Long a provider of backend technology solutions to other private exchanges and employers, bswift announced today the launch of its own private health insurance exchange, Springboard Marketplace.

Insurers participating in Obamacare may have to expand their plans to include more federally funded health clinics, safety-net hospitals and other medical providers used by low-income people, under a U.S. proposal.

Proactive vision care has been linked to early detection of chronic diseases such as diabetes, high blood pressure and high cholesterol. However, a new study from HCMS Group finds that stand-alone vision benefits can equate to nearly $100,000 in health care cost savings for large employers over a four-year span.

The employer coverage mandate and other ACA requirements relevant to employer sponsors of health and welfare plans will be discussed in detail as part of the “ACA Update — What Went Right, What Went Wrong — And What Now?” presentation at the Workplace Benefits Renaissance on Feb. 24, 2014.

After losing two colleagues in a short period of time (one in a car accident caused by an undetermined medical issue and one from a heart attack) Joe Mina, a captain in the criminal investigations division with the Harford County Sheriff’s Office in Bel Air, Md., increased his efforts to implement a more comprehensive health screening program for employees.