Entries by Q4i Dev

Here’s A Term Employers Should Remember: “Fiduciary Duties”

  An event occurred that many members of the compliance and benefits world have been waiting for: A major corporation, Johnson and Johnson (J&J), had a complaint filed against them. The fact that a complaint was filed against such a large organization is not unusual. What was startling was that the complaint was not filed against J&J in their role as a manufacturer; instead, it was filed against them as a purchaser of prescription drugs for their workforce. More startling (and a HUGE wake-up call to the benefits community), the complaint wasn’t just against J&J—it was filed against individual employees of J&J, including its Executive Vice President and Chief Human Resources Officer, two Vice Presidents of Human Resources, and TWENTY individual members of the Pension and Benefits Committee, all of whom were fiduciaries to the health plan.

Additional Guidance Issued Regarding Contraceptive Care Coverage Mandate

    Amid reports that many health insurance plans continue to impose barriers to contraceptive coverage, The Departments of Labor, Health and Human Services, and Treasury (collectively, The Departments) have issued additional FAQ guidance addressing first-dollar coverage of contraceptives under the Affordable Care Act’s (ACA’s) preventive health services rules.   Citing the Biden Administration’s clear desire to see that women have access to contraceptive care, these FAQs include a new therapeutic equivalence approach alternative for complying with the ACA’s contraceptive mandate.

Stay Focused in Times of Crisis

The pandemic and the economic downturn that followed put many businesses in shaky situations and left people in uncertain situations that they may still be navigating to this day. It’s not the first, or the last, time in history that business leaders navigated uncertainty. Businesses have been succeeding and failing since capitalism began. It’s a […]