CVS/caremark, NRECA’s pharmacy benefit manager, updates the formulary list annually. Effective January 1, 2017, the drugs removed from the formulary list will no longer be covered by NRECA’s prescription drug program. However, affected participants will have a three-month grace period[…]
To support your cooperative’s year-end reporting requirements, NRECA’s benefits compliance team has once again prepared calculation worksheets to help you report the taxable value of group term life insurance to your employees. These worksheets and accompanying frequently asked questions (FAQs) are[…]
New location makes it easy to find and acknowledge your documents Starting December 20, watch your Message Center for an alert linking to your cooperative’s 2017 summary plan description (SPD) and summary of material modifications (SMM) documents. Benefits administrators will[…]
The 2017 Benefits Compliance Calendar is now available on the Employee Benefits website. The calendar files contain annual compliance-related tasks and reminders for NRECA’s benefit plans, making it easy to stay on top of critical deadlines. Once imported, a reminder[…]
The 2016 retirement compliance questionnaire is now available to download from the Employee Benefits website. The questionnaire asks for data about your cooperative and is due no later than February 15, 2017. W-2 salary data accompanies your questionnaire and is[…]