If you haven’t already done so, distribute your cooperative’s 2018 Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents to plan participants by March 1. Once you distribute the SPDs and SMMs, don’t forget to[…]
The frequently asked questions document from the Affordable Care Act (ACA) tax reporting webinar is now posted to the Employee Benefits website. For more ACA resources, go to Compliance & Eligibility > Affordable Care Act in the BA Guide. If you[…]
Plan participants who are no longer working, reached age 70½ in 2017, and chose to delay their first payment until 2018, must take their initial required minimum distribution (RMD) by April 1. Participants who are required to but do not[…]
CVS Caremark™, NRECA’s pharmacy benefit manager, has announced changes to the Performance Drug List, which is the formulary containing the most commonly prescribed brand and generic drugs, effective April 1, 2018. CVS Caremark continually reviews and updates the formulary to[…]
The February issue of Benefits Bulletin is now online. Read about: The financial health and stability of the NRECA-sponsored employee benefit plans and upcoming enhancements to the Retirement Security (RS) Plan in Peter Baxter’s column How the Fitbit discount and[…]