Affected Participants to Receive a Letter in June CVS Caremark™, NRECA’s pharmacy benefit manager, has announced changes to the Performance Drug List effective July 1, 2018. This list is the formulary containing the most commonly prescribed brand and generic drugs[…]
The May issue of Benefits Bulletin is now online. Read about: The preparations occurring for group benefits annual renewal and the changes and benefit enhancements you can expect this year, in Peter Baxter’s column Deadlines and other information to help[…]
NRECA’s Life Strategy Counseling program offers around-the-clock counseling services to cooperative employees and their families. But, did you know Life Strategy Counseling also provides resources to help with life’s everyday challenges? Benefits administrators can learn more about this valuable program[…]
Jazzercise is discontinuing its discount program. As a result, the NRECA Medical Plan’s discount program with Jazzercise will end on May 31. If a participant enjoys their classes, we hope they will continue to attend Jazzercise classes. Encourage them to[…]
As a qualified retirement plan, the Retirement Security (RS) Plan is required to comply with Section 415 of the Internal Revenue Code. This longstanding federal regulation states that retirement distributions or benefits may not exceed certain limits. Unusually low interest[…]