CVS Caremark™, NRECA’s pharmacy benefit manager, has announced changes to the NRECA Medical Plan’s prescription drug formulary, effective January 1, 2019. CVS Caremark continually reviews and updates the formulary to help ensure NRECA participants have access to safe, reliable and[…]
The 2017 Summary Annual Reports (SARs) for the NRECA Group Benefits Program and the NRECA-sponsored 401(k) Pension Plan, along with the combined distribution instructions and acknowledgement form, are now available on the Employee Benefits website. The Employee Retirement Income Security[…]
We’re halfway through November, and that means halfway through the open enrollment period for CBA-administered 125 Plans and HRAs. If you haven’t begun enrolling employees yet into 2019 plans, it’s a good time to start. Remember, if any steps in[…]
NRECA processes scheduled payments on the 22nd of each month, which allows participants to receive their payments by the first of the following month. To accommodate the year-end calendar, NRECA will be processing scheduled December 401(k) Pension Plan payments on[…]
Wave 2 of the NRECA group benefits online annual enrollment for participants closes at 8 pm, Eastern time, on Monday, November 19, 2018. The final deadline for benefits administrators to complete annual enrollments online is Wednesday, November 21, 2018. Benefits administrators[…]