NRECA’s high-deductible health plans (HDHP) will be deemed creditable beginning January 2022 as a result of a recent independent, third-party analysis. Creditable coverage testing of prescription drug benefits offered to Medicare-eligible individuals is required annually by the Centers for Medicare[…]
Annual renewal for group benefit plans opened this morning, August 11. Rate sheets for 2022 were emailed to the primary benefits administrator for each subgroup with NRECA group benefit plans. Rates are also available online. Renewal calculations and other co-op-specific[…]
A new page that educates participants on their retirement plan distribution options is now available on the Employee Benefits website. The Retirement Distribution Options page provides easily digestible information on available distribution options for the 401(k) Pension Plan and Retirement[…]
For cooperatives offering the 125 Plan or a health reimbursement arrangement (HRA) plan in 2022, the sample plan documents, guides and forms you’ll need for the next plan year are now available on the NRECA Employee Benefits website. Keep Friday,[…]
If paying your cooperative’s August group invoices via ACH (automated clearing house), you will need to submit payment by August 13, 1:30 pm Eastern time (ET). If paying August group invoices by check, payment can be submitted any time during[…]