In 2023, there will be a new tiered cost structure for specialty drugs for participants in non-high-deductible health plans (non-HDHPs or “PPO” plans). The new cost structure was designed after a thorough review of options to help manage pharmacy costs[…]
Cooperatives seeking to pay their Group Benefits Program invoice(s) via ACH on the Employee Benefits website will notice the implementation of some enhancements based on your feedback. Specifically, the language within the ACH event has been updated to clarify actions[…]
If your cooperative is tax-exempt and you have 401(k) Pension Plan participants who need a true-up employer contribution for 2021, send those true-up contributions to NRECA as soon as possible. This year’s deadline for tax-exempt co-ops is May 16, which is[…]
Annual renewal is the time of year when cooperatives choose the NRECA group benefits they will offer to their employees for the upcoming plan year. Annual enrollment is when employees choose the NRECA group benefits offered to them by their[…]
The Retirement Security (RS) and 401(k) Pension Plans are being restated effective July 1. In preparation for the release of restated adoption agreements, the hold period for plan changes to both plans is now underway. No provision changes will be[…]