Beginning December 1, 2023, the prior authorization review process for prescription weight-loss drugs will transition from Cooperative Benefit Administrators (CBA) to CVS Caremark™, NRECA’s pharmacy benefit manager. As a result, starting November 27, CVS Caremark will send a letter to[…]
If your employees are planning to retire or moving on to pursue their next big adventure, there are some things they should consider. Thinking about their state of readiness, taking money out of their retirement accounts and other deliberate planning[…]
If your cooperative offers group term life insurance that exceeds $50,000, you must report imputed income on employees’ W-2 forms. Co-ops that do not receive this service from their payroll provider or other vendor may use resources on the Employee[…]
The NRECA employee benefits team is conducting an online survey as part of our ongoing efforts to hear from member cooperatives about the plans, programs, resources and services provided to assist you in your role as a benefits administrator. Get[…]
The current issue of Benefits Bulletin is online. Read about how we are analyzing and implementing aspects of the SECURE 2.0 Act in Peter Baxter’s column[…]