Effective April 1, 2023, the 401(k) Pension Plan’s loan interest rate, which is set quarterly at 1% more than the nation’s prime interest rate, will increase to 9%. Things you and your employees should consider about loansIf your cooperative offers[…]
CVS Caremark®, NRECA’s pharmacy benefit manager, will conduct a phone survey in April of randomly selected medical plan participants who use the plan’s prescription drug benefit. This survey is designed to capture participants’ feedback on CVS Caremark’s services, such as[…]
NRECA’s recent webinar discussing IRC 415 legislative relief is now available to view online. NRECA presenters Mark Maus and Michele Gardner provide an overview of relief measures that resulted from legislative efforts on behalf of NRECA’s member cooperatives, and review[…]
FutureMe, NRECA’s well-being program for NRECA Medical Plan participants, is catching on among cooperatives and their employees since launching on January 1. Through February, nearly 3,000 participants have visited the FutureMe portal and 2,500 have completed the FutureMe survey, designed[…]
As we notified you earlier this month, the Consolidated Appropriations Act of 2023 allows high-deductible health plans (HDHPs) compatible with a health savings account to cover telehealth visits on a pre-deductible basis through December 31, 2024. As a result, NRECA[…]