CVS CaremarkTM, NRECA’s pharmacy benefit manager, has announced changes to the NRECA Medical Plan’s prescription drug coverage that will take effect July 1, 2024. CVS Caremark continually reviews and updates drugs covered under the plan to help ensure NRECA participants[…]
Beginning May 15, 2024, the CVS CaremarkTM Mail Service Pharmacy will no longer dispense all dosages of the following glucagon-like peptide-1 (GLP-1) medications because of widespread supply issues due to increased demand: Participants who currently have prescriptions on file for[…]
If your cooperative is tax-exempt and you have 401(k) Pension Plan participants who need a true-up employer contribution for 2023, send those true-up contributions to NRECA by May 15, which is the due date (without extension) to file IRS Form[…]
We’ve heard your requests and feedback. A comprehensive section on billing and invoicing for the NRECA Group Benefits Program, 401(k) Pension Plan and Retirement Security Plan has been added to the BA Guide. The new section also covers billing and[…]
You know the value of your cooperative’s investment in its employee benefits program, but do your co-op employees? While employee benefits remain one of the top components of co-op compensation packages, most employees may not fully understand the true value[…]