Restated summary plan description (SPD) documents for the NRECA Group Benefits Program plans will be released to benefits administrators starting the week of December 16, 2025. Please allow a few days for your SPDs to generate. Give them to participants[…]
NRECA is excited to announce that as a result of our negotiations with HealthEquity, a provider of health savings accounts (HSAs) for many co-ops, monthly administration fees will be waived in 2026. Administrative fees have historically been levied on a[…]
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 are welcome to use the updated[…]
Need to change the billing frequency for your cooperative’s group benefits plans for the 2026 plan year? You can change it to monthly, quarterly, semi-annual or annual through the Group Billing Frequency page on the Employee Benefits website by December[…]
MetLife recently corrected an issue that affected its evidence of insurability (EOI) system and prevented “closed due to no action” participant letters from MetLife and benefits administrator messages from NRECA from going out. In cases where a participant requests additional[…]