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Good Stuff

Alert: OSHA and CMS vaccine-related guidance

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Details of the employer requirements under the Emergency Temporary Standard (ETS) are spelled out on Lockton’s ETS Compliance Alert including a registration link for a webcast on Wednesday, November 10th from 2-3 CST.

In summary, ETS announced today by OSHA requires that employers with 100 or more employees must develop, implement and enforce a mandatory COVID-19 vaccination policy OR adopt a policy to ensure that their workers are fully vaccinated or tested at least weekly.
Steps such as policy establishment, employee vaccination status, communication and records retention have a deadline of December 5, 2021 with weekly testing commences no later than January 4, 2022. 

Employer Resources - Delta Variant & New Federal Vaccine Requirements

The rise of the Delta variant across the U.S. has employers revisiting vaccination strategies for their workforces. Employers are trying to balance the desire to keep employees safe in the workplace with providing employees the freedom of personal choice when it comes to being vaccinated. Lockton's latest Webcasts are designed to capture new Federal requirements and employer responses to these pressing issues.
September 14, 2021 Webcast
Feds poised to issue vaccine and testing mandates for thousands of employers: What's in store for you?
Click image below for Webcast Replay

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Click here for Presentation Slides
August 24, 2021 Webcast
Lockton Coronavirus Advisory Team
Password is Lockton.1
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Click here for Presentation Slides
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Click here for FAQs

2021-22 Employer Compliance Playbook

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Benefits compliance in 2021 has never been more challenging; the implications of the Affordable Care Act pale in comparison to 2021. Employers are required to know all of their obligations. We understand the intensity of compliance and have created a 2021-22 Compliance Playbook to help you. This playbook summarizes the vexing challenges Employers are facing and gives you practical, real world advice on how to understand these obligations. 
 
Topics covered:
• Cafeteria plan & flexible spending account accommodations
• Change tax treatment of dependent care benefits (qualifying children)
• Outbreak period guidance (suspension of COBRA and HIPAA special deadlines)
• American Rescue Plan Act COBRA subsidies & their interplay the outbreak
• Mental health parity
• Healthcare plan cost reporting
• Prohibition on price and quality data gag clauses
• Healthcare plan online price comparison tool
• Healthcare plan “advance explanations of benefits”
• In-network, out-of-network and prescription drug costs
• Surprise billing requirements and protocols
• New ID cards
• New network accuracy requirements
• New “continuity of care” disclosures
• New broker/consultant/vendor compensation disclosure requirements

For more information on these topics and more, please contact me 

Vaccine Information

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Employers have been asking Lockton for a vaccine communication resource.  Here is a COVID-19 Vaccine Communication Resource an overview about vaccine safety, efficacy, how the vaccine works, and commonly asked questions to help navigate information available.

Employers can take many steps to prepare. The experts at Lockton Companies have put together an Employer Checklist for COVID-19 Vaccines of items and issues to consider as employers determine the best course of action for their workforce.

The Checklist Addresses:
  • Covering the cost of vaccine
  • Developing a vaccine policy
  • Developing a communication plan
  • Navigating where your workforce can get a vaccine  

Pharmacy Perspectives

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​In light of ever-increasing pharmaceutical costs and the growing use of specialty medications, understanding prescription-drug trends is in every company’s best interest. Like all components of the recent health reform legislation, the prescription-benefits industry is in a state of flux.  Our Pharmacists not only evaluate the financial aspects of plan performance whether through a self-insured arrangement with an insurance carrier or an independent PBM: they have great perspectives on prescription drug trends.  Their thoughts are contained in our Quarterly Newsletters.

First Quarter 2021

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3rd Quarter 2020

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2nd Quarter 2020

Turning Lockton into Our Virtual Best

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The pandemic caught us all unaware and posed may immediate challenges.  Ken Ralff and the whole Boston Benefits team has done a fabulous job supporting our clients and each other as well as leading in these new ways of work. Proud to be his colleague and friend.  Check out the article describing how he and team did it here

Special shout out to Rob Mattson of ITM Speakers for his help in boosting our video conferencing experience.


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"Employers have significant pressure on their healthcare costs. While many look for new solutions, there are also considerable savings in their current spend,” says Rebecca Lich, PharmD, MBA Pharmacy Practice Leader in Lockton’s Denver office. “Twenty two cents of every healthcare dollar is used for prescription drugs. Employers must have best-in-class agreements in place, but we also need to ensure those agreements are met. Every employer should take a ‘trust but verify’ approach through a pricing reconciliation audit. There is money to be found."
PictureBenefits of a Multi-Generational Workforce

The health and medical needs of a working population vary based on any number of demographics. The workforce today is comprised of three major generations, each of which has a unique set of health risks and medical costs. As the needs of generations vary, so do the offerings that benefit them most.

A strong benefits package not only attracts and retains good employees, it keeps them healthy and can maximize productivity. The role of benefits for financial security and work-life balance also varies in significant ways from generation to generation.
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This whitepaper is part two of a three-part series where Lockton experts share how companies can design risk management and employee benefits programs with their multi-generational workforce in mind.
 

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According to the Bureau of Labor Statistics in June 2018, the U.S. unemployment rate fell to 3.8%. The U.S. economy hasn’t seen that level of employment since April 2000, and prior to that, 1969. Although unemployment increased slightly in July, economists report that there are more open positions in the United States than there are qualified workers to fill them. With a strong economy, the pressures on Human Resources to find and keep qualified talent while managing compensation, benefits and employee engagement are at an all-time high.

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  • Home
  • People Solutions
  • BenefitSmith Global
    • 2023 Global Risks & Rewards
    • Elevate Capacity & Well-Being
    • The Future of Talent
  • Stream with Smith
  • Pharmacy Management
  • Data & Analytics
  • Complex Claims
  • Insights
  • NEEBC & Lockton
  • Private Equity and M&A Support
  • About
  • Resources
    • Lockton Benefit Blog
    • Lockton Employee Benefits
    • Lockton Global Benefits - Compliance News
    • Lockton Insights & Publications
    • Individual & Small Business Services from Mylo
    • Kaiser Health News
    • New England Employee Benefits Council
  • Contact