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UnitedHealthcare-Owned Change Healthcare’s Ransomware Attack Has Widespread Implications

Viewpoints from Craig Hasday Updated March 7, 2024 The healthcare industry has become increasingly reliant on digital technologies to streamline processes, improve patient care, and enhance overall efficiency.  However, with this digital transformation comes the risk of cyber threats and data breaches that can have far-reaching consequences. One such incident that has garnered significant attention is the cyber breach at Change Healthcare, a leading healthcare technology company owned by UnitedHealthcare. Change Healthcare is a key player in the healthcare industry, providing a wide range of services and solutions to healthcare providers, payers, and patients. The company’s systems contain …

https://www.epicbrokers.com/insights/change-healthcare-ransomware-attack/

Compliance Matters Newsletter | March 2024

Let our team help you navigate the ever-changing benefits compliance landscape each month. Check out this month’s latest alerts, additional updates, and resources hot off the press: Employee Benefits Compliance Alerts This month’s Compliance Matters newsletter provides a comprehensive review of the following topics. To obtain your copy, please use the form below to download. Class Action Suit Alleges Fiduciary Duty Breach RxDC Round Three Is Coming Florida Enacts Prescription Drug Reform Act Taxation Rules for Various Employee Benefits 2024 State Regulation Series: Illinois EHB Disclosure Download this month’s alerts Additional Updates & Resources Updated CHIP Notice …

https://www.epicbrokers.com/insights/compliance-matters-newsletter-march-2024/

Benefits Curve | Empowering Plan Sponsors to Create Successful Retirement Plans

… specialists – Jason Hamilton, Director of Retirement, and Charles Brown, EA, MSEA, QPA, QKA, CSPO, Consulting Actuary – was moderated by Sherry Pitcher, Senior Consultant, EPIC Employee Benefits. What We Covered: What Secure Act 2.0 legislation means for plan sponsors and how to take action Fiduciary risk mitigation and best practices Industry changes, including mergers and acquisitions and plan alternatives like pooled employer plans (PEPs) Financial wellbeing and employee engagement View the recording Sign up for Benefits Curve Employer Risk Event Notifications You’ll receive invitations to our upcoming webinars covering timely employee benefits risk topics, with actionable takeaways. SUBSCRIBE NOW

https://www.epicbrokers.com/insights/benefits-curve-february-2024-retirement/

The Well Newsletter | March 2024

… healthcare can help avoid serious illness and help maintain your employees’ physical and mental wellbeing. Encourage your employees to prioritize preventive healthcare: This month’s The Well newsletter provides messaging and tips for you to share with your workforce. To obtain your copy, please use the form below to download. Employee-Facing Email Download the Word file, then copy and paste the graphic and text into a fresh email to deploy to your workforce. Monthly Wellness Tips Share the monthly tips PDF to your intranet, HR portal, or post it in common office areas. Download this month’s resources Dive …

https://www.epicbrokers.com/insights/the-well-newsletter-march-2024/

Fiduciary Rule Changes Require Better Plan Management

… of failing to negotiate lower prices for prescription drugs for its employee health plans – which allegedly resulted in millions of dollars in overpayments for generic drugs. One example cited in the formal complaint alleges that the J&J plan paid $10,200 for a generic multiple sclerosis drug called Teriflunomide, which costs no more than $77 at retail pharmacies. The suit alleges that J&J was negligent in monitoring the activities of their pharmacy benefit manager (PBM), which contracted to pay unreasonable drug costs at the expense of the plan participants and beneficiaries without securing corresponding benefits for them. The

https://www.epicbrokers.com/insights/fiduciary-rules-pharmacy-costs/

Plan Sponsors, Is it Time for a Retirement Offering Tune-Up?

Viewpoints from Jason Hamilton You should be sleeping like a baby now because you’ve nailed down your employee health benefits, even the ancillary ones. Bravo, you. But what about your retirement plan offerings? If they’re not keeping you awake, they likely are for your employees – nearly half of American households have no retirement savings. And many of the rest don’t have nearly enough saved. There’s a good reason you may have put it off. The challenges and pitfalls of managing retirement benefits are many: new legislation, fiduciary risk, and fee lawsuits, to name a few. EPIC …

https://www.epicbrokers.com/insights/retirement-plan-tuneup/

Compliance Matters Newsletter | February 2024

Let our team help you navigate the ever-changing benefits compliance landscape each month. Check out this month’s latest alerts, additional updates, and resources hot off the press: Employee Benefits Compliance Alerts This month’s Compliance Matters newsletter provides a comprehensive review of the following topics. To obtain your copy, please use the form below to download. Evolving Considerations for Gender Non-Discrimination San Francisco HCSO Top-Off Payments Due Soon Departments Provide Additional Guidance for Contraception Preventive Services 2024 State Regulation Series: Hawaii Prepaid Healthcare Act Download this month’s alerts Additional Updates & Resources Rules for Association Health …

https://www.epicbrokers.com/insights/compliance-matters-newsletter-february-2024/

Invest in Employee Financial Wellbeing with Student Loan Debt Paydowns

… the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0. The SECURE Act 2.0 provides employers with the opportunity to amend their 401(k) plans to allow student loan debt repayments as an elective deferral starting on January 1, 2024. Employers can make matching contributions towards their employee’s qualified student loan repayments, whether or not the employee contributes to their 401(k) plan. For more information, check out our articles SECURE Act 2.0 – It’s About Time and 401(k) Plans, Student Loan Debt and the SECURE Act 2.0. There is another way employers …

https://www.epicbrokers.com/insights/employee-financial-wellbeing-student-loan-debt-paydowns/