Towers Watson Survey Finds Median Health Care Costs Expected to Increase 6.5% in 2010

NEW YORK, February 22, 2010 — The continuing sluggish economy is forcing a growing number of large U.S. employers to take more aggressive measures to control rising health care costs and motivate workers to take charge of improving their own health, according to a survey conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional […]

IRS Rules On Annuity Issues In Defined Contribution Plans

In a preface to the 2010 policy discussion about enhancing income security in defined contribution plans, the Internal Revenue Service ruled in PLR 200951039 on several issues under current law related to the use of annuity products in these plans. Facts The ruling request, which was pending since 2005, generally posited the following facts: A […]

Layoffs Driving More People to Consider Prescription-Drug Assistance Programs Normally Aimed at the Poorest Americans

As the slowing economy swells the ranks of the unemployed and uninsured, more people are getting help from prescription-drug assistance programs normally aimed at providing medications to the poorest Americans. Drug-assistance programs, long sponsored by pharmaceutical manufacturers, provide consumers with billions of dollars a year in free or low-cost drugs. To qualify, patients must meet […]

Complying With The New COBRA Extension

The American Recovery and Reinvestment Act of 2009 was signed into law on Feb.17, 2009 with the announced purpose of providing a massive economic stimulus to the U.S. economy. ARRA also included temporary provisions requiring employers to provide federally subsidized premium assistance to certain former employees, referred to as “assistance eligible individuals” who timely elect […]