TITLE

How Medicare reform poses dilemma for plan sponsors

AUTHOR(S)
Pudlowski, Ed
PUB. DATE
June 2004
SOURCE
Employee Benefit News;6/15/2004, Vol. 18 Issue 8, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on a dilemma facing U.S. employers with prescription drug plans following the signing of the Medicare Reform Act in December 2003. Amount of contribution required by the reform law in 2006; Factors that influence actuarial equivalence calculation; Requirement of the Financial Accounting Standards 106 for employers regarding retiree drug benefits.
ACCESSION #
13402231

 

Related Articles

  • EASING PRESSURE WITH MEDICARE-RISK HMOs. Barr, David W. // Financial Executive;Jul/Aug1993, Vol. 9 Issue 4, p18 

    This article examines the benefits of Medicare-risk plans for employers concerned with providing medical care to their retirees. The rising cost of health care has forced companies to scale back their retirement programs. The plans provide health care through health maintenance organizations...

  • Beyond the Subsidy: Medicare Part D Employer Options. Jareb, Cara M.; Abbott, Randall K. // Benefits Quarterly;2006 Third Quarter, Vol. 22 Issue 3, p23 

    The Medicare Modernization Act, now more than a year old, is opening up an array of possibilities for employers in dealing with retiree medical benefits. Many employers are beginning to look beyond the question of whether to accept Medicare's prescription drug subsidy and are more broadly...

  • Effect of New GASB 45 Accounting Rules: What We Can Learn From FAS 106. Feldman, Martin; Haynes, Roscoe // Benefits & Compensation Digest;Mar2007, Vol. 44 Issue 3, p18 

    The article offers information on the new Governmental Accounting Standards Board's Statement Number 45 (GASB 45), titled "Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions." GASB 45 requires public employers to account for the cost of other...

  • HOW THE FORTUNE 500 ARE DEALING WITH FAS 106.  // Financial Executive;Jan/Feb1992, Vol. 8 Issue 1, p24 

    This article presents the results of a survey conducted by Wyatt Co. regarding the preparation of U.S. companies for the implementation of FAS 106. Several companies including General Electric, Wheeling-Pittsburg, Imperial Holly and others adopted the accounting standard early, while others such...

  • A Perspective on Health Care And the Employer. Howard Jr., William T. // Risk Management (00355593);Dec91, Vol. 38 Issue 12, p55 

    This article presents a perspective on health care of employees in relation to the employer. In my view, cost containment and long-term care are not innovative, effective management devices. Instead, they represent a band-aid approach, which at best, can only temporarily outwit a clumsy, but...

  • What Comes After the Retiree Drug Subsidy? Yamamoto, Dale H. // Benefits Quarterly;2006 Third Quarter, Vol. 22 Issue 3, p13 

    Under the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) of 2003 and agency guidance that has followed, an employer now faces many options, such as contracting with a supplemental prescription drug plan, offering its own prescription drug plan or eliminating its retiree...

  • EMPLOYEE BENEFITS.  // Tax Lawyer;Summer2004, Vol. 57 Issue 4, p1035 

    The article discusses U.S. legislation and regulations related to employee benefits. On December 8, 2003, President George W. Bush signed into law the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Pub. L. No. 108-173, 117 Stat. 2066 (MMA). The MMA establishes a Medicare...

  • Globalization of the Actuarial Process (Book).  // Benefits Quarterly;1994 First Quarter, Vol. 10 Issue 1, p96 

    Presents an abstract of the article "Globalization of the Actuarial Process," by Marc P. Raymond and Douglas J. Carey, which appeared in the September�October 1993 issue of "Journal of International Compensation & Benefits."

  • Keep Business in the Health Care Loop. Shure, Jon // njbiz;5/8/2006, Vol. 19 Issue 19, p12 

    Stresses the need for U.S. employers to continue providing health coverage to their employees. History of employer-sponsored health insurance in the U.S.; Rise in the number of private sector employees who are required to contribute to their own health coverage since 1999; Reason the percentage...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics