Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Aon Expert Available To Speak on New Guidance Impacting Employer Subsidies on Retiree Drug Coverage; New Regulations to Make Retiree Health Coverage More Palatable for U.S. Employers.


CHICAGO -- On Monday, the Centers for Medicare & Medicaid Services (CMS (1) See content management system and color management system.

(2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system.
) issued guidance on the new prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug,  benefit that will become available to Medicare beneficiaries starting in 2006. Part of the guidance explains how employers that sponsor retiree health programs may qualify for a 28 percent subsidy of certain prescription drug costs.

Jonathan Nemeth, an actuary actuary

One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death.
 and senior vice president with Aon Consulting, is available to comment on and explain the CMS document and its effect on U.S. businesses with respect to:

--Why the proposed regulations may provide an incentive to employers to maintain retiree prescription drug coverage

--Why it's not too early for employers to act

--What options employers have for redesigning their retiree health plans to address the new Medicare drug benefit

--Whether or not jumbo employers will take a different approach to maintaining their retiree medical coverage

--How the subsidy will affect the employer's bottom line

--What employers need to tell their Medicare-eligible employees and retirees as a result of the new law

--How the mechanics of the subsidy program will operate.
To arrange an interview with Mr. Nemeth, contact:
Dave Van de Walle
Aon Consulting
(312) 381-5028
dave_vandewalle@aoncons.com


This press release contains certain statements relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 future results, which are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, resolution of regulatory issues, pension funding, ultimate paid claims may be different from actuarial ac·tu·ar·y  
n. pl. ac·tu·ar·ies
A statistician who computes insurance risks and premiums.



[Latin
 estimates and actuarial estimates may change over time, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, the heightened level of potential errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence.  liability arising from placements of complex policies and sophisticated reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  arrangements in an insurance market in which insurer reserves are under pressure, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 29, 2004
Words:412
Previous Article:Foster Wheeler Ltd. To Hold Earnings Conference Call.
Next Article:Midwest Banc Reports Second Quarter Earnings.



Related Articles
Third Circuit says modifying retirees' benefits is age discrimination.
Critical crossroads for retiree health benefits.
Mixing up a better benefit: the 2003 Medicare Prescription Drug Act offers a subsidy that can save employee-benefit plan sponsors up to 25% on plan...
Medicare Part D: what employers need to know about this voluntary program.
Healthcare outlook 2006: from a gallop down to a canter; While healthcare costs continue to wildly outpace inflation, the rate is heading down....
Employee benefits news you can use: here are some of the more important developments CPAs need to make their clients and employers aware of for 2006.
Part D decisions: like other employers, many states are collecting a new federal subsidy for maintaining retiree drug coverage--but for many, that's...

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles