In early February 2024, news broke of a proposed class action lawsuit against Johnson and Johnson for breach of their fiduciary duty under ERISA, also known as the Employee Retirement Income and Security Act. The plaintiff is suing J&J and their health plan...
Industry News
Reflections on the Recent Johnson & Johnson Lawsuit
For those of us in the employee benefits world, quite a bombshell was dropped on Monday, February 5th when a class action lawsuit was proposed against Johnson and Johnson, and specific executives, for breach of fiduciary duty under the Employee Retirement Income and...
The Shifting PBM Landscape
As we approach January 1st, many employers are yet again seeing increases to the cost of their health plan - an all too familiar product of a health insurance model that isn’t working for consumers. Time and again, we’ve seen costs rise for plan participants without...
TCHP Founder, Mike Hill, Selected as Finalist for Benefits Pro Magazine Broker of the Year 2021.
Download Benefits Pro Cover Story about Mike Hill Download the Story TCHP Founder, Mike Hill, has been selected as a finalist for Broker of the Year by Benefits Pro Magazine.
Some Insurers Step Up Group Health Plan Assistance
Some health insurers are helping business workers in group plans maintain employee benefits during the COVID-19 pandemic, a new survey has found. Social distancing and stay-at-home orders have put the hurt on hundreds of thousands of businesses across the...
10 Potential Causes of Employee COVID-19 Lawsuits
The novel coronavirus that broke out in the winter has caused immeasurable suffering, both physical and economic. For employers struggling to stay in business, this is a fraught time where mistakes in managing their workforces could lead to employee lawsuits. Here are...
COVID-19 Changes to Health Plans Must Be Documented, Circulated
A number of plan sponsors have made changes to their group health plans in response to the COVID-19 pandemic, such as covering testing and sometimes treatment without any cost-sharing by the plan enrollee. But any changes that are made must be followed up by amending...
Medicare Advantage, Part D Plans Get COVID-19 Leeway
The Centers for Medicare and Medicaid Services has issued new guidance regarding how Medicare Advantage and Part D plans can respond to enrollees affected by the coronavirus outbreak. Under the guidance, the plans are authorized, but not required to waive...
Tips for Successful Telecommuting During Outbreak
As the coronavirus spread ramps up and more people are being asked to self-isolate, many employers are scrambling to put systems in place to allow their employees to telecommute. Many companies are not set up for telecommuting arrangements, and they have...
IRS Allows HDHPs to Pay for COVID-19 Testing, Treatment Pre-Deductible
The IRS has issued new emergency guidance that allows insurers to waive the cost of coronavirus testing and treatment for individuals who are enrolled in high-deductible health plans (HDHPs). Major health insurers report they've been concerned that if they can make...