03/01/2003
Q. Due to rising premiums, our company is looking into alternatives to reduce our group health benefit costs. Several employees are on our plan and their spouses’ plan. They are willing to go off our group plan if we compensate them “x” amount of dollars each month. Is it legal to offer the medical insurance benefit or a cash alternative? —S.P., Michigan
03/01/2003
Reminder: If your company sponsors an employee benefit plan, it likely has to comply with new privacy standards under the Health Insurance Portability and Accountability Act’s …