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2nd Quarter 2008

Quote of the Month: “Do not wait to strike before the iron is hot, but make it hot by striking .” William Butler Yeats

CMS Announces Indexed Medicare Part D Amounts for 2009
Excerpt: On April 7, 2008, the Centers for Medicare & Medicaid Services (CMS) announced the indexed Medicare Part D standard benefit and Retiree Drug Subsidy (RDS) amounts for 2009. This Capital Checkup features charts comparing the 2009 numbers and the 2008 numbers.

Executive Summaries of Benefits Quarterly, 1st Quarter, 2008, Articles on Retirement and Health Plans

The titles are: Conceptualizing the Defined Benefit Pension Promise – Implications from a Survey of Expert Opinion; The Consequences of Favoring Short-Term Budget Goals Over Long-Term Retirement Policy; Tax-Sheltered Annuities Under Code Section 403(B) New Regulations and New Obligations; Living With GASB 45: How To Manage Liabilities Associated with Retiree Medical Benefits; More Preventive Care, and Fewer Emergency Room Visits and Prescription Drugs — Health Care Utilization in a Consumer-Driven Health Plan.

Fewer Medicare Drug Plans Offer ‘Doughnut Hole’ Coverage in 2008

Excerpt: “Few Medicare plans in 2008 will offer brand-name prescription drug coverage in the so-called ‘doughnut hole’ gap because of cost, meaning that Medicare beneficiaries will have fewer options when choosing a plan during the open enrollment period that ends Dec. 31, the San Francisco Chronicle reports.” (California HealthCare Foundation)

Coordinating Retiree Health Benefits with Medicare (PDF)
2 pages.

New GASB standards have public sector scrambling By Joanne Wojcik

August 15, 2007
Many public-entity employers are unsure of the extent of their retiree life and health benefit obligations and undecided about how they will calculate them for financial statements, a survey by Aon Consulting has found.