Employee Benefits Compliance Recap | August 2024
In August, the FTC ban on non-compete agreements was struck down by a court stating that the FTC did not have the power to implement the ban and its application was too broad. The FDA approved new and updated COVID-19 vaccines for adults and children as part of the preventive care mandate for group health plans. The Biden administration released its Unified Agenda, containing regulations impacting group health plans, and announced their anticipated release dates. New Hampshire announced an improved prior authorization process. The Johnson & Johnson breach of fiduciary duty lawsuit saw some movement and a similar suit was brought against Wells Fargo and its fiduciaries.
This month’s United Benefit Advisors (UBA) recap includes:
- Federal Court Blocks FTC’s Non-Compete Ban Nationwide: Important Insights for Employers
- FDA Approves New and Updated COVID-19 Vaccines
- Release Dates for Biden Administration Health Care Regulations
- New Hampshire Pre-Approval Improvement
- Johnson & Johnson Litigation Update
- Wells Fargo PBM and Fiduciary Duty Lawsuit
- Question of the Month
Relational Advisors is a UBA Partner Firm.