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Category: News

Compliance Brief: New Fees for Health Plans

The health care reform bill created an institute that is charged with advancing research into comparative clinical effectiveness. To fund this institute, the law imposes a fee on both insured and self-funded health plans for the seven-year period from …

IRS Issues Guidance on Implementation of $2,500 Health FSA Limit

The IRS has clarified that the $2,500 limit for health FSAs under the health care reform law does not apply for plan years beginning before 2013.

IRS Proposes Methods for Valuing Employer Health Coverage

The IRS has issued three new notices concerning key aspects of the 2010 Patient Protection and Affordable Care Act

2013 HSA and HDHP Limits

The IRS has announced new contribution limits for health savings accounts and qualifying high-deductible health plans.

Compliance Alert: Auto Enrollment, Employer Mandate and Waiting Periods

The federal government has issued a set of frequently asked questions (FAQs) addressing various topics under the Patient Protection and Affordable Care Act.

Agencies Finalize Guidance on Summary of Benefits and Coverage

Federal agencies have issued a final rule that eased a few requirements on the summary of benefits and coverage (SBC) and moved the deadline to comply.

DOL Finalizes, Delays 401(k) Fee Disclosure Rules

After months of delay, the Department of Labor (DOL) has just released final regulations under Section 408(b)(2) of ERISA.

Compliance Alert: More Guidance on W-2 Reporting

The IRS has issued more guidance on W-2 reporting of health care coverage.

Benefits Briefing: Loss of Privilege Woes

Designating the "company" or "employer" as an ERISA fiduciary can unintentionally subject the employer’s executive officers and board of directors to ERISA’s fiduciary standards, and potentially to personal liability.

Benefits Briefing: ‘Conflicted’ Retirement Advice

A new statutory exemption from the prohibited transaction rules (designed to expand the availability of fiduciary investment advice to participants in individual account plans and IRAs, subject to specific safeguards and conditions) are now in effect.

Failing to Notify Participants of Plan Changes Can Be Costly

Among ERISA’s many notice and disclosure obligations, the requirement to timely inform participants of important plan changes is one that is too often overlooked.

Benefits Briefing: Extension of Trade Adjustment Assistance Affects Certain COBRA Coverage

The Trade Act of 2002 created a health care tax credit (HCTC) for certain individuals who become eligible for trade adjustment assistance (TAA eligible individuals), as well as for certain retired employees who are receiving pension payments from the P…

Health Plan Assessed Double Damages for MSP Violation

A federal appeals court has held that the Medicare Secondary Payer (MSP) Act authorizes a medical provider to sue an employer health plan for double damages when the plan fails to comply with the MSP Act.

NLRB Passes Limited Version of Election Rule Change

A divided National Labor Relations Board has voted to move ahead with union-backed election rule changes.

Benefits Briefing: Deadlines Approaching for Retirement Plan Amendments

Once again, amendment season is upon us. Sponsors of tax-favored retirement plans should keep in mind the many required amendments for which a year-end deadline is fast approaching.

Benefits Briefing: Health Care Reform – What Is Going Away?

The tide of regulations interpreting the 2010 Patient Protection and Affordable Care Act (PPACA) began to ebb in 2011, and portions of the law have even been repealed or put on hold.

NLRB Postpones Deadline for Notice

The National Labor Relations Board has pushed back the deadline for nonunion employers to post a notice on workers’ rights to 2012.

NLRB: Nonunion Employers Must Notify Employees of Their Right to Unionize

The National Labor Relations Board (NLRB) has just issued a final rule obligating the vast majority of private sector employers to notify employees of their rights under the National Labor Relations Act (NLRA).

New Rules for Benefits Summaries

The federal government has released new rules and forms pertaining to how employers communicate information about group health plans.