Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Hall County Government
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Action Steps for Employers After the Supreme Court's Decision
Morgan Lewis June 28, 2012 "In the coming weeks and months, employers should do the following: [1] Determine whether they are appropriately aggregating group health plan valuation data in order to support 2012 Form W-2 reporting. [2] Prepare to receive, and properly distribute or apply, any Medical Loss Ratio rebates associated with 2011 insured health coverage. [3] Finalize Summary of Benefits and Coverage material for inclusion in the 2013 Open Enrollment package. [4] Complete updates to Summary Plan Descriptions and plan documents to capture and describe the 2011 and 2012 ACA changes to their plan design. [5] Reflect the 2013 plan year $2,500 cap on salary deferral contributions into healthcare spending accounts in 2013 Open Enrollment material, payroll processes, and administration systems. [6] Understand and begin to determine the patient-centered outcomes trust fund fees due in July 2013. [7] Begin to identify whether their group health plans are both affordable and available to full-time employees in order to avoid any shared responsibility penalty in 2014. [8] Prepare for audits associated with their participation in the Early Retiree Reinsurance Program, if applicable. [9] Review possible design changes to retiree drug programs to reflect the change in Medicare Part D subsidy taxation rules. [10] Review future plan design changes to blunt the balance sheet impact of the 2018 Cadillac Tax." |
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