This recorded Webcast addresses the key elements of the Patient Protection and Affordable Care Act and the related provisions. Three industry experts present their views on health care reform legislation, timeline of required compliance dates, impact on stakeholders and plan design implications. This webcast can be downloaded at any time, so you and your staff can listen to it at your convenience.
Healthcare Reform Guide: Grandfathered Health Plans
Excerpt: "The statutory language allows the following events to occur without changing grandfathered status: Participants in a grandfathered plan may renew their coverage (for example, during the next open enrollment) after the date of enactment. Participants may enroll their dependents for coverage, including dependents who were not covered at the date of enactment. New employees and their dependents may be enrolled in a grandfathered plan.'
Health Accounts' Limits for Over-the-Counter Medicines Under Health Reform
Excerpt: "[R]eimbursements for over-the-counter medicines through a health FSA, HRA, or other employer-provided accident or health plan may not be excluded from the employee's gross income. Also, distributions from an HSA or Archer MSA to pay for over-the-counter medicines may not be excluded from the employee's gross income and will be subject to additional penalty."
Legislation Extends Eligibility Period for COBRA Premium Subsidy Until May 31, 2010
Excerpt: "COBRA administrators must scurry once more to update and send revised notices to inform individuals experiencing qualifying events after April 1 of their possible premium subsidy rights. Some of these individuals may have already been furnished with election notices that did not reflect the extension and will need to receive second notices."
(Employee Benefits Institute of America)
Internet Portal for Health Coverage Information
Excerpt: "So what's included in Sec. 1103 of the Affordable Care Act, concerning the creation of an Internet portal for health coverage information? An Internet portal is established to help beneficiaries and small businesses identify affordable health insurance coverage options in each state. The Department of Health and Human Services (HHS) must establish this Internet portal no later than July 1, 2010."
Online Resources on the Patient Protection Act
Excerpt: "'Health Care Reform' is now the subject of a variety of excellent summaries which are accessible online for the employee benefits practitioner . . . ."
(Roy Harmon via Health Plan Law)
Health Care Cost Increase Is Projected for New Law
Excerpt: "A government analysis of the new health care law says it will not slow the overall growth of health spending because the expansion of insurance and services to 34 million people will offset cost reductions in Medicare and other programs."
(The New York Times; free registration required)
Executive Compensation; Benefits in General
2010 ERISA Expanded Reporting and Disclosure Requirements Calendar
27 pages. Excerpt: "The [calendar] provides who-what-when-where reporting and disclosure information for single-employer pension and welfare plans under ERISA. Plan administrators can access concise instructions for filing reports with the Department of Labor, IRS and Pension Benefit Guaranty Corporation, and for disclosing tax and benefit information . . . ."
What a Difference a Day Makes, or Does It? Work/Family Balance and the Four-Day Work Week
Excerpt: "This Article considers the growing reliance that four-day work week advocates have placed on work/family claims. It begins by analyzing whether a compressed work schedule may alleviate work/family conflicts, and more importantly, for whom such benefits are most likely to accrue. While studies consistently find that many workers experience lower levels of work/family conflict when working a compressed schedule, the research also suggests that workers with the most acute work/family conflicts may be the least likely either to obtain or to benefit from a four-day work week design."
(Social Science Research Network)
No Mere Perk: Flex-Work as a Strategic Tool
Excerpt: "Researchers say flexibility is a critical but overlooked factor in making work work. An award program seeks to recognize firms who achieve strategic results with the use of flexible work."
(Workforce Management; free registration required)
Incentive Plans Are of Continued Importance, According to Survey
Excerpt: "Over the past decade, incentive plan designs have become more consistent within organizations. As more companies offer a single annual plan for both executives and other employees: More companies are altering their eligibility requirements. Executive-only incentive plans are now in the minority. The most common eligibility factor is salary grade or band -- not position title, reporting relationship or officer status as in the past."
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