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Health & Welfare Plans Newsletter

April 30, 2010

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Learn what single employers need to do nowóboth tactically and strategically. The May 6 webcast will provide timelines for employers, so they understand what to do now, next year and beyond. Explore the long-term strategies that will emerge as a result of this lawís passage. Topics include why employers provide coverage to associates and their families, competitive positioning of these benefits and cost containment actions to consider over the next few years.

[Guidance Overview]
Health Care Coverage for Adult Children: Steps to Take Now
Excerpt: "Employer Action Plan: [1] Employers who impute income for coverage provided to adult children should immediately cease imputing income for those who will not attain age 27 by the end of the year. [2] Group health plans providing coverage for dependents will have to be revised . . . [3] Employers should revise their cafeteria plans . . . [4] Employers who sponsor health FSAs and HRAs should decide whether to amend their plan so that expenses incurred for adult children will be reimbursable."
(Seyfarth Shaw)

[Guidance Overview]
DOL Updates Model COBRA Subsidy Notices; Notification Deadline May Be Soon for Certain Individuals
Excerpt: "In some instances, notice will need to be provided by mid-May."
(Proskauer Rose)

[Guidance Overview]
Federal Tax Relief Provided for Adult Child Coverage But Wisconsin Disparity with Federal Law Still a Problem
Excerpt: "[A]t least for the balance of 2010, it is likely that an employer will still be required to include the fair market value of coverage provided to the child of an employee in the employee's taxable income for Wisconsin tax purposes unless the child qualifies as the employee's tax dependent. Given the current disparity between state and federal tax law, Wisconsin employers should consider obtaining a written certification from each employee with an adult child covered under the employer's health plan regarding the child's status as a tax dependent."
(von Briesen & Roper, s.c.)

[Guidance Overview]
CLASS Program to Offer Benefits Under Health Care Reform Law
Excerpt: "Employers can choose whether to participate in the program, which will provide cash benefits and other services to working adults with functional limitations expected to last at least 90 days."

[Guidance Overview]
Employers Risk Penalties for 'Unaffordable' Healthcare Coverage
Excerpt: "If the employer coverage is determined 'unaffordable' and at least one employee turns to government assistance to buy individual coverage through a health insurance exchange, then the employer will be penalized . . . ."
(Employee Benefit News)

[Guidance Overview]
Health Plan Participant Had to Go Through Administrative Procedures to Appeal Denial of COBRA Subsidy Before Filing Suit
In response to a lawsuit by a participant who sued the employer but did not complete an application for review of her denial of her claim, the federal district court judge (District of Columbia) noted in the opinion that the DOL's guidance on its Web site directs individuals denied the COBRA subsidy to complete an 'Application for Review of Denial of COBRA Premium Reduction."

[Guidance Overview]
Employers Can Stop Imputing Income to Employees on Health Coverage for Children under the Age of 27
Excerpt: "Employers currently providing health care coverage to overage children, whether by choice or in order to comply with state mandates, should examine the tax treatment of such payments. Employers should stop imputing income to employees and stop withholding FICA, FUTA and income tax on the value of such coverage."
(Davis Wright Tremaine)

House Republican Leader John Boehner Says Republicans Will Repeal New Healthcare Law
Excerpt: "Boehner and the Republicans are hoping for a repeat of 1994, when the GOP swept the midterm elections. He says the party is engaging with the public to develop the agenda it will enact if it secures a majority in November."
(National Public Radio)

We are here to help you fill your job openings, just as we did for this satisfied customer; "I have to tell you that of all the job boards Iíve ever used, this one has the best quality of candidates. I donít get flooded with tons of resumes, and even the candidates who arenít fits for the jobs we have donít miss the mark by much."

Executive Compensation; Benefits in General

[Guidance Overview]
Employee Benefits Developments April 2010
Articles include Department of Labor Issues More Guidance and Relief for 403(b) Plans; COBRA Subsidy Extended Through May 31, 2010; DOL Issues Model CHIP Notice; DOL Issues Final Rule on Underfunded Multiemployer Pension Plans; Change in Retiree Medical Benefits Does Not Violate ERISA; Retention of Corporate Limited Liability.

Webcasts and Conferences

"401(k) Plan Workshop: Current Issues and New Developments" - Bloomington
in Illinois on May 27, 2010
presented by SunGard Relius

"401(k) Plan Workshop: Current Issues and New Developments" - Cleveland
in Ohio on May 27, 2010
presented by SunGard Relius

"401(k) Plan Workshop: Current Issues and New Developments" - Syracuse
in New York on May 27, 2010
presented by SunGard Relius

"Form 5500/EFAST2 Workshop" - Bloomington
in Illinois on May 26, 2010
presented by SunGard Relius

"Form 5500/EFAST2 Workshop" - Cleveland
in Ohio on May 26, 2010
presented by SunGard Relius

"Form 5500/EFAST2 Workshop" - Syracuse
in New York on May 26, 2010
presented by SunGard Relius

Pension Tour 2010
Nationwide on May 4, 2010
presented by Executive Benefits Design Group

Teleconference: The New Form 5500 Schedule C Reporting Requirements - What Investment Fund Managers and Plan Service Providers Need to Know
Nationwide on May 12, 2010
presented by New York City Bar Association - Employee Benefits and Executive Compensation Committee

Press Releases

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Newly Posted Employee Benefits Jobs

Manager - Client Experience
for Charles Schwab & Co., Inc.
in AZ, NC, TX

Benefits Specialist
for Recology Service Center
in CA

ERISA Consultant Small Plans (Second Vice President)
for New York Life Retirement Plan Services
in MA

Vice President, Retirement Sales
for Cammack LaRhette Consulting
in NY

Retirement Plan Administrator
for Milliman, Inc.
in NY

Retirement Plan Analyst
for Milliman, Inc.
in NY

Defined Contribution Pension Plan Administrator
for The Angell Pension Group, Inc

401(k) Administrator/Accountant
for Company Confidential
in OR

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