The Department of Health and Human Services recently published regulations explaining how plan sponsors may apply for the early retiree reinsurance program in the Affordable Care Act. The upcoming webcast, Early Retiree Reinsurance Program: Information You Need Now to Apply, will discuss the new regulations and focus on what plan sponsors need to do to participate. Register now to attend this webcast on Thursday, June 10.
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[Guidance Overview]
Simple Cafeteria Plans Boon for Small Employers
Excerpt: "In years beginning after Dec. 31, 2010, certain small employers' cafeteria plans can qualify as simple cafeteria plans and thus avoid the nondiscrimination requirements of a classic cafeteria plan under IRC Sec. 125(b)."
(Wolters Kluwer)
Offering Health Care Could Prove Even More Costly for Employers
Excerpt: "A clause in the new healthcare-reform law will penalize employers if their coverage is deemed unaffordable for all of its workers. Even though fines won't start until 2014, it seems there will be no way for companies to discover their employees can't afford coverage until the company starts being fined by the government. Experts offer some options and advice."
(Human Resource Executive Online)
Claims Appeals Process under Health Care Reform
Excerpt: "A group health plan and a health insurer must implement an effective process for appeals of coverage determinations and claims. This appeals process must include, at a minimum, the following . . . ."
(Wolters Kluwer)
Doctors Tack on Fees for Patients
Excerpt: "A growing number of doctors across the country are boosting revenue by asking patients to pay new fees for services they say insurance doesn't cover, insurance and physicians' groups say."
(USA TODAY)
U.S. Defends Health Reform Against Lawsuits in Michigan, Virginia
Excerpt: "The administration said the mandate requiring most Americans to obtain health insurance coverage or face a tax penalty is not only an integral part of the reform law, but also falls well within Congress' powers to regulate areas impacting interstate commerce -- in this case, health care."
(American Medical Association)
Register now for the 2010 SPARK National Conference, June 13-15 at the Mandarin Oriental Hotel in Washington, DC. Join the top marketing, sales, administration and record keeping professionals at the retirement services industry’s leading educational and networking event. Gain insights into the latest business, marketing and sales strategies. Get updates on current market trends, regulatory and legislative issues. Attend sessions designed for TPAs, Financial Advisors and RIAs. Network with peers and earn Continuing Education Credits.
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Executive Compensation; Benefits in General
[Guidance Overview]
Supreme Court Resolves ERISA Fee Dispute, Answering Some Questions and Raising Others
Excerpt: "Hardt will clearly change the law in those circuits that had imposed a prevailing-party requirement on parties seeking a fee award in ERISA cases. The decision may also influence other significant issues impacting attorney's fee awards, but as to these issues the Court's guidance is much less clear."
(Proskauer Rose LLP)
Some Benefits Extended to Same-S.ex Partners of Federal Employees
Excerpt: "G.ay and les.bian federal employees' same-s.ex domestic partners and their children are now eligible for child care, employee assistance, credit union membership and other benefits heterose.xual employees' families now receive. And beginning July 1, federal employees and retirees will be able to add their same-s.ex partners to their long-term care insurance policies."
(Army Times Publishing Co.)
Washington-Baltimore Area Benefits Survey: Part-Timers Getting More Perks
Excerpt: "Employers in the Washington-Baltimore region offered part-time workers better perks this year, such as paid days off, in lieu of creating full-time positions, according to an annual survey of human resources officials to be released [today]."
(The Washington Post; free registration required)
Pols Turning on Labor Unions Over Benefit Costs
Excerpt: "Spurred by state budget crunches and an angry public mood, Republican and some Democratic leaders are focusing with increasing intensity on public workers and the unions that represent them, casting them as overpaid obstacles to good government and demanding cuts in their often-generous benefits."
(Capitol News Company LLC)
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