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U.S. Proposes Rules on Raising Health Insurance Premiums
Excerpt: "Under the rule issued Tuesday, insurers seeking increases of 10 percent or more in the individual or small-group market next year must publicly disclose the planned increases and the justifications for them."
(The New York Times; one-time registration required)
[Guidance Overview]
Additional HHS Guidance on Mini-Med Health Plans (PDF)
Excerpt: "HHS has issued two additional pieces of sub-regulatory guidance relating to waivers of PPACA's restrictions on plans and issuers imposing annual dollar limits on essential health benefits. The guidance includes the notice that plans and issuers granted a waiver must provide to participants and subscribers and sets out the limited circumstances under which issuers receiving waivers may sell new policies that do not comply with PPACA's annual dollar limit restrictions."
(Buck Consultants)
[Guidance Overview]
More Clarity on Restrictions That Apply to 'Mini-Med' Waivers
Excerpt: "Following up on the requirement that plans or issuers must inform eligible participants and subscribers of the fact that a waiver was obtained and the plan or policy does not meet the minimum annual limits requirements for essential health benefits, the DHHS also released Supplemental Guidance on Transparency."
(Deloitte via BenefitsLink.com)
Expert Believes Employers Should Focus on Five Benefits Strategies for 2011
Excerpt: "Fixing the broken health care system requires a three-pronged approach: Employers must comprehend the enormous value of the wellness impact; use sophisticated financial modeling and analytics to make wise benefit decisions; and advocate for employees and dependents as they navigate often complex benefit issues."
(Employee Benefit News; one-time free registration required)
Massachusetts Announces 2011 Health Coverage Penalties
Excerpt: "The penalties for individuals between 150.1% and 300% of Federal Poverty Level (FPL) are equal to half the cost of the lowest priced Commonwealth Care enrollee premium as of January 1, 2011."
(PLANSPONSOR.COM)
Web-Based Program on Best Practices and Innovative Healthcare Reform Models
Excerpt: "This interactive publication from the American Journal of Managed Care . . . reviews healthcare practice models and concepts such as value-based insurance design, patient-centered medical homes, integrated delivery systems, and pay-for-performance; it also discusses their role and application in healthcare reform."
(Managed Care & Healthcare Communications, LLC)
Health Savings Account Answer Book answers over 600 questions in a format that's quick and easy to use. It tells you virtually everything you have to know to profit from HSAs - from how they work, what they offer participants, and how they can benefit employers to helping you determine how well they will fit your company or clients. It answers key questions on all aspects of HSA establishment, administration, and compliance - including rules and penalties, medical coverage, contributions and deductions, distributions, rollovers and transfers, and more.
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Benefits in General; Executive Compensation
[Guidance Overview]
ISS FAQs on Shareholder Say on Parachute Payments
Excerpt: "[M]any companies have decided not to include the golden parachute vote in their 2011 annual meeting proxy statements because of the unnecessary attention that vote could draw from ISS. ISS confirms its position on this matter in its [FAQs that were updated on December 14.]"
(Michael S. Melbinger via Winston & Strawn LLP)
[Guidance Overview]
ISS FAQs on 2011 SSOP Voting and Other Executive Compensation Issues
Excerpt: "[One of the FAQs is:] In the event that a company's board decides not to adopt the say on pay vote frequency supported by a plurality of the votes cast, what are the implications in terms of ISS' voting recommendations at subsequent meetings? [The ISS answer is:] This policy has not been determined. The policy will be decided after review of the first year of voting results and after consultation with ISS's clients, and will be included in the policy updates for 2012."
(Michael S. Melbinger via Winston & Strawn LLP)
[Guidance Overview]
Transit Pass Requirements Postponed Until 2012
Excerpt: "As with the prior extensions the Notice states that, notwithstanding the new January 1, 2012 effective date, employers and employees may rely on Revenue Ruling 2006-57 for transactions that occur before that date."
(Deloitte via BenefitsLink.com)
[Guidance Overview]
IRS Delays Effective Date of Electronic Payment Card Guidance for Transit Expenses Until 2012
Excerpt: "This delayed effective date is good news for third-party administrators and employers offering qualified transportation fringe benefit plans where local transit systems are still not in compliance with the technological requirements for vouchers (presumably, the need for single-purpose cards or cards with separate 'purses' for transit versus parking expenses)."
(Employee Benefits Institute of America)
Text of the Report, 'Estimates of Federal Tax Expenditures for Fiscal Years 2010-2014'
Excerpt: "Each report contains a discussion of the concept of tax expenditures, identification of new tax expenditures enacted into law, a general explanation on how the Staff measures tax expenditures, estimates of tax expenditures, and distributions of selected individual tax expenditures by income class."
(U.S. Congress Joint Committee on Taxation)
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