BenefitsLink Health & Welfare Plans Newsletter
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[Guidance Overview]
A New VEBA Boomlet?
"Inevitably, anything as massive as health care reform will have unanticipated consequences. One of those appears to be a renewed demand for welfare benefit trust funds. This demand arises in a specific context: self-insured, stand-alone retiree health plans."
(Spencer Fane)
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[Guidance Overview]
Student Health Insurance Defined As Individual Insurance in Affordable Care Act
"Student health insurance coverage would be defined as a type of individual health insurance coverage and thus would not be subject to some of the provisions of the Patient Protection and Affordable Care Act (ACA), according to proposed rules from the Department of Health and Human Services' Centers For Medicare and Medicaid Services."
(Wolters Kluwer)
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[Guidance Overview]
Genetic Testing Causes Concern for Governmental Plan Sponsors
"This Public Sector Letter presents an overview of genetic testing coverage issues. It discusses the following aspects of genetic testing coverage: the ever-increasing number of diseases for which genetic testing is available, uses of genetic testing and various ways in which some genetic tests can improve care, issues to consider for public sector health plans that decide to cover genetic testing, and a Department of Health and Human Services report that includes criteria for determining when genetic testing coverage is and is not recommended."
(The Segal Company)
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ERRP Update: It's Time to Make Your Move
"According to an article this week in Business Insurance, the US Dept of Health and Human Services (HHS) estimates that $3.6 bil.lion will have been paid out in fiscal 2011 (ending 9/30/11). That leaves only $1.4 bil.lion for next year -- and then it's gone."
(The VIA Retirement Plan Blog)
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HHS OKs 94% of Health Care Law Waiver Requests
"The waivers are needed because most, if not all, mini-med plans run afoul of federal rules -- mandated by the health care reform law -- that set a minimum annual dollar limit on essential benefits that health care plans must provide in 2011, 2012 and 2013."
(Business Insurance)
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In Newburyport, MA, Pension Balloon Set to Bust
Excerpt: "And as the Massachusetts Taxpayers Foundation notes in a report called 'Retiree Health Care: The Brick That Broke Municipalities' Backs,' thanks to the 'rapid acceleration of health care costs combined with overly generous benefits,' the top 50 cities and towns in the state by population are on the hook for a 'staggering' $20 bil.lion."
(Newburyportnews.com)
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[Opinion]
Health Reforms Central Flaw: Too Much Power in One Office
"I [recently] saw an analysis of the expanded powers of the secretary of health and human services under last year's health-reform law. It took a 5-foot-by-10-foot chart, as compiled by the Center for Health Transformation, to list the new powers for this office and all the bureaucrats that report to the secretary."
(Michael O. Leavitt in the Washington Post; free registration required)
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Benefits in General; Executive Compensation
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[Guidance Overview]
SEC's Final Rules on Say-on-Pay, Say-on-Frequency and Say-on-Parachutes
"Public companies must provide shareholders with a say-on-pay vote and say-on-frequency vote at the first annual or other meeting of shareholders where directors are elected occurring on or after January 21, 2011. The say-on-parachutes vote and enhanced disclosure of golden parachute compensation will be required for initial filings by all public companies on or after April 25, 2011."
(McDermott Will & Emery)
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[Guidance Overview]
SEC's Final Say-on-Pay and Say-on-Frequency Rules
"The final rules require companies to provide shareholders -- no less frequently than once every three years -- a nonbinding advisory vote on the compensation paid to named executive officers, as disclosed pursuant to Item 402 of Regulation S-K."
(Perkins Coie LLP)
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[Guidance Overview]
SEC's Say-on-Golden Parachute Rules
"The final rules will be effective April 4, 2011, except as noted below. Although the final rules substantially reflect the proposed rules, there are important differences, and companies should carefully review the SEC's final rules for guidance."
(Perkins Coie LLP)
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Press Releases
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Employee Benefits Jobs
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Webcasts and Conferences
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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
dbaker@benefitslink.com
Copyright 2011 BenefitsLink.com, Inc., but feel free to forward this newsletter in its entirety.
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