BenefitsLink Health & Welfare Plans Newsletter
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[Guidance Overview]
Health Insurance Cost Information Reporting Further Delayed
"Under the new Notice, 'small employers' for a year are those filing fewer than 250 Forms W-2 for the preceding year; those employers won't have to report the cost of health care coverage on Forms W-2 . . . ."
(Ford & Harrison LLP)
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Who Purchases Long-Term Care Insurance?
"Most Americans will eventually need long-term care, which is often expensive and not usually covered by public programs until care recipients have nearly exhausted their savings. Yet, relatively few Americans purchase private long-term care insurance, exposing many families to potentially high out-of-pocket costs."
(Urban Institute)
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Repeal of Expanded 1099-MISC Reporting Is Almost Official (PDF)
"To pay for this relief, H.R. 4 changed the health care tax credit provisions provided under PPACA. Effective in 2014, PPACA will provide a subsidy to certain low income individuals who purchase health insurance on an exchange, and the amount of the subsidy is based on the individual's household income."
(Groom Law Group)
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Workplace Design Changes Help Employees Keep Weight Off, Study Says
"The researchers report on the impact of environmental interventions at several Dow Chemical Company worksites. They found that simple, low-cost interventions -- for example, encouraging workers to take the stairs and making healthy options available in vending machines -- helped to avoid employee weight gain."
(1105 Media Inc.)
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Benefits in General; Executive Compensation
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[Official Guidance]
EBSA Request for Information Regarding Electronic Disclosure by Employee Benefit Plans (PDF)
"This request for information (RFI) solicits views, suggestions, and comments from plan participants and beneficiaries, employers and other plan sponsors, plan administrators, plan service providers, health insurance issuers, and members of the financial community, as well as the general public . . . ."
(U.S. Employee Benefits Security Administration)
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[Guidance Overview]
SEC's Proposed Rules for Compensation Committee and Adviser Independence (PDF)
"Despite the length of the proposed rules and their accompanying commentary, there are very few differences from the statutory language. In part, this stems from the SEC's decision to leave the primary responsibility for detailed rule making to the individual securities exchanges; accordingly, rules by the NYSE may be the key document in determining how the new Committee independence rules apply to companies listed on the NYSE."
(Frederic W. Cook & Co., Inc.)
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Update on Shareholder Say on Pay and Frequency Voting
"[A]s reported in Mark Borges' Blog, as of Friday evening, April 1st, the breakdown of company recommendations for the 'Say on Pay' frequency vote in definitive and preliminary proxy statements that had been filed for the 2011 proxy season was . . . ."
(Michael S. Melbinger via Winston & Strawn LLP)
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As U.S. Boomers Age, a Soul-Searching Budget Battle
"Keeping those boomers healthy and out of poverty poses the biggest threat to long-term U.S. finances, and figuring out how to pay for it will be an epic political fight. Federal Reserve Chairman Ben Bernanke calls the fiscal problems a 'near and present danger' to the U.S. economy."
(Reuters via The New York Times; free registration required)
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GAO Report: State and Local Governments' Fiscal Outlook: April 2011 Update (PDF)
"As we have reported in previous model updates, and as shown in figure 1, the sector faces long-term fiscal challenges that grow over time. The model's simulations show that the fiscal position of the sector will steadily decline through 2060 absent any policy changes. [The report includes health care and pension fund expenditures.]
(U.S. Government Accountability Office)
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Press Releases
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Employee Benefits Jobs
Defined Contribution Analyst
in CT
for Hooker & Holcombe, Inc.
Daily Retirement Plan Administrator
in NY
for CMC Interactive, LLC
Regional Manager - Participant Counseling
in GA, NC, TX
for Diversified Investment Advisors, Inc.
Client Help Desk Representative
in CA
for Woodruff-Sawyer & Co.
Enrolled Actuary
in NY
for Creative Plan Designs, Ltd,
Part Time On Call Participant Counselor
in DC, NJ, OH
for Diversified Investment Advisors, Inc
401(k) Administrator/Account Manager
in WI
for Alliance Benefit Group WI
401(k) Account Manager
in CA
for D/A Financial Group
Business Process Analyst
in IL
for Benefit Broker Firm (Chicago)
Project Manager, Benefits Administration
in FL
for Publix Super Markets, Inc.
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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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