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April 22, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

[Guidance Overview]
Affordable Care Act's 'Free-Choice Voucher' Rule Repealed
"As a result, employers that sponsor group health plans will no longer have to offer vouchers beginning in 2014 to certain employees who purchase coverage on their own through the state health insurance exchanges and who meet certain criteria with respect to income level and amount of employee contributions to health coverage." (The Segal Group, Inc.)



[Guidance Overview]
CMS Issues Final 2012 Policies for Medicare Health and Drug Plans
"The final rule also sets forth programmatic and operational changes to the Medicare Advantage and Part D drug benefit programs for contract year 2012 based on CMS' continued experience with the administration of these two programs." (Wolters Kluwer Law & Business)

[Guidance Overview]
Tenth Circuit Determines Plaintiff Has No Standing to Bring Suit Under ERISA, So His Claim Cannot Be Removed to Federal Court
"The doctrine of complete preemption, discussed in this case, is separate and apart from ERISA's preemption of state law found in Section 514(a) of ERISA. The complete preemption creates federal jurisdiction, while Section 514(a) preemption is a defense to a state law claim pertaining to an employee benefit plan." (ERISA Lawyer Blog)

FSA Proponents Press Lawmakers for Changes to PPACA Provisions
"The Employers Council on Flexible Compensation (ECFC) is fighting to repeal parts of the health care reform law that establish annual caps for flexible spending arrangements and require a prescription for over-the-counter medications to be reimbursed under FSAs." (Employee Benefit News; free registration required)

Getting Up to Speed on Self-Funding and Stop-Loss Insurance Takes on New Urgency under PPACA
"In this post-health care reform environment, benefit advisers - and their employer clients - face a new world order. For instance, with new restrictions on capping lifetime maximum benefits, the burden of managing the potential financial risk posed by even one employee's catastrophic illness looms large." (Employee Benefit Adviser; free registration required)

Narrow-Network HMOs Are the New Cost-Cutting Tool
"These plans offer participants fewer choices, which enables the network to reduce its premiums for both employers and employees. High-cost doctors and diagnostic facilities are simply removed from the insurance roster and become inaccessible for the average subscriber." (Governing)

High Deductible Health Care Coverage: Snapshot of Some Mixed Evidence
"The large body of evidence examining the various components of CDHPs may help inform policymakers who are exploring the advantages and disadvantages of offering high deductible plans within states' health insurance exchanges. While HDHPs are structured in such a way to promote cost savings and protect against the financial burden of a catastrophic medical event, the evidence on the success of these goals is mixed." (Changes in Health Care Financing & Organization Initiative)

Benefits in General; Executive Compensation

[Guidance Overview]
New Proposed Rules for Incentive-Based Compensation at Covered Financial Institutions (PDF)
"Proposed rules were published in the Federal Register last week pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act to regulate the incentive-based compensation arrangements . . . for nearly all financial institutions operating in the United States having assets in excess of $1 bil.lion, including broker/dealers and investment advisors." (Pillsbury Winthrop Shaw Pittman LLP)

[Guidance Overview]
DOL Considers Easing Rules for Electronic Benefit Communications
"In the meantime, plan sponsors, fiduciaries, administrators and others involved in the sponsorship or operation of employee benefit plans should review their existing notice, disclosure and other communications to maintain compliance with existing and impending regulatory changes and manage other risks arising from these communications." (Employee Benefit News; free registration required)

CEOs Earn 343 Times More Than Typical Workers
"'Despite the collapse of the financial market at the hands of executives less than 3 years ago, the disparity between CEO and workers' pay has continued to grow to levels that are simply stunning,' said Richard Trumka, AFL-CIO president." (Cable News Network)

Benefits Statements Offer a Snapshot of an Employee's Total Compensation
"Benefit statements can fill an important need in the marketplace. For example, less than 19% of organizations think their employees have a very good understanding of their benefits, while nearly 5% think their employees know nothing at all about their benefits . . . ." (Employee Benefit Adviser; free registration required)

United Bumps Retiree Travel Perk to Back of Line
"Under United Airlines' old plan, retirees with more than 25 years of service had top priority when it came to flying standby on unused seats." (Workplace Management: free registration required)

Press Releases

Employee Benefits Jobs

Senior Analyst - ERISA Compliance
for Charles Schwab in TX

Account Executive - San Diego or Los Angeles - IRC26978
for Lincoln Financial Group in CA

Account Manager - Worksite/Voluntary Benefits
for Corporate Synergies Group in NY

Group Health Benefits Consultant Sales Rep
for Corporate Synergies Group in MD

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Webcasts and Conferences

"401(k) Plan Current Issues Workshop" - Cleveland
in Ohio on May 24, 2011 presented by SunGard Relius

"401(k) Plan Current Issues Workshop" - New York
in New York on May 26, 2011 presented by SunGard Relius

"401(k) Plan Current Issues Workshop" - Seattle
in Washington on May 26, 2011 presented by SunGard Relius

"Form 5500/EFAST 2 Workshop" - Cleveland
in Ohio on May 23, 2011 presented by SunGard Relius

"Form 5500/EFAST 2 Workshop" - New York
in New York on May 25, 2011 presented by SunGard Relius

"Form 5500/EFAST 2 Workshop" - Seattle
in Washington on May 25, 2011 presented by SunGard Relius

Changes to Cafeteria Plans: What You Need to Know to Prepare
Nationwide on May 6, 2011 presented by Lorman Education Services

Conquer the New World of 403(b) Retirement Plans Webinar
Nationwide on May 5, 2011 presented by MassMutual Retirement Services

Strategies for Managing Your Company's Global Benefits Program
Nationwide on May 16, 2011 presented by Lorman Education Services

Three Secrets to a Fiduciary-Friendly Retirement Plan Webcast
Nationwide on May 25, 2011 presented by Roland|Criss Fiduciary Services

Understanding the Impact of Health Care Reform on Employers in California
in California on May 4, 2011 presented by Lorman Education Services

Understanding the Impact of Health Care Reform on Employers in California
in California on May 20, 2011 presented by Lorman Education Services

Understanding the Impact of Health Care Reform on Employers in Florida
in Florida on May 19, 2011 presented by Lorman Education Services

Understanding the Impact of Health Care Reform on Employers in Louisiana
in Louisiana on May 18, 2011 presented by Lorman Education Services

Understanding the Impact of Health Care Reform on Employers in New Mexico
in New Mexico on May 24, 2011 presented by Lorman Education Services

Understanding the Impact of Health Care Reform on Employers in New York
in New York on May 17, 2011 presented by Lorman Education Services

Voluntary Fiduciary Correction Program Workshop Live on the Internet
Nationwide on May 24, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)


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