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BenefitsLink Health & Welfare Plans Newsletter

July 13, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Benefits Manager (Job ID 25553)
for The Dannon Company in NY

Manager, Retirement Plan Services
for Charles Schwab in OH

Senior Data Associate
for Prudential in CT

Customer Service Representative (CSR)
for Boyce & Associates, Inc. in AZ

Retirement Communication Consultant
for Charles Schwab in OH

ERISA Attorney
for The ERISA Law Group, P.A. in ID

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Administrative Policies - Using them for Maximum Flexibility
Nationwide on July 13, 2011 presented by AccuDraft, Inc.


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[Guidance Overview]
Tax Court Allows Deduction for Payment to Long-Term Caregivers
"Amounts paid for qualified long-term-care services are deductible as medical expenses under section 213(d)(1). Qualified long-term-care services include personal care services required by a chronically ill individual and provided pursuant to a plan of care prescribed by a licensed physician (IRC § 7702B(c)(1))." (American Institute of Certified Public Accountants)


30th Annual ISCEBS Employee Benefits Symposium October 2011   [Advert.]

Sponsored by IFEBP (International Foundation of Employee Benefit Plans)

The Symposium is an unparalleled opportunity to learn from hundreds of industry colleagues, experts and leaders. Solution-oriented workshops, discussions, case studies and strategic sessions offer practical, timely takeaways. Register Now!


[Guidance Overview]
Court Rules on Volvo Retiree Benefits Changes
"Affirming the decision of a lower federal court, BNA reported that the U.S. Court of Appeals . . . ruled that, under the collective bargaining agreement . . ., Volvo was not permitted to make unilateral changes to retiree health benefits even after the agreement expired unless it followed a specific 'negotiated mechanism.'" (PLANSPONSOR.COM)

Big Employers Work to Weaken Insurance Mandate
"The Wall Street Journal reports that the Internal Revenue Service, along with two other agencies, is in the midst of figuring out messy questions related to enforcing this health law provision." (Henry J. Kaiser Family Foundation)

Health Insurance Rate Review in Ten States Will Rely on Federal Government Assistance
"Starting Sept. 1, 2011, insurers seeking rate increases of 10% or more for non-grandfathered plans in the individual and small group markets are required to publicly disclose the proposed increases and the justification for them." (Wolters Kluwer Law & Business)

HHS / Labor Survey to Ask Employers About Wellness Programs
"The survey is intended to 'assess the effectiveness and impact of workplace wellness programs, as well as identify best practices and lessons learned in program implementation with a particular focus on the use of incentives,'" (Business Insurance)

States Get Leeway on New Health Insurance Exchanges
"States could allow agencies to select which plans can be offered and to contract with insurers -- an approach used in Massachusetts. But states can also opt for largely open marketplaces, with all plans that meet certain standards available for sale." (The Wall Street Journal)

Some Doctors Insist on Brand-name Drugs Even When Cheaper Generics Are Available
"Take, for example, the popular anti-cholesterol drug Zocor. According to Drugs.com, a 90-pill bottle costs $459.98. But 90 pills of simvastatin, the generic version of Zocor, are only $83.97. Buy simvastatin at Wal-mart or Target, which offer special pricing programs, and the cost comes down to just $12." (Washington Post; free registration required)

Benefits in General; Executive Compensation

[Guidance Overview]
Though Not ERISA Case, the Jicarilla Opinion Holds Interest for ERISA Practitioners
"In the course of its opinion . . . the Court noted application of the fiduciary exception in the context of ERISA litigation. Moreover, the Court explained the rationale of the exception with reference to the leading case on the issue, Riggs Nat. Bank of Washington, D. C. v. Zimmer . . . ." (Roy Harmon III via Health Plan Law)

Press Releases

American Pension Services Goes "Platinum" With Unique Multiple Employer Plan
(American Pension Services, Inc.)

US Department of Labor Launches New Online Tools for Software Developers
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

Edward Jones and CPI Announce Competitive New 401(k) Program
(CPI Qualified Plan Consultants, Inc.)

US Pension Plans Post Slight Gain During June
(Mercer)

NIRS Testifies Before U.S. Senate That Pensions Create Jobs, Stimulate The Economy
(National Institute on Retirement Security)

The Vitality Group Helps U.S. Businesses Navigate New Legal Environment for Health and Wellness Programs
(The Vitality Group)

Payroll Link Makes Testing Fast & Easy For Their Clients
(401kTest.com)

401(k) Provider Releases First-Of-Its-Kind All-In Fee Calculation
(Lincoln Trust Company)

Castle Rock Innovations Partners With The Wagner Law Group
(Castle Rock Innovations)

When It Comes to Keeping Employees Healthy, More Is Less
(Regence Life and Health)



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Lois Baker, J.D., President
Holly Horton, Business Manager

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