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August 8, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Sales Consultant - Retirement Benefits
for Diversified in IL

Account Executive
for Lenox Advisors in NY

Benefits Communication Project Manager (temporary position, August through December)
for Stanford Hospital & Clinics and Lucile Packard Children's Hospital in CA

On-Site Education Specialist
for Milliman in TX

Retirement Sales Consultant
for T. Rowe Price in CA, CO

Group Account Manager
for AUL/OneAmerica Financial Partners, Inc. in IN

Client Service Analyst
for Milliman in TX

DB Systems Analyst
for Milliman in TX

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Webcasts and Conferences

How to Provide Domestic Partner and Same-Sex Spouse Benefits to Your Employees Webcast
Nationwide on August 30, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Rekon Road Show- Oak Brook
in Illinois on September 7, 2011 presented by 401(k) Rekon


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[Guidance Overview]
IRS Advises Employer on COBRA and HCTC Implications of Retiree Health Benefits Renegotiated in Bankrup.tcy
"The IRS COBRA regulations do not acknowledge the possibility of a waiver before the right to elect COBRA continuation coverage arises. But the IRS has concluded in this and previous PLRs that in the limited circumstances in which an anticipatory waiver of COBRA continuation coverage is not contrary to public policy, the provisions in the regulations allowing waiver, as well as revocation of the waiver until the end of the election period, apply." (Thomson Reuters/EBIA)

[Guidance Overview]
Amended Regulations on Coverage of Preventive Services and Guidelines on Required Coverage of Women's Preventive Services
"The requirement to cover preventive services without cost-sharing is a significant compliance burden for plans. Lots of plans already cover many preventive services, but plan sponsors and advisors need to make sure that non-grandfathered plans cover all of the preventive services listed in the various federal recommendations and guidelines . . . ." (Thomson Reuters/EBIA)

[Guidance Overview]
Third Circuit Rules That Administrator Was Not Arbitrary or Capricious in Denying Claim for Long-Term Disability Benefits
"[The plaintiff] did not carry her burden to show that, in spite of the modifications, she was unable to perform the necessary functions of her occupation. As such, the Court upheld the district court's summary judgment against [her]." (Stanley D. Baum, ERISA Lawyer Blog)

Medicare Drug Insurance Premiums Won't Rise in 2012
"Premiums for Medicare's Part D prescription drug coverage averaged $30.76 a month in 2011, the agency said. It said the average premium in 2012 would be about $30 a month." (U.S. News & World Report)

CMS Unveils Updated Website to Help Consumers Compare Quality Data
"Officials from the Centers for Medicare and Medicaid Services said Friday that site includes updated data to help consumers compare hospitals, physicians, nursing homes, home care or dialysis providers." (Henry J. Kaiser Family Foundation)

EEOC Questions Compliance of ERMs that Contain Both Personal and Occupational Health Information
"By its terms, the Informal Discussion Letter is not an official opinion of the EEOC, but is for the purpose of discussing the issues. It does not state that separate EMRs must be maintained for personal and occupational health information, but does state that where the information is maintained in a single EMR, 'particularly one that allows someone with access to the EMR to view any information contained therein,' there is a real possibility of violating the ADA, GINA or both." (Deloitte via BenefitsLink.com)

HSAs Increased to More Than $11.7 Bil.lion in June, According to Survey
"The total number of HSA accounts rose to 6.3 mil.lion, a year over year increase of 28%. Assets saw a 31% year-over-year increase, as well as 17% growth so far in 2011." (PLANSPONSOR.COM)

Mercer Survey Examines Employer-Sponsored Coverage under Reform
"An online survey of 894 employers in July by Mercer found that '[d]espite concerns about cost, employers remain committed to offering medical coverage to their employees. Just 2% of survey respondents say they are 'very likely' to terminate medical plans after the insurance exchanges are operational, with another 6% 'likely' to do so.'" (Henry J. Kaiser Family Foundation)

Stringent New Health Privacy Legislation Enacted in Texas Will Present Difficult Implementation Challenges and Increased Enrollment Activity
"Citing concerns that federal law does not adequately protect patient privacy, Texas recently enacted stringent new health privacy legislation that extends patient protections beyond those contained in [HIPAA] or [HITECH]." (Haynes and Boone, LLP)

Benefits in General; Executive Compensation

[Guidance Overview]
Treasury Proposed Clarification of Performance-Based Compensation Exception Under the $1 Mil.lion Deduction Limitation (PDF)
"The proposed regulations make clear that the performance plan must state the maximum number of options or rights for each individual and that the special transition rule applies only to compensation received pursuant to a stock option, SAR, or restricted stock award. The special transition rule does not apply to restricted stock units and phantom stock." (Buck Consultants, LLC)

Press Releases



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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Lois Baker, J.D., President
Holly Horton, Business Manager

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