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October 14, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Plan Consultant
for 401(k) Advisors, Inc. in CA

Consulting Actuary, EA
for Libman, Kadavy & Co., Inc. in OH

Region Service Mgr
for The Standard in OH

401(k) New Business Omni/Systems Advisor-IRC17407
for National Rural Electric Cooperative Association (NRECA) in VA

Participant Contact Center Specialist
for Transamerica Retirement Services in OH

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Webcasts and Conferences

Defined Contribution Plans: New Approaches for the Current Economic Climate
Nationwide on October 20, 2011 presented by Thompson Publishing Group


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[Guidance Overview]
Stand-Alone HRAs Receive Exemption from Annual Limit Waiver Requirement (PDF)
"HHS issued supplemental guidance that exempts certain stand-alone HRAs from having to apply for waivers from the PPACA restrictions on annual limits for plan years beginning before January 1, 2014." (Buck Consultants, LLC)


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[Guidance Overview]
IRS Information Letters Address Unique Qualifying Medical Expenses
"The IRS recently addressed unique taxpayer questions regarding whether certain expenses qualify as medical expenses under Code § 213 and whether those expenses could be reimbursed from a health care flexible spending account or medical reimbursement account." (Deloitte via BenefitsLink.com)

[Guidance Overview]
IRS Update of Form 8928 for Reporting Excise Taxes on Group Health Plans
"With such a structure for imposing — and waiving — these excise taxes, employers, plan sponsors, and plan administrators of group health plans have a clear and pressing incentive to establish reasonable procedures for ensuring that their health plans comply, and for promptly identifying and correcting noncompliance." (Deloitte via BenefitsLink.com)

[Guidance Overview]
Providing Financial Incentives for Employee's Spouse to Complete a Health Risk Assessment May Be Problematic under GINA
"To summarize, the EEOC regional office appears to be taking the position that since GINA prohibits employers from providing financial incentives in connection with HRAs that ask the employee about his or her own family medical history, it is equally impermissible for an employer to ask the employee's spouse about his or her own medical history in return for a financial incentive." (Towers Watson)

Aetna Members Can Visit Doctor Virtually at Work
"Some Aetna members can now check their blood pressure and receive care for minor health issues at work with the new freestanding, individually operated health stations from Computerized Screening, Inc. . . . ." (PLANSPONSOR.COM)

Eating Disorders a New Front in Health Insurance Fight
"[I]n the last few years, some insurance companies have re-emphasized that they do not cover residential treatment for eating disorders or other mental or emotional conditions. The insurers consider residential treatments not only costly — sometimes reaching more than $1,000 a day — but unproven and more akin to education than to medicine." (The New York Times; free registration required)

Blue Shield of California to Return $283 Mil.lion in Excess Profits to Policyholders
"Blue Shield of California says it will give customers in the state a $283-mil.lion credit on their insurance premiums, saying it is fulfilling a promise to return money to policyholders when its net income exceeds 2% of revenue." (Los Angeles Times)

Video: Solving the Health Care Cost Crisis
"Michael Porter and Robert S. Kaplan, Harvard Business School professors and authors of the HBR article How to Solve the Cost Crisis in Health Care, explain why providers must start with proper measurement." (Harvard Business School Publishing)

How Competitive Are State Health Insurance Markets?
"The analysis finds that while substantial variation exists in insurance market competition, a single insurer dominated at least half of the individual market in 30 states and the District of Columbia. In the small group market, a single insurer accounted for at least half of the market share in 26 states and D.C." (The Henry J. Kaiser Family Foundation)

Outsourcing Health Benefits Grows More Popular
"A recent report finds health-and-welfare outsourcing services are growing at four times the rate of pension-related services — demand that is being caused by complexity and administrative requirements of the healthcare-reform law, experts say." (Human Resource Executive Online)

Benefits in General; Executive Compensation

[Guidance Overview]
4th Quarter Complication for 409A Plans (PDF)
"This article describes a relatively new 409A rule that applies to all covered plans and contracts which require employees and independent contractors ('service providers') to sign releases or other employment-related commitments as a condition of payment." (Davis, Malm & D'Agostine, P.C.)

[Guidance Overview]
IRS Guidance on Tax Treatment of Employer-Provided Cell Phones
"Given the welcomed clarity offered by the Notice and by the Examination Memo, this is an excellent time for employers to review their policies related to the usage of cell phones by employees (whether via employer-provided cell phones or through employer reimbursement of expense incurred by employees related to the usage of their personal cell phones)." (Porter Wright Morris & Arthur LLP)

Deferred Compensation Plans: When They're a Great Choice, and When They're Not
"Nonqualified deferred compensation plans are a common feature of executive pay packages. They're a great choice in the right conditions, i.e. when: The executive's share of company profits is very small, and The executive is willing to shoulder the employer's credit risk, and Providing the benefits through a qualified plan would be too expensive." (Van Iwaarden Associates)

The Global Added Value of Flexible Benefits (PDF)
"Several companies in Asia plan to implement flex in the next few years, and a number of emerging best practices in flexible benefits design are being developed. This article discusses the many advantages of flex, flex best practices emerging across Asia, and important considerations for employers when designing flexible benefits." (International Society of Certified Employee Benefit Specialists)

Press Releases

Agency Opposes Friendly’s Attempt to Dump Pension Plan; Pledges Fight for Workers and Retirees
(Pension Benefit Guaranty Corporation (PBGC))

Employee Benefits Security Administration Issues Questions and Answers on Prohibited Transactions and Exemptions
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

412(e)(3) Fully Insured DB Plan Software for Design and Administration from DATAIR
(DATAIR Employee Benefit Systems, Inc.)

Hardy Reed, LLC Is Certified For Fiduciary Excellence
(Centre for Fiduciary Excellence (CEFEX))

US Pension System Holds onto Top 10 Ranking in Global Index - but Reform Needed
(Mercer)

American Federation of Musicians and Employers Pension Fund Denounces Plan by the Philadelphia Orchestra to Withdraw
(American Federation of Musicians and Employers Pension Fund)

Retired Delta Pilots to File Unprecedented Appeal with PBGC
(Delta Pilot's Pension Preservation Organization (DP3, Inc.))



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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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