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March 27, 2014          Get Retirement News  |  Advertise
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Employee Benefits Jobs

Pension Plan Loan / Distribution Clerk
Retirement, LLC - Series Two
in IL, OK, SD

Retirement Plan Administrator
LoVasco Consulting Group, Inc.
in MI

Senior Administrator, Defined Contribution 401(k)
TPA Woodland Hills, CA
in CA

Assistant Administrator - 401(k) Department
TPA in Woodland Hills, CA
in CA

Plan Document Specialist
Lincoln Financial Group
in ANY STATE

Director, Retirement Plans Client Services
Ameritas Life Insurance Corp.
in OH

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Webcasts and Conferences

Affordable Care Act: What's Covered Under Preventive Care
April 3, 2014 WEBCAST
(MentorHealth)

Developing a Global Benefits Strategy - Recorded
April 11, 2014 WEBCAST
(International Foundation of Employee Benefit Plans)

Retirement Income Legislation
April 17, 2014 in IL
(ASPPA Benefits Council of Chicago)

403(b) Plan Document Update 2014
May 15, 2014 WEBCAST
(Erisafile Inc.)

The Ethics of Plan Amendments 2014
May 29, 2014 WEBCAST
(Erisafile Inc.)

27th Annual Administrators' Symposium
August 6, 2014 in CO
(Employers Council on Flexible Compensation (ECFC))

View All Webcasts and Conferences


  LinkedIn   Twitter   Facebook Hand-picked links to the web's best news articles,
official guidance, jobs, webcasts and more.
[Official Guidance]

Text of IRS Notice 2014-23: Eligibility for Premium Tax Credit for Victims of Domestic Abuse (PDF)
"For calendar year 2014, a married taxpayer will satisfy the joint filing requirement of section 36B(c)(1)(C) if the taxpayer files a 2014 tax return using a filing status of married filing separately and the taxpayer (i) is living apart from the individual's spouse at the time the taxpayer files his or her tax return, (ii) is unable to file a joint return because the taxpayer is a victim of domestic abuse, and (iii) indicates on his or her 2014 income tax return in accordance with the relevant instructions that the taxpayer meets the criteria under (i) and (ii). The proposed regulations will incorporate this rule for 2014." (Internal Revenue Service [IRS])  


[Advert.]

Set Yourself Apart From Your Peers With the CEBS Designation

Sponsored by International Foundation of Employee Benefit Plans (IFEBP)

Co-sponsored by the International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania, the CEBS designation gives you the knowledge and confidence to succeed in today's business environment. Learn More!



[Guidance Overview]

Treasury Department Fact Sheet: Addressing the Needs of Victims of Domestic Abuse under the ACA
"Treasury and the [IRS] are highlighting existing ways for victims of domestic abuse to access the [premium tax credit (PTC)] and will provide additional alternative ... Treasury and the IRS are also reviewing ways to allow married people facing similar difficulties, for reasons other than being a victim of domestic violence, to access the PTC." (U.S. Department of the Treasury)  

[Guidance Overview]

Complying with the Final HIPAA Privacy and Security Regs (PDF)
9 pages. Excerpt: "One of HIPAA's major goals was to simplify the process for administering insurance eligibility, claim submission and provider payments.... HIPAA rules have focused on creating common formats and encouraging electronic transactions for these administrative functions. These changes may make the data more vulnerable.... To comply with HIPAA privacy and security requirements, covered entities must take several steps." (McGraw Wentworth)  

[Guidance Overview]

Final Regs Issued on 90-Day Waiting Period Limitation and Certificates of Creditable Coverage
"From a practical perspective, [the] orientation period can be used as a means of delaying eligibility for a short period before the 90 day waiting period begins in order for employers to enroll all newly eligible employees within a given month on a standard date (rather than multiple dates based on individual hire dates). An orientation period can also give administrators additional time to distribute enrollment materials." (Seyfarth Shaw LLP)  

[Guidance Overview]

New Information Reporting Requirements Under the ACA
"Each large employer will be required to file Forms 1094-C and 1095-C for its own employees, even if it is a member of a controlled group or participates in a plan with other employers (e.g., the parent company sponsors a plan in which all subsidiaries participate). Special rules apply to multi-employer plans for collectively-bargained employees. Large employers with fewer than 100 full-time employees are generally eligible for transition relief from the employer mandate penalty for their 2015 plan year. Nonetheless, these employers are required to file Forms 1094-C and 1095-C for the 2015 calendar year and certify that they qualify for the transition relief." (McGladrey)  


[Advert.]

ACI's 5th Annual Forum on Managed Care Disputes & Litigation

Sponsored by ACI [American Conference Institute]

MCOs struggle to fight off rampant litigation centered on: antitrust violations, complex class actions, Medicare Advantage challenges and much more. Gain best practices & advanced strategies for handling the most complex litigation challenges facing MCOs.



Ninth Circuit Rejects Suit Brought by Worker Who Expressly Declined to Take FMLA Leave
"The practical take-aways for employers are: [1] it is important to have a clear FMLA policy that makes clear when vacation will run concurrently with FMLA; [2] it is important to train supervisors and managers on the policy; and [3] getting an acknowledgement, in writing, from the employee when an employee wishes to decline his or her right to FMLA leave is probably the best way to establish that the employee understood his or her rights and expressly declined FMLA." [Escriba v. Foster Poultry Farms, Inc., No. 11-17608 (9th Cir. Feb. 25, 2014)] (Ogletree Deakins)  

Seventh Circuit: Beneficiary and Attorney Who Ignore Subrogation Lien for Medical Bills Paid by ERISA Plan May Face Jail Time
"The ERISA plan pays hundreds of thousands of dollars in medical bills and secures an equitable lien. Then, the ERISA plan beneficiary settles a tort claim, but refuses to reimburse the ERISA plan. The beneficiary and her attorney both claim the funds have 'dissipated.' Does that argument trump the equitable lien? NO. The beneficiary and her attorney 'better call Saul' (see Breaking Bad TV series) because jail time might be an option." [Central States SE and SE Areas Health Welfare Fund v. Lewis, No. 13-2214 (7th Cir. March 12, 2014)] (Lane Powell PC)  

Employer Contributions to Health Accounts (PDF)
"Nearly three-quarters (71 percent) of workers with a health reimbursement arrangement (HRA) or health savings account (HSA) reported that their employers contributed to the account last year ... [T]he percentage of workers with an HRA or HSA plan whose employers contributed to the account has been steadily increasing since 2009, and in 2013 reached its highest level since the inception of the survey." (Employee Benefit Research Institute [EBRI])  

Beyond the Basics of Exemptions and Special Enrollment Periods (PDF)
67 presentation slides. Excerpt: "Marketplaces will determine eligibility to enroll in a [qualified health plan (QHP)], assess (or determine) eligibility for Medicaid and CHIP, and determine eligibility for premium tax credits and cost-sharing reductions all year. But a person can only enroll in a QHP during open enrollment or during a special enrollment period.... Everyone is required to have minimum essential coverage (MEC) in 2014. Those without MEC will pay a shared responsibility payment, unless exempt[.]" (Center on Budget and Policy Priorities)  

How Much Financial Assistance Are People Receiving Under the Affordable Care Act?
"[The authors] estimate that about 21% of those eligible for premium subsidies have applied for assistance, with significant variation across states. Using the age and tax credit eligibility of enrollees reported by the federal government, along with the marketplace premiums within each state, [they] estimate that 3.5 million people have qualified for a total of about $10.0 billion in annual premium subsidies, or an average of about $2,890 per person." (Kaiser Family Foundation)  

Merck, Glaxo Delay Helping ACA Enrollees with Co-Pays
"Merck has decided against allowing patients enrolled in plans through the exchanges to redeem the coupons the company furnishes to subsidize copay costs, a spokeswoman said Wednesday. The spokeswoman attributed the move to "uncertainty surrounding the roll out" of the health-care overhaul, citing the statements made by HHS." (MarketWatch)  

Taking Stock of SHOP Marketplaces
"So far only Vermont, Massachusetts, and Washington, D.C., have tried to merge the individual and small-business markets, combining their risk pools. The concern here is that such mergers could raise premiums for small businesses, since the risk pool in the individual market will be somewhat unpredictable for the next few years. However, merging the two markets entirely once the individual market has stabilized could have the advantage of broadening the risk pool for both individuals and small business and lowering premiums, particularly in smaller states." (The Commonwealth Fund)  

How a New Alzheimer's Test Could Kill Long-Term Care Insurance
"If it makes early intervention possible, this test could dramatically reduce long-term care costs. But it also has a powerful unintended consequence: It could destroy private long-term care insurance or even any future voluntary government insurance program. A widely available test to predict Alzheimer's would make any form of voluntary long-term care insurance impossible." (Forbes)  

[Opinion]

How Obamacare Blocks Innovation in Insurance Plan Design
"The problem with value-based design ... is that we know neither value nor costs.... [W]ithout real prices generated by functional health care markets, neither the academics writing the articles, the policy wonks coming up with the appropriateness methodology handbooks, or the bureaucrats running ObamaCare have the information necessary to make good decisions about value and cost.... [P]atients are passive actors. They get to wait for the most powerful stakeholder in the multi-stakeholder group to define the harms, the benefits, decide on the weights that will be attached to them and then hold a vote." (John Goodman's Health Policy Blog)  

Benefits in General; Executive Compensation

ERISA Advisory Council to Look at Outsourcing and Shift to a 'Non-ERISA' World in 2014
"[The] Department of Labor ERISA Advisory Council voted Wednesday to spend 2014 investigating outsourcing best practices for plan sponsors and the shift from retirement plans covered by [ERISA] to what council members called a 'non-ERISA world.' ... [T]he 15-member council ... will also look at pharmacy plan fee disclosure." (Pensions & Investments)  

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