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Health & Welfare Plans Newsletter
November 10, 2021
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6 New Job Opportunities
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[Official Guidance]
Text of IRS Rev. Proc. 2021-45: Inflation-Adjusted Items for 2022 (PDF)
"For taxable years beginning in 2022, the dollar amount in effect under Section 45R(d)(3)(B) is $28,700. This amount is used under Section 45R(c) for limiting the small employer health
insurance credit and under Section 45R(d)(1)(B) for determining who is an eligible small employer for purposes of the credit.... "For taxable years beginning in 2022, the dollar limitation under
Section 125(i) on voluntary employee salary reductions for contributions to health flexible spending arrangements is $2,850. If the cafeteria plan permits the carryover of unused amounts, the maximum carryover amount is $570. "For taxable years beginning in 2022, the monthly limitation under Section 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $280. The monthly limitation under Section 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $280.... "For taxable years beginning in 2022, the term 'high deductible health plan' as defined in Section 220(c)(2)(A) means, for self-only coverage, a health plan that has an annual deductible that is not less than $2,450 and not more than $3,700, and under which the annual out-of-pocket expenses required to be paid (other than for premiums) for covered benefits do not exceed $4,950.... [and] for family coverage, a health plan that has an annual deductible that is not less than $4,950 and
not more than $7,400, and under which the annual out-of-pocket expenses required to be paid (other than for premiums) for covered benefits do not exceed $9,050." MORE >>
Internal Revenue Service [IRS]
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[Guidance Overview]
Health & Welfare Plan Update (PDF)
20 presentation slides. Topics: [1] Health Care Related Provisions in the Build Back Better Act; [2] Preparing for 2022: No Surprises Act; and [3] Additional Items to Note. MORE >>
Alston & Bird
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[Guidance Overview]
The San Francisco Health Care Security Ordinance (PDF)
41 presentation slides. "The SF HCSO requires covered employers to make a specified amount of health care expenditures for covered employees.... Aspects of the HCSO are not intuitive for employers ... This [presentation addresses] both the rules and the best practices for
taking advantages of exemptions where available to avoid City Option contributions." MORE >>
Newfront
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[Guidance Overview]
District of Columbia Adopts Paid Vaccine Leave Requirements
"The District of Columbia Council has passed legislation mandating that employers provide paid leave to employees for time spent obtaining and, if needed, recovering from side effects of a COVID-19 vaccine. Employees will also be provided with leave to accompany minor children to
a COVID-19 vaccine appointment and to care for the child following the vaccine if necessary." MORE >>
Littler
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[Guidance Overview]
Why Should a Connecticut Employer Offer Short Term Disability Coverage After State Paid Family and Medical Leave Goes Into Effect?
"[Connecticut] PFML alone [may] not match the current level of income replacement for an employee's medical disability.... [It] will offer income replacement for up to twelve [12] weeks while employer STD plans can offer income replacement for up to 26
weeks." MORE >>
OneDigital
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District Court Ruling in LTD Claim Holds ERISA Fiduciary Duty Lessons
"A recent federal court ruling ... admonished a disability insurer for accepting an employer's representations at face value rather than performing an independent investigation consistent with [ERISA's] fiduciary obligations.... The court's ruling went beyond the
facts of the case, though, and offered a number of important lessons about ERISA's fiduciary duties[.]" [Host v. First Unum Life Ins. Co., No. 18-11504 (D. Mass. Oct. 28, 2021)] MORE >>
DeBofsky Sherman Casciari Reynolds P.C.
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Private Health Insurers Pay Steep Markups for Hospital Drugs
"Depending on the drug, insurers are paying hospitals several times what Medicare pays, and that ultimately flows through to workers' insurance premiums.... The largest variation came from Remicade, an IV drug that treats a range of autoimmune conditions, according to the
study's sample of 20 major hospitals." MORE >>
Axios
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Key Questions on Telehealth and Substance Abuse Disorder: Lessons from the Pandemic
"In a recent webinar, the American Medical Association (AMA) and Manatt examined changes in telehealth policies, how those changes are impacting SUD treatment, and which new policies should be extended long term to maximize continued access to SUD services. The program also
analyzed key lessons providers learned during the pandemic about using telehealth to serve those with SUDs - -and how to carry those important learnings forward." MORE >>
Manatt, Phelps & Phillips, LLP
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[Opinion]
Rx for Disaster: Democrats' Bill Shows How Not to Get Affordable, Innovative Prescription Drugs
"[The Build Back Better Act (HR 5376) provides that] the government would set prices in Medicare
for a limited number of drugs that account for substantial spending in Medicare. Such policies ... undermine the ability of private plans to negotiate further price discounts for enrollees, and discourage future generic drugs -- which often cost less -- from coming to market." MORE >>
The Heritage Foundation
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Employee Benefits Jobs |
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Webcasts and Conferences (Health & Welfare Plans) |
Get Ready for 2022: Year End Checklist for Benefit Plans
November 18, 2021 WEBCAST
Boutwell Fay LLP
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Last Issue's Most Popular Items |
2021 End of Year Plan Sponsor 'To Do' List: Health & Welfare Plans
Snell & Wilmer
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Year-End Reminders for Health & Welfare Plans
Morgan Lewis
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Year-End Deadlines and Considerations for Employee Benefit Plans
Husch Blackwell
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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.
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