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Health & Welfare Plans Newsletter

November 17, 2021

10 New Job Opportunities 10 New Job Opportunities

 

[Guidance Overview]

IRS Increases 2022 Flexible Spending and Transportation Benefit Plan Limits

"Action items for employers: [1] Update any plan documents that identify the annual limitations. [2] Update participant communications as the limits may impact important benefit elections for 2022. [3] Update Human Resource Information Systems (HRIS) and/or payroll systems ... [4] Ensure all vendor data feeds are updated[.]"  MORE >>

DLA Piper

[Guidance Overview]

ACA Numbers and Limits 2015-2022 (PDF)

Chart includes detailed breakdown of applicable dollar limits for: [1] Applicable Large Employer (ALE) Shared Responsibility Penalty (IRC Section 4980H, Forms 1094-C and 1095-C); [2] Premium Tax Credits (IRC Section 36B, Form 8962); [3] Group Health Insurance Reforms (IRC Section 9815 & Section 4980D, Form 8928); [4] Qualified Small Employer Health Reimbursement Account (QSEHRA) Contribution Limits (IRC Section 9831(d)); [5] Health Savings Accounts (IRC Section 223, Form 8889).  MORE >>

Kaufman & Canoles, P.C.

[Guidance Overview]

2022 Premium Tax Credit Quick Reference Chart (Updated for ARPA) (PDF)

11 pages. "[1] Locate line where estimated 2022 household income & household size intersect. [2] First column shows household percentage of Federal Poverty Line. [3] Second column shows percent of household income required as contribution towards purchase of second lowest cost Silver coverage in Marketplace. [4] 'CSR AV' column shows resulting Actuarial Value after Cost Sharing Reductions applied. [5] 'Monthly contribution' = contribution percent x household income, divided by 12."  MORE >>

Kaufman & Canoles, P.C.

2022 Global Medical Trends Survey Report

"Over three-quarters of health insurers anticipate higher or significantly higher medical trend over the next three years ... Incidence of claims related to musculoskeletal disorders soar ... Insured coverages continue to see restrictions ... Telehealth emerges as a top cost management method ... Overuse of care continues to affect medical costs ... Volatility will continue in the short term."  MORE >>

Willis Towers Watson

Harnessing Growth and Seizing Opportunity: The Future of Workforce Benefits (PDF)

28 pages. "To meet rising workforce expectations and compete for scarce talent in the wake of the COVID-19 pandemic, employers have attached significantly more value to their nonmedical benefits programs and are looking to address emerging and unmet needs.... Many market segments remain underpenetrated, particularly small and midsize employers. Benefits participation among current workers can also be significantly improved. There is an additional opportunity associated with the massively underserved segment of nontraditional workers who want, but don't have access to, benefits. These promising growth opportunities will attract intense competition from both new and existing players."  MORE >>

LIMRA

Law to Stop Surprise Medical Bills Faces Pushback from Doctors

"The [Interim Final Regs], which would take effect in January 2022, effectively leaves patients out of the fight. Providers and insurers have to work it out among themselves, following the new policy ... [M]any doctors, their medical associations and members of Congress are crying foul, arguing the rule ... favors insurers and doesn't follow the spirit of the legislation.... The controversy pertains to a section of the [interim] final regulations focusing on arbitration."  MORE >>

National Public Radio [NPR]

As Big Pharma and Hospitals Battle Over Drug Discounts, Patients Miss Out on Millions in Benefits

"Companies that want their drugs covered by Medicaid or Medicare Part B are required to offer 340B discounts, typically 25% to 50% off ... Hospitals and clinics buy the drugs at the discount and then are reimbursed by an insurance company, Medicare or Medicaid at the higher negotiated rate. The difference is kept by the hospital or clinic ... The law does not require patients to benefit directly, a nuance that has fueled great conflict about how the program works and should be regulated."  MORE >>

Kaiser Health News

Fate of OSHA's COVID-19 Vaccine ETS in the Hands of Sixth Circuit Court of Appeals

"[T]he Sixth Circuit has not set a briefing schedule. However, given the number of parties, the complexity of the legal issues that are unlikely to be resolved within a few weeks, and the irreparable harm the petitioners would suffer if the ETS remained in effect, as outlined by the Fifth Circuit, there are strong arguments in favor of the Sixth Circuit maintaining the stay already in place."  MORE >>

Jackson Lewis P.C.

Employee Benefits Jobs

View job as Retirement Plan Consultant
for Multnomah Group, Inc. Retirement Plan Consultant

Multnomah Group, Inc.

CA

View job as Retirement Plan Consultant
for Multnomah Group, Inc.

View job as Non-Qualified Retirement Plan Administrator
for The Hebets Company, NFP Non-Qualified Retirement Plan Administrator

The Hebets Company, NFP

Remote / Phoenix AZ

View job as Non-Qualified Retirement Plan Administrator
for The Hebets Company, NFP

View job as Sr Recordkeeping Specialist
for BlueStar Retirement Services, Inc Sr Recordkeeping Specialist

BlueStar Retirement Services, Inc

Remote

View job as Sr Recordkeeping Specialist
for BlueStar Retirement Services, Inc

View job as Compliance Consultant
for Small National TPA Compliance Consultant

Small National TPA

Remote

View job as Plan Administration Manager, Client Services
for The Retirement Advantage, Inc. (TRA) Plan Administration Manager, Client Services

The Retirement Advantage, Inc. (TRA)

Remote

View job as Assistant Administrator
for Pollard & Associates, Inc. Assistant Administrator

Pollard & Associates, Inc.

Hunt Valley MD

View job as Human Resource Operations Analyst (Retirement & Benefits)
for Adventist Health Human Resource Operations Analyst (Retirement & Benefits)

Adventist Health

Roseville CA

View job as Insurance Carrier Analyst (Entry level)
for Newport Insurance Carrier Analyst (Entry level)

Newport

Greensboro NC

View job as ESOP Retirement Account Administrator, Senior
for Alerus ESOP Retirement Account Administrator, Senior

Alerus

Remote

View job as Retirement Account Administrator
for Alerus Retirement Account Administrator

Alerus

Remote

Selected New Discussions

Free Airline Tickets for Pilots Provided Under a Mass Transit Account?

"Has anyone ever heard of airline tickets provided for pilots qualifying as a benefit as a mass transit account?"

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Last Issue's Most Popular Items

Level-Funded Plans and ACA Annual Tax Filings

HUB International

Year-End Considerations for Employer-Sponsored Retirement and Health Plans

Troutman Pepper

Supreme Court to Consider Medicare Secondary Payer Rules for Dialysis Coverage Under Employer Group Health Plans

Graydon

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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