BenefitsLink.com logo
EmployeeBenefitsJobs.com logo

Health & Welfare Plans Newsletter

March 29, 2022

3 New Job Opportunities 3 New Job Opportunities

 

[Guidance Overview]

Maintaining ACA Compliance When Hiring a Former Employee

"There are many advantages to bringing back former employees, but applicable large employers need to follow the [ACA] rules when determining when to offer benefits. The key to this is determining whether the employee should be treated as a 'new hire' or a 'continuing employee.' This determination will tell the employer whether to offer benefits right away or if the designated waiting period applies."  MORE >>

Ascensus

Reasonable Cause vs. Good Faith: Handling Late ACA Filings

"Beginning with the 2021 tax year ... 'good faith' relief is no longer available.... The IRS does however allow for penalty waivers for 'Reasonable cause,' but not for intentional disregard. This criteria for determining 'Reasonable Cause' is confined to three methods ... [1] Circumstances beyond filer's control ... [2] Substantial mitigating factors ... [3] Due diligence safe harbor."  MORE >>

Tango Health

CMS Office of the Actuary Releases 2021-2030 Projections of National Health Expenditures

"[D]espite the increased demand for patient care in 2021, the growth in national health spending is estimated to have slowed to 4.2%, from 9.7% in 2020 ... For 2021-2030, private health insurance spending growth is projected to average 5.7%. A rebound in utilization is expected to primarily influence private health insurance spending growth over 2021 (6.3%) and 2022 (8.3%), and then normalize through 2024.... Hospital spending growth is projected to average 5.7% for 2021-2030.... Spending growth for retail prescription drugs is projected to increase over 2021-2030 at an average rate of 5%." [The full report from the Office of the Actuary is available online.]  MORE >>

Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]

National Health Expenditures Post COVID: Hints of a New Normal?

"As pandemic disruptions fade, by 2024, health spending is expected to return to the previously projected level; however, by 2030, total spending will be $157 billion lower than in the pre-pandemic projection due to slower growth in the second half of the decade. Much of the slower projected growth from 2025-2030 is due to less use of hospital and nursing home care, suggesting the pandemic may have accelerated shifts away from institutional settings."  MORE >>

Health Affairs

Reimbursement Fund for Uninsured COVID Patients Stops Taking Claims

"Some U.S. health care providers are informing uninsured people they can no longer be tested for the virus free of charge and will have to pay for the service."  MORE >>

The New York Times; subscription may be required

Using an HSA for Retirement

"[1] Many employees don't understand why they should open an HSA.... [2] When it comes to HSAs, employees only focus on the cash.... [3] Employees aren't aware of HSA investment opportunities.... [4] Employees think like consumers about their HSAs.'

   MORE >>

Tango Health

[Opinion]

National Health Expenditure Projections and a Few Ways We Might Avoid Our Fate

"Actual spending growth is something we can influence through a range of policy actions as we balance our desire to promote access to high-value care for all Americans with the fiscal sustainability of the health care system."  MORE >>

Health Affairs

Benefits in General

[Official Guidance]

IRS Suspends Issuance of Certain Delinquent Return Notices for Tax-Exempt or Governmental Entities (PDF)

"The IRS is suspending the issuance of several notices generally mailed to tax-exempt or governmental entities in case of a delinquent return. Due to the historic pandemic, the IRS hasn't yet processed several million returns filed by individuals and entities. The suspension of the notices will help avoid confusion when a filing is still in process.... The suspended notices [include]: ... CP214, Reminder Notice About Your Form 5500-EZ or 5500-SF Filing Requirement ... CP259A, First Taxpayer Delinquency Investigation Notice -- Form 990/990EZ/990N ... CP259H. First Taxpayer Delinquency Investigation Notice -- Form 990/990EZ ... CP403, First Delinquency Notice -- Form 5500 or 5500-SF; CP406, Second Delinquency Notice -- Form 5500."  MORE >>

Internal Revenue Service [IRS]

How Employee Benefits Help Growing Businesses

"[E]mployee turnover has hit record levels, with more than one-fourth of businesses reporting increased turnover -- up from 20% in 2021 or as little as 11% in 2015. As a solution, more than 70% of owners now see employee benefits as critical to help improve retention. This research also helps pinpoint business planning opportunities, especially the gaps between owners' priorities and their plans."  MORE >>

Principal Financial Group

Employee Benefits Jobs

View job as Actuary
          for Pension Benefit Guaranty Corporation [PBGC] Actuary

Pension Benefit Guaranty Corporation [PBGC]

Remote / Washington DC

View job as Actuary
          for Pension Benefit Guaranty Corporation [PBGC]

View job as Retirement Plan Consultant
          for Uniglobal Pension Planning Retirement Plan Consultant

Uniglobal Pension Planning

Remote

View job as Retirement Plan Consultant
          for Uniglobal Pension Planning

View job as Plan Termination Specialist
          for Economic Group Pension Services (EGPS) Plan Termination Specialist

Economic Group Pension Services (EGPS)

Remote

View job as Plan Termination Specialist
          for Economic Group Pension Services (EGPS)

Press Releases

AIG Announces Plan to Rebrand its Life & Retirement Business as Corebridge Financial

AIG Retirement Services

Marc Backon Joins Centivo as Chief Operating Officer

Centivo

OneAmerica® Promotes Sales, Business Veteran to Key Regional Leadership Spot

OneAmerica

Fulcrum Health Welcomes New Board Members

Fulcrum Health

Goldman Sachs to Acquire NextCapital Group

Goldman Sachs Asset Management

Webcasts and Conferences
(Health & Welfare Plans)

2022 Group and Worksite Benefits Conference: The Future of Work

May 3, 2022 in MA

LIMRA

Last Issue's Most Popular Items

HHS Adjusts 2022 HIPAA, Certain ACA and MSP Monetary Penalties

Mercer

Employers and Providers Fight Over COVID-19 Testing Costs

Dorsey ERISA

Wit Is Flipped: The Ninth Circuit Reverses Decision on Standards for Coverage of Behavioral and Mental Health Treatment

Dorsey ERISA

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

Copyright 2021 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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

Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers. We are not involved in their production and are not responsible for their content.