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Health & Welfare Plans Newsletter

June 11, 2024

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[Official Guidance]

Draft of Instructions for 2024 IRS Form 8889: Health Savings Accounts (HSAs) (PDF)

"Use Form 8889 to: [1] Report health savings account (HSA) contributions (including those made on your behalf and employer contributions), [2] Figure your HSA deduction, [3] Report distributions from HSAs, and [4] Figure amounts you must include in income and additional tax you may owe if you fail to be an eligible individual." [Also see: 2024 IRS Form 8889, draft dated May 31, 2024]  MORE >>

Internal Revenue Service [IRS]


Register Now: ERISA at 50 -- Where Employee Benefits Law is Headed

Join WEB Network's webinar on June 20: panelists J. Mark Iwry, Israel Goldowitz, Carol Buckmann, and Jeff Mamorsky will discuss why and how ERISA was adopted, the growth of employee protections over the years, and how ERISA might be further expanded.

Sponsored by WEB Network

[Guidance Overview]

Reminder: PCORI Filing Is Due by July 31

"The PCORI filing and payment to the IRS is due by July 31, 2024, and is required for policy and plan years that ended during the 2023 calendar year. For plan years ending before Oct. 1, 2023, the fee is $3.00 per covered life. For plan years ending on or after Oct. 1, 2023, and before Oct. 1, 2024, the fee is $3.22 per covered life."  MORE >>


[Guidance Overview]

PCORI Filings and Fees, 2024 Edition

"[W]ith the filing of the Form 720, fees must also be paid for all participants. To complete the form for self-funded group health plans, that means counting 'belly buttons,' including all employees and covered dependents and others. Generally, health care Flexible Spending Accounts (FSAs) are not required to file a Form 720 unless the employer (and not just the employee) makes contributions to it that exceed the lesser of $500 annually or a dollar-for-dollar match of the employee's contribution."  MORE >>

Kushner & Company

[Guidance Overview]

HHS Final Regs Expand ACA Non-Discrimination Protections

"Health insurance issuers are brought back into coverage under Section 1557.... Covered entities must inform individuals that language assistance and services are available.... Covered entities must take steps to identify and mitigate discrimination when using patient care decision support tools.... Covered entities must implement Section 1557 policies and staff training.... Nondiscrimination requirements apply to telehealth programs and activities.... Federal guarantees regarding religious freedom and conscience are to be respected.... Medicare Part B payments constitute FFA."  MORE >>

Willis Towers Watson

[Guidance Overview]

Chicago Issues Final Rules on Its New Paid Leave and Paid Sick and Safe Leave Ordinance

"[T]he Final Rules further clarify employer's obligations under this new Ordinance, with many of the changes in the Final Rules favoring employees.... [1] Remote workers and telecommuters receive benefits.... [2] Carryover of paid sick leave despite frontloading.... [3] Eligibility to use paid leave earlier under combined policies.... [4] Written denial of requests for paid leave.... [5] Use restricted to employee's regular work week."  MORE >>

Michael Best

Using a Spousal Incentive HRA to Control Employer Health Plan Costs

"Since spouses and dependents can add up to 60% of a health plan's expense, the SIHRA seeks to shift the risk by coupling a Health Reimbursement Arrangement (HRA) with a spousal incentive.... The incentive motivates employees with working spouses to have those working spouses elect coverage under their employer's plan rather than participating in the employee's plan. The incentive can be up to 100% of the spouses' and dependents' in-network, out-of-pocket costs"  MORE >>


Health and Employer Groups Push for Improved Health Pricing Transparency

"Two pending bills would require greater disclosures to health payers.... The Lower Costs, More Transparency Act [HR 5378] ... aims to improve hospital pricing information.... The Pharmacy Benefit Manager Reform Act [S 1339] ... would require pharmacy benefit managers to report to health plans a variety of pricing information."  MORE >>

PLANSPONSOR; free registration may be required

MultiPlan Faces Barrage of Price-Fixing Suits in New York

"A law firm has filed a dozen suits by substance use disorder treatment providers against MultiPlan in the U.S. District Court for the Southern District of New York. The providers cite allegations in a New York Times article that ran in April about the strategy MuliPlan's Data iSight program uses to hold down the suggested prices for out-of-network procedures. The program 'is manipulated to generate artificially low payment rates,' according to the version of the complaint[.]"  MORE >>

BenefitsPro; free registration required

Employee Benefits Jobs

View job as Internal Sales Consultant for The Finway Group, LLC

Internal Sales Consultant

The Finway Group, LLC

Remote / West Des Moines IA

View job as Internal Sales Consultant for The Finway Group, LLC

Press Releases

Cetera Appoints Jerry Patterson Head of Advanced Wealth Solutions


Secrets For Wealth Introduces the Role of Certified Retirement Planners in Securing Financial Futures

Secrets for Wealth

Littler Continues Toronto Growth with the Addition of Shana French as Partner


Cooley Expands Compensation and Benefits Practice With Key Additions in DC and San Diego

Cooley LLP

Webcasts and Conferences
(Health & Welfare Plans)

The Health Wonk Shop: What’s Behind the Buzz about Site-Neutral Payments?

June 17, 2024 WEBINAR

Kaiser Family Foundation

Not One and Done: Understanding ERISA Liability in the Context of Pharmacy Benefits

June 18, 2024 WEBINAR

International Foundation of Employee Benefit Plans [IFEBP]

AI and the Actuarial Profession

July 10, 2024 WEBINAR

Conference of Consulting Actuaries

Last Issue's Most Popular Items

Lewandowski Complaint Highlights Fiduciary Considerations for Selection and Monitoring of PBMs

Snell & Wilmer

Ninth Circuit Court of Appeals Restricts Out-of-Network Providers' Ability to Avoid ERISA Preemption of State Law Claims

Troutman Pepper

Chicago Agency Posts Updated Guidance and Notices for the City’s Paid Leave


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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.

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