Health Care Reform imposes $1/$2 fee on insurance companies and plan sponsors. The IRS recently issued proposed regulations covering how to calculate the fee and where to submit the payment.
Read our ErisaALERT to learn more.
Thursday, May 31, 2012
Friday, May 11, 2012
DOL requests stop loss information
In a recent ErisaALERT regarding increased DOL activity, we noted the DOL's interest in stop loss insurance even though the From 5500 filed in this particular situation did not indicate that the plan had stop loss insurance.
Earlier this month, the DOL issued a Request for Information Regarding Stop Loss Insurance. The DOL is primarily interested in stop loss coverage set at low "attachment points". The DOL is concerned that small employers with healthy workforces could choose to self-insure and potentially worsen the risk pool for the fully insured group market as well as the Small Business Options Program (SHOP) Exchanges that begin in 2014.
Comments must be submitted on or before July 2, 2012.
Earlier this month, the DOL issued a Request for Information Regarding Stop Loss Insurance. The DOL is primarily interested in stop loss coverage set at low "attachment points". The DOL is concerned that small employers with healthy workforces could choose to self-insure and potentially worsen the risk pool for the fully insured group market as well as the Small Business Options Program (SHOP) Exchanges that begin in 2014.
Comments must be submitted on or before July 2, 2012.
Monday, April 30, 2012
Judge awards $35 million for breach of fiduciary responsibilities
A recent court case has garnered a lot of attention. The judge awarded approximately $35 million to the plaintiffs finding that the plan fiduciaries breached their fiduciary duties. Whether or not the decision stands on appeal remains to be seen but there are lessons to be learned from the case.
Download our latest ErisaALERT to read more.
Download our latest ErisaALERT to read more.
Wednesday, April 18, 2012
DOL updates Health Benefits Advisor tool
The DOL announced that Health Benefits Advisor for Employers has been updated. This tool provides an overview of certain federal laws that can affect group health plans. It is worth checking out!
Tuesday, April 10, 2012
Two informative government publications
The DOL published Understanding Retirement Plan Fees and Expenses; a very useful tool as plan sponsors begin to receive their 408(b)(2) disclosures.
The IRS published (on their website) Audit Techniques and Tax Law to Examine COBRA cases.
Both are worth a read.
The IRS published (on their website) Audit Techniques and Tax Law to Examine COBRA cases.
Both are worth a read.
Wednesday, April 4, 2012
Wednesday, March 21, 2012
A flurry of governmental guidance
The government agencies have been full throttle when it comes to issuing guidance. We have just posted three ErisaALERTs to our website and still have a few in the works!
ErisaALERT 2012-04 discusses a package of guidance related to securing lifetime income.
ErisaALERT 2012-05 discusses the final Summary of Benefits and Coverage regulations.
ErisaALERT 2012-06 discusses the recently issued FAQs regarding the Summary of Benefits and Coverage requirements.
Stay tuned, there will be more!
ErisaALERT 2012-04 discusses a package of guidance related to securing lifetime income.
ErisaALERT 2012-05 discusses the final Summary of Benefits and Coverage regulations.
ErisaALERT 2012-06 discusses the recently issued FAQs regarding the Summary of Benefits and Coverage requirements.
Stay tuned, there will be more!
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