FAQ on Form 8955-SSA

The IRS has released FAQs on Form 8955-SSA. Document Excerpt These frequently asked questions and answers provide general information and should not be cited as legal authority. They provide the user with information responsive to general inquiries but the answers do not apply to every situation and yours may require additional research. Link http://www.irs.gov/retirement/article/0,,id=238940,00.html

Amendment to Allocation of Asset Regulations for Expected Retirement Ages

The PBGC amends its Allocation of Assets regulation by substituting a new table for determining expected retirement ages for plans undergoing a distress termination. Document Excerpt This rule amends Pension Benefit Guaranty Corporation’s regulation on Allocation of Assets in Single-Employer Plans by substituting a new table for determining expected retirement ages for participants in pension plans […]

Fact Sheet on MEWA Proposed Regulations

The DOL has issued a Fact Sheet on its proposed regulations governing MEWAs issued to reflect the Affordable Care Act. Document Excerpt Link http://www.dol.gov/ebsa/newsroom/fsproposedm1revisions.html

Notice of Proposed Revision to Form M-1

The DOL has issued a notice of proposed revision to the Form M-1 required to be filed by MEWAs. Document Excerpt This document announces proposed revisions to the Form M-1, Report for Multiple Employer Welfare Arrangements (MEWAs) and Certain Entities Claiming Exception (ECEs). The revisions can be viewed on the Employee Benefits Security Administration’s (EBSA) […]

Proposed Revision to 5500 for MEWAs

The DOL has issued a Notice of proposed revisions to the Form 5500 for MEWAs. Document Excerpt This document contains proposed revisions to the Form 5500 Annual Return/Report filed by administrators of employee benefit plans. The proposed revisions are intended to enhance the Department of Labor’s ability to enforce the reporting requirements for multiple employer […]

MEWA Reporting Requirements

The DOL has issued proposed rules governing reporting requirements by MEWAs. Document Excerpt This document contains a proposed rule under title I of the Employee Retirement Income Security Act (ERISA) that, upon adoption, would implement reporting requirements for multiple employer welfare arrangements (MEWAs) and certain other entities that offer or provide health benefits for employees […]

Proposed Rule on Cease and Desist Orders for Multiple Employer Welfare Arrangements

Pursuant to the authority provided in the Affordable Care Act, the DOL has issued proposed rules governing Ex Parte Cease and Desist and Summary Seizure Orders for multiple employer welfare arrangements the agency deems fraudulent or a danger. Document Excerpt This document contains two proposed rules under the Employee Retirement Income Security Act of 1974 […]

Medical Loss Ratio

HHS releases final rule on Medical Loss Ratio requirements for issuers. Document Excerpt This final rule with comment period revises the regulations implementing medical loss ratio (MLR) requirements for health insurance issuers under the Public Health Service Act in order to address the treatment of “mini-med” and expatriate policies under these regulations for years after […]

Technical Release on Handling Medical Loss Ratio Rebates

A Technical Release on fiduciary requirements for handling medical loss ratio rebates is now available at the DOL’s website. Document Excerpt Section 2718 of the Public Health Service Act (PHSA), 42 U.S.C. 300gg-18, as added by the Patient Protection and Affordable Care Act (Affordable Care Act) (Pub.L. 111-148, 124 Stat. 119), enacted on March 23, […]

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