Final Wellness Rules

The agencies have released final rules on the provision of nondiscriminatory Wellness plans. Document Excerpt This document contains final regulations, consistent with the Affordable Care Act, regarding nondiscriminatory wellness programs in group health coverage. Specifically, these final regulations increase the maximum permissible reward under a health-contingent wellness program offered in connection with a group health […]

Proposed Amendment to PTE 80-26

The DOL releases a proposed amendment to Prohibited Transaction Class Exemption 80-26 allowing certain interest free loans to employee benefit plans designed to fix the problem created by the language in certain client service agreements with brokerages. Document Excerpt The proposed amendment, if adopted, would give retroactive and temporary exemptive relief for certain guarantees of […]

403(b) Correction Issues

The IRS releases its slide presentation for its phone forum on 403(b) correction issues. Document Excerpt Link http://www.irs.gov/pub/irs-tege/403b_correction_issues_phoneforum_presentation.pdf

CMS FAQs on Health Insurance Markeplace

The CMS has released its Frequently Asked Questions on the health insurance marketplace under the Affordable Care Act. Document Excerpt  Q1: What oversight activities does the Centers for Medicare & Medicaid Services (CMS) intend to propose with respect to the state-operated risk adjustment and reinsurance programs, cost-sharing reductions, and advance payments of the premium tax […]

June Lump Sum Rates

The PBGC releases the interest rates for lump sum payments in June. Document Excerpt This final rule amends the Pension Benefit Guaranty Corporation’s regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in June 2013. The interest assumptions are used for paying benefits under terminating single-employer […]

CMS FAQs on Essential Community Providers

The CMS provides guidance in the form of questions and answers to essential community providers. Document Excerpt  Q1. What should providers that serve predominantly low-income, medically underserved individuals be aware of as issuers build their qualified health plan (QHP) networks? Link http://cciio.cms.gov/resources/files/ecp-faq-20130513.pdf

CMS FAQs on Small Business Health Options Program

CMS releases Frequently Asked Questions on the Affordable Care Act’s SHOP Marketplace. Document Excerpt  Subject:   Small Business Health Options Program (SHOP)-Only Marketplace FAQs   Link http://cciio.cms.gov/resources/regulations/Files/shop-marketplace-5-10-2013.pdf

Updated Model COBRA Notice

The DOL has released its updated Model COBRA election notice. Document Excerpt   Link                        modelelectionnotice

Model Notice for Employers Not Offering Health Coverage

The DOL releases a model notice available for employers that do not offer health coverage. Document Excerpt  When key parts of the health care law take effect in 2014, there will be a new way to buy health insurance: the Health Insurance Marketplace. To assist you as you evaluate options for you and your family, […]

New Model Notice for Employers that offer Health Coverage

In anticipation of 2014, the DOL has released a model notice for employers that offer a health plan for some or all employees that discusses impact of the exchanges. Document Excerpt  When key parts of the health care law take effect in 2014, there will be a new way to buy health insurance: the Health […]

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