Report on Exchange Premiums

HHS releases a report on premiums in the health Exchanges. Document Excerpt This report summarizes the health plan choices and premiums that will be available in the Health Insurance Marketplace. It contains new information, current as of September 18, 2013, on qualified health plans in the 36 states in which the Department of Health and […]

DOL Guidance On Same-Sex Marriages

As was the case with the IRS before it, the DOL has now issued guidance on the recognition of same-sex marriages for Federal purposes. Document Excerpt In general, where the Secretary of Labor has authority to issue regulations, rulings, opinions, and exemptions in title I of ERISA and the Internal Revenue Code, as well as […]

October Interest Rates

The PBGC announces the interest rates for valuing October lump sums. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of October 2013 is 1.75%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for September 2013 was 1.50% for lump […]

Application of Market Reforms to HRAs, FSAs, and Certain Other Arrangements

The IRS, as well as the DOL and HHS, have issued guidance on the application of certain market reforms to HRAs, Health FSAs and other employer healthcare arrangements. Document Excerpt The market reforms specifically addressed in this notice are:to the extent that such limits are otherwise permitted under applicable law (the annual dollar limit prohibition); […]

Application of Certain Market Reforms to HRAs, HSAs, FSAs and Certain Other Plans

Technical Release 2013-03 addresses the application of certain provisions of the Affordable Care Act to HRAs, HSAs, FSAs and similar arrangements. Document Excerpts The market reforms specifically addressed in this Technical Release are:(4) (a) PHS Act § 2711 which provides that a group health plan (or a health insurance issuer offering group health insurance coverage) […]

Impact of Issuance of Summary Prospectus on PTE Satisfaction

In Advisory Opinion 2013-04A, the DOL addresses the impact of the issuance of a Summary Prospectus on certain disclosure requirements under PTE 77-4. Document Excerpt This letter responds to your request for an advisory opinion concerning section II(d) of Prohibited Transaction Exemption (PTE) 77-4.(1) This class exemption provides relief from the restrictions of section 406 […]

Corporate Bond Weighted Average Interest Rates

Notice 2013-58 provides guidance as to the corporate bond weighted average interest rate and the permissible range for funding purposes. Document Excerpt  This notice provides guidance on the corporate bond monthly yield curve (and the corresponding spot segment rates), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, […]

FAQ on Notice of Coverage Options

DOL issues on Frequently Asked Question addressing the Notice of Coverage Option. Document Excerpt A: No. If your company is covered by the Fair Labor Standards Act, it should provide a written notice to its employees about the Health Insurance Marketplace by October 1, 2013, but there is no fine or penalty under the law […]

Guidance on Preventive Care and HSAs

Notice 2013-57 clarifies that preventive care required to be provided pursuant to Section 2713 of the Public Health Service Act, as enacted by the Affordable Care Act, qualifies as preentive care that may be provided without application of the minimum deductible of a high deductible health plan required to contribute to a Health Savings Account. […]

Proposed Rule on Information Reporting of Minimum Essential Coverage

The IRS has issued proposed guidance for those insurers and self-insured plans providing minimum essential coverage. Document Excerpt This document contains proposed regulations providing guidance to providers of minimum essential health coverage that are subject to the information reporting requirements of section 6055 of the Internal Revenue Code (Code), enacted by the Affordable Care Act. […]

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