Access to Online SHOP Enrollment Delayed For a Year

HHS announces that enrollment in the online SHOP marketplace is delayed until November, 2014. HHS is instead providing for “direct enrollment” with carriers. Document Excerpt For small businesses in states with a SHOP Marketplace that’s run by the federal government, we are making changes to make sure that you can take advantage of SHOP coverage […]

FAQs on SHOP Enrollment at Federally Facilitated Marketplace

HHS issues Frequently Asked Questions on how small employers can enroll employees at SHOPs managed by the Federal government. Document Excerpt  Now there’s a quick and simple way to do this, that’s already familiar to many small employers: You can handle the whole process—applying, shopping and enrolling by—contacting an agent, broker, or an insurance company […]

PBGC Fall Regulatory Agenda

The PBGC releases its semi-annual Fall regulatory agenda. Document Excerpt Link

Amounts Paid for Fishing Rights Activity May be Compensation

Proposed regulations clarify that amounts paid to a member of an Indian tribe as remuneration for fishing-rights activity may be compensation for retirement plan purposes. Document Excerpt This document contains proposed regulations that would clarify that amounts paid to an Indian tribe member as remuneration for services performed in a fishing rights-related activity may be […]

Plans Must Notify IRS of Change in “Responsible Party”

Any entity with an EIN, including a retirement plan, must, starting January 1, 2014, use Form 8822 B to report a change in the identity of its responsible party. Document Excerpt  For retirement plans, “responsible party” is the person who has a level of control, directly or indirectly, over the funds or assets in the […]

December Lump Sum Interest Rates

The PBGC releases the interest rate for lump sums in December. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of December 2013 is 1.75% and the deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for November 2013 was 1.75% for […]

Final Regulations on Suspending Safe Harbor

The IRS has finalized regulations on suspending or reducing Section 401(k) safe harbor contributions. Document Excerpt This document contains amendments to regulations relating to certain cash or deferred arrangements under section 401(k) and matching contributions and employee contributions under section 401(m). These regulations provide guidance on permitted mid-year reductions or suspensions of safe harbor nonelective […]

White House Statement On Reinstating Cancelled Policies

The White House has announced an Administration fix to deal with the individuals and small businesses receiving cancellation notices of their health insurance policies that do not satisfy the requirements of the Affordable Care Act. Document Excerpt Allow insurers to renew their current policies for current enrollees without adopting the 2014 market rule changes.  This […]

FAQs Affordable Care Act Implementation Part XVII

The agencies release Frequently Asked Questions about the Affordable Care Act Implementation Part XVII addressing issues regarding the Mental Health Parity Act. Document Excerpt Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), as amended by […]

Final Regulations Under Mental Health Parity Act

The Departments of the Treasury, IRS, Labor and HHS have released final rules under the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008. Document Excerpt This document contains final rules implementing the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008, which requires parity […]

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