Additional FAQs on ACA Implementation and Mental Health Parity

The various Departments jointly release additional FAQs regarding the implementation of the market reform provisions of the Affordable Care Act as well as the implementation of the Mental Health Parity Act. Document Excerpt Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of the market reform provisions of the Affordable Care Act, as […]

Updated User Fee Schedule

The IRS releases its updated User Fee Schedule for determination letter applications and other requests. Document Excerpt This revenue procedure provides guidance for complying with the user fee program of the Internal Revenue Service as it pertains to requests for letter rulings, determination letters, etc., on matters under the jurisdiction of the Commissioner, Tax Exempt […]

Updated Procedures for applying for a Determination Letter

As is its custom, the IRS issued its updated procedures in the -6 revenue procedure for the year, i.e., in Revenue Procedure 2014-6. Document Excerpt This revenue procedure sets forth the procedures of the Internal Revenue Service for issuing determination letters on the qualified status of pension, profit-sharing, stock bonus, annuity, and employee stock ownership […]

Actuarial Standards Board Standard of Practice 4

The Actuarial Standards Board releases Standard of Practice 4 governing measuring of pension obligations and determining pension plan cost. Document ExcerptDisclosure of Rationale for Changes in Cost or Contribution Allocation Procedure Section 4.1(t) contains new disclosure requirements for a change in the cost or contribution allocation procedure. Assessment of Contribution Allocation Procedure or Funding Policy […]

Actuarial Standards Board Standard Of Practice 27

The Actuarial Standards Board releases Standards of Practice 27 regarding the selection of economic assumptions. Document Excerpt This version clarifies that economic assumptions can be based either on the actuary’s estimate of future experience or on the actuary’s observations of the estimates inherent in market data, depending upon the purpose of the measurement.  Link http://www.actuarialstandardsboard.org/pdf/asops/asop027_172.pdf

Final Regulations on MLR for the Blues and Others

The IRS releases its final regulations on the computation of and rules relating to the Affordable Care Act’s Medical Loss Ratio for Blue Cross & Blue Shield and similar organizations. Document Excerpt This document contains final regulations that provide guidance to Blue Cross and Blue Shield organizations, and certain other qualifying health care organizations, on […]

Final Regulations on Payment of Premiums

PBGC releases final regulations on the payment of premiums. Document Excerpt Thus, large calendar-year plans’ 2014 flat-rate premiums will be due October 15, 2014. This action implements part of a PBGC project to make its premium rules more effective and less burdensome by simplifying due dates, coordinating the due date for terminating plans with the […]

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