IRS releases proposed regs on Health Insurance Provider Fee and risk adjustments

The IRS has issued proposed regulations regarding the Health Insurance Provider Fee under Section 9010 of the Patient Protection and Affordable Care Act (P.L. 111-148). One set would require electronic filing of Form 8963, Report of Health Insurance Provider Information. These amendments are proposed to apply to any covered entity reporting more than $25 million […]

Limits being set for specialty and biotech drugs

While health care costs have generally slowed for employer-sponsored health plans, prescription drug prices have not. Drug prices spiked in 2014 and this trend is continuing, according to recent research from the International Foundation of Employee Benefit Plans (IFEBP). The Employee Benefits Survey 2016 found that 18 percent of organizations are setting limits for specialty […]

Spencer’s Benefits Reports NetNews – February 19, 2016

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Regardless of gender, work-life benefits are important part of overall job fit

Contrary to popular belief, work-life balance and work flexibility issues are not primarily women’s issues. In fact, in some cases it is men who use work-life benefits more frequently and are more likely to say that their work is interrupted for personal or family reasons, according to survey results from the American Psychological Association’s Center […]

Cadillac tax threatens employer HSA contributions

Even though many health savings account (HSA)-qualified high deductible health plans will likely avoid Cadillac tax liability for several years, the regulatory uncertainty surrounding the implementation of the excise tax on high cost health plans could cause employers to eliminate payroll contributions to HSA accounts in order to avoid paying the tax, according to a […]

Survey Shows Employers Offering More Tools And Resources To Improve Financial Outcomes for Workers

As employers expand their focus on the overall financial well-being of their workers, a new survey from Aon Hewitt reveals that an increasing number of companies are broadening the types of financial and retirement planning tools and resources they provide to workers. Employers are also taking advantage of the size and purchasing power of their […]

Spencer’s Benefits Reports NetNews – March 7, 2014

  About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store […]

Insider information could not be used to rebut presumption of prudence

Plan fiduciaries were not required to use material, nonpublic information regarding a company’s financial situation in determining whether to continue an investment in company stock, according to the U.S. Court of Appeals in New York City (CA-2). The public information available to the fiduciaries, the court further ruled, was insufficient to rebut the applicable presumption […]