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Employee Benefits Management News
- Health care provider allowed to sue ERISA plans for payment of benefits
- President’s ‘unilateral actions’ draw strong reaction: GOP sues Obama
- IRS releases guidance on hardship exemptions from ACA individual shared responsibility payment and minimum essential coverage
- HHS proposes standards for insurance issuers and Marketplaces in 2016
Pension Plan Guide News
- PBGC deficit widens due to deterioration in multiemployer program
- IRS releases 1st quarter update to Priority Guidance Plan
- EBSA seeks comments on revisions to Form 5500 to reflect reporting changes for multiple-employer
Health care provider allowed to sue ERISA plans for payment of benefits
A health care provider had standing, as assignee of plan beneficiaries, to bring claims for payment of benefits against several ERISA-governed health plans and their claims administrator, the U.S. Court of Appeals for the Ninth Circuit ruled. For details, see ¶2082E.
President’s ‘unilateral actions’ draw strong reaction: GOP sues Obama
House Republicans filed suit against the Obama Administration over what it refers to as its ‘unilateral actions’ on the Patient Protection and Affordable Health Care Act (ACA) that the GOP claims abuses the power of the president’s executive authority. For more information, see ¶2082H.
IRS releases guidance on hardship exemptions from ACA individual shared responsibility payment and minimum essential coverage
The IRS has released final regulations relating to the requirement to maintain minimum essential coverage enacted by the Patient Protection and Affordable Care Act (ACA). Notice 2014-76, released concurrently with the regulations, provides a comprehensive list of all hardship exemptions that may be claimed on a federal income tax return without obtaining a hardship exemption certification. For more information, see ¶2082I.
HHS proposes standards for insurance issuers and Marketplaces in 2016
The Department of Health and Human Services (HHS) has issued a proposed rule establishing standards for insurance issuers and Marketplaces for 2016. The proposed rule sets forth payment parameters and information related to the risk adjustment, reinsurance, and risk corridors programs; the cost sharing parameters and cost sharing reductions; as well as user fees for the Federally-facilitated Exchange (FFE). For more information, see ¶2082J.
PBGC deficit widens due to deterioration in multiemployer
The PBGC has released its annual report showing that the PBGCs deficit increased to about $62 billion in FY 2014 largely due to the declining condition of certain multiemployer plans. For more information, see ¶131U.
IRS releases 1st quarter update to Priority Guidance Plan
The IRS and Treasury Departments have released the first quarter update to the 2014-2015 Priority Guidance Plan. For more information, see ¶131P.
EBSA seeks comments on revisions to Form 5500 to reflect reporting changes for multiple-employer
EBSA has requested comments on the revision of the Form 5500 information collection to implement annual reporting changes for multiple-employer plans. For more information, see ¶131R.
For more information, visit http://www.wolterskluwerlb.com/rbcs.