Pension and Benefits NetNews – December 10, 2013

 

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Featured This Week

Employee Benefits Management News

  • Supreme Court to hear controversial contraception cases
  • IRS issues guidance on ACA’s health insurance provider fee
  • Online enrollment for FF-SHOP unavailable for 2014 plan year
  • U.S. Supreme Court will not hear Liberty University challenge to ACA

Pension Plan Guide News

  • PBGC amends regulation on allocation of assets in single-employer plans for 2014
  • IRS releases 1st quarter update to Priority Guidance Plan
  • Portman, Cardin urge Treasury action on nondiscrimination regs for DB plans

Employee Benefits Management News

Supreme Court to hear controversial contraception cases

The Supreme Court of the United States (SCOTUS) has announced that it will hear two major cases involving dispute over insurance coverage for contraceptives mandated by the Patient Protection and Affordable Care Act (ACA). For details, see ¶2072S.

(Read Intelliconnect) »

IRS issues guidance on ACA’s health insurance provider fee

The IRS has released guidance relating to the health insurance provider fee imposed by section 9010 of the Patient Protection and Affordable Care Act (ACA). The guidance, issued in the form of a revenue ruling, a notice and final regulations, addresses tax and reporting issues for covered entities subject to the fee. For details, see ¶2072T.

(Read Intelliconnect) »

Online enrollment for FF-SHOP unavailable for 2014 plan year

Small businesses in states with a federally-facilitated Small Business Health Options Program (FF-SHOP) will only be able to enroll in coverage through an agent, broker, or insurer that offers a certified SHOP plan, according to recently released frequently-asked-questions from the Centers for Medicare & Medicaid Services (CMS).For more information, see ¶2072U.

(Read Intelliconnect) »

U.S. Supreme Court will not hear Liberty University challenge to ACA

The United States Supreme Court denied the request of Liberty University to consider its challenges to the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148). For more information, see ¶2072W.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC amends regulation on allocation of assets in single-employer plans for 2014

The PBGC regulation that governs the allocation of assets in single-employer plans and sets forth the methods for valuing benefits of terminating single-employer plans covered by ERISA has been amended by adding Table I-14. For more information, see ¶124X.

(Read Intelliconnect) »

IRS releases 1st quarter update to Priority Guidance Plan

The IRS and Treasury Department have released the first quarter update to the 2013-2014 Priority Guidance Plan. For more information, see ¶124U.

(Read Intelliconnect) »

Portman, Cardin urge Treasury action on nondiscrimination regs for DB plans

Senators Rob Portman (R-Ohio) and Ben Cardin (D-MD) have sent a letter to U.S. Secretary of the Treasury Jacob Lew expressing concern with nondiscrimination testing rules that they contend could unintentionally weaken the retirement security of many American workers. For more information, see ¶124W.

(Read Intelliconnect) »