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Featured This Week
Employee Benefits Management News
- ACA’s impact on hiring, benefits affects ability to compete
- New York anti-subrogation law saved from ERISA preemption
- Illinois takes steps to bar discrimination in health care against transgender individuals
- Brokers’ private exchange sales remain low while voluntary benefit sales rise
Pension Plan Guide News
- Highway bill with pension provisions cleared for President, HR. 5021
- PBGC introduces new navigation features on its website
- DOL seeks comments on EBSA-sponsored information collection request concerning DFVC Program
Employee Benefits Management News
ACA’s impact on hiring, benefits affects ability to compete
Twenty-five percent of employers are hiring more part-time workers with another 14.5 percent considering similar action due to the impact of the Patient Protection and Affordable Care Act (ACA), according to the 2014 Affordable Care Act Impact Survey. For details, see ¶2079G.
New York anti-subrogation law saved from ERISA preemption
An ERISA plan participant was entitled to challenge an insurer’s practice of subrogating or seeking reimbursement from participants’ personal injury awards or settlements under a New York law that prohibited such actions because that state law regulated insurance and was therefore saved from preemption, the Second Circuit ruled. For more information, see ¶2079H.
Illinois takes steps to bar discrimination in health care against transgender individuals
The Illinois Department of Insurance (DOI) has issued guidance clarifying that under the Patient Protection and Affordable Care Act (P.L. 111-148; ACA) and Illinois state law, health insurers may not discriminate based on gender identity and related medical conditions. For more information, see ¶2079I.
Brokers’ private exchange sales remain low while voluntary benefit sales rise
Sixty percent of brokers (including employee benefit brokers, traditional voluntary brokers, and enrollment companies) who took part in a recent survey are selling more voluntary benefits today, up from 53% last year, and they attribute much of that to the Patient Protection and Affordable Care Act (ACA), according to data released by Eastbridge Consulting Group, Inc. For more information, see ¶2079K.
Pension Plan Guide News
Highway bill with pension provisions cleared for President, HR. 5021
The Highway and Transportation Funding Act (H.R. 5021), which contains pension smoothing provisions, was passed by the Senate on July 31, 2014, and was sent to the President. For more information, see ¶29,172.
PBGC introduces new navigation features on its website
The PBGC has announced several new navigation features on its website. For more information, see ¶129V.
DOL seeks comments on EBSA-sponsored information collection request concerning DFVC Program
The DOL is seeking comments on the extension of a currently approved EBSA-sponsored collection of information concerning the Delinquent Filer Voluntary Compliance (DFVC) Program. For more information, see ¶129U.