Pension & Benefits NetNews – June 3, 2014

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Featured This Week

Employee Benefits Management News

  • CMS provides information on process for paying ACA’s reinsurance fee
  • Huge opportunities for health savings accounts in coming era of private exchanges, report finds
  • EBRI report shows minimal impact of ACA so far on trend toward part-time workers
  • Wake Forest law professor delivers positive review of ACA’s MLR provision to U.S. Senate committee

Pension Plan Guide News

  • PBGC issues final regs on streamlining valuation and notice requirements for multiemployer plans
  • IRS penalty relief pilot program begins in June
  • PBGC responds to study on PBGC premium increases

Employee Benefits Management News

CMS provides information on process for paying ACA’s reinsurance fee

The Department of Health and Human Services (HHS) via the Centers for Medicare & Medicaid Services (CMS) has announced that it will implement a streamlined process for the collection of reinsurance contributions. For details, see ¶2077K

(Read Intelliconnect) »

Huge opportunities for health savings accounts in coming era of private exchanges, report finds

Driven by the emerging private health exchange sector, health savings accounts may be poised to quadruple their growth over the next six years, according to a new report published by Consumerdriven, LLC and HSA Consulting Services, LLC. For details, see ¶2077L.

(Read Intelliconnect) »

EBRI report shows minimal impact of ACA so far on trend toward part-time workers

A new report by the nonpartisan Employee Benefit Research Institute (EBRI) finds there is no definitive answer yet to the question regarding whether or not the Patient Protection and Affordable Care Act (ACA) is causing more employers to shift to part-time workers. For more information, see ¶2077M.

(Read Intelliconnect) »

Wake Forest law professor delivers positive review of ACA’s MLR provision to U.S. Senate committee

Health insurance rebates and increased value to consumers are just two of the benefits that so far have resulted from the institution of the medical loss ratio (MLR), which requires insurers to spend a specified percentage of the premium dollars that they receive on medical claims and quality improvement expenses, according to Wake Forest law professor Mark Hall, who testified May 21, 2014 before the U.S. Senate Committee on Commerce, Science & Transportation. For more information, see ¶2077N.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC issues final regs on streamlining valuation and notice requirements for multiemployer plans

The PBGC has issued final regulations that make the provision of information concerning multiemployer plans to the PBGC and plan participants more efficient and effective and reduce plan sponsors administrative burden. For more information, see ¶128H.

(Read Intelliconnect) »

IRS penalty relief pilot program begins in June

The IRS one-year pilot program to provide relief to plan administrators who fail to timely file Form 5500-EZ will begin in June. For more information, see ¶128G.

(Read Intelliconnect) »

PBGC responds to study on PBGC premium increases

The PBGC has responded to the findings in a study released by the Pension Coalition that PBGC premium increases would lead to an adverse economic impact. For more information, see ¶128D.

(Read Intelliconnect) »