Pension & Benefits NetNews – March 12, 2013

 

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Featured This Week

Employee Benefits Management News

  • HHS finalizes rules on premium stabilization programs, exchange user fees, SHOP program, and MLR under health reform
  • HHS amends SHOP standards in proposed rule
  • EBSA issues self-compliance checklists for ACA, HIPAA
  • IRS issues proposed regs for annual fee on health insurance providers

Pension Plan Guide News

  • PBGC to post information collection requests under OMB review
  • Labor Department reaches settlement to compensate plans for losses incurred through investments in Madoff funds
  • IRS quarterly rates stay the same for 1st quarter of 2013

Employee Benefits Management News

HHS finalizes rules on premium stabilization programs, exchange user fees, SHOP program, and MLR under health reform

The Department of Health and Human Services (HHS) has issued a final rule that provides further detail and parameters related to: the risk adjustment, reinsurance, and risk corridors programs (know as the premium stabilization programs); cost-sharing reductions; user fees for a federally-facilitated health insurance exchange; advance payments of the premium tax credit; a federally-facilitated Small Business Health Option Program (SHOP); and the medical loss ratio (MLR) program. For details, see ¶2065I.

(Read Intelliconnect) »

HHS amends SHOP standards in proposed rule

The Department of Health and Human Services has issued a proposed rule that would implement provisions of the Patient Protection and Affordable Care Act (ACA) regarding health insurance exchanges and the Small Business Health Option Program (SHOP). For details, see ¶2065J.

(Read Intelliconnect) »

EBSA issues self-compliance checklists for ACA, HIPAA

The Employee Benefits Security Administration (EBSA) has issued two self-compliance checklists for group health plans to use to test compliance with the Patient Protection and Affordable Care Act (ACA) and HIPAA, and other health care-related provisions. For more information, see ¶2065K.

(Read Intelliconnect) »

IRS issues proposed regs for annual fee on health insurance providers

The Internal Revenue Service has issued proposed regulations relating to the annual fee imposed on covered entities in the business of insuring United States health risks. The fee is imposed by Sec. 9010 of the Patient Protection and Affordable Care Act (ACA), for calendar years beginning after 2013, and is based on net premiums written after Dec. 31, 2012. For more information, see ¶2065L.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC to post information collection requests under OMB review

The PBGC has added a feature to its website to make it easier to view which PBGC information collection requests are under OMB review. For more information, see ¶119I.

(Read Intelliconnect) »

Labor Department reaches settlement to compensate plans for losses incurred through investments in Madoff funds

The Department of Labor has reached a settlement that provides for payment to compensate employee benefit plans for losses suffered through investments in funds managed by Austin Capital Management, which indirectly invested in Bernard L. Madoff’s Ponzi scheme. For more information, see ¶119J.

(Read Intelliconnect) »

IRS quarterly rates stay the same for 1st quarter of 2013

The IRS has announced that interest rates for the calendar quarter beginning April 1, 2013 will remain the same as the prior quarter. For more information, see ¶19948Z340.

(Read Intelliconnect) »