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Employee Benefits Management News
- Nontraditional wellness initiatives are emerging, survey finds
- Employers expect to make health care program changes to remain competitive
- Experts review health care reporting on Form 1095-C
- HHS affirms “skinny plans” do not meet minimum value requirement under ACA
Pension Plan Guide News
- IRS changes addresses and user fees for 403(b) pre-approved plan applications
- PBGC announces availability of 2015 premium filing instructions and My PAA for 2015 premium filings
- Obama appoints PBGC Advisory Committee Chair
Nontraditional wellness initiatives are emerging, survey finds
Celebrating a birthday, rolling up the sleeves for a community volunteer project and taking that extra day of vacation are probably not the first activities that come to mind concerning workplace wellness. However, less traditional benefits are quickly taking the stage as top wellness initiatives, according to the International Foundation of Employee Benefits Plans’ recent survey Workplace Wellness Trends. For more information, see ¶2084V.
Employers expect to make health care program changes to remain competitive
The majority of U.S. employers (84 percent) are expecting to make changes to their full-time employee health benefit programs over the next three years, despite cost increases remaining at historically low levels, according to new research from Towers Watson. For details, see ¶2084X.
Experts review health care reporting on Form 1095-C
The reporting requirements for applicable large employers and health insurance providers under Code Secs. 6055 and 6056 are effective starting in 2015, reminded practitioners and Stephen Tackney, deputy division counsel/associate chief counsel, IRS Tax-Exempt and Government Entities Division, Office of Chief Counsel, during a March 5, 2015, American Bar Association webcast. For more information, see ¶2084Y.
HHS affirms “skinny plans” do not meet minimum value requirement under ACA
Employer-sponsored health plans must provide substantial coverage of both inpatient hospital services and physician services to meet the minimum value (MV) requirement of the Patient Protection and Affordable Care Act (ACA), HHS has clarified in a final rule. For more information, see ¶2084Z.
IRS changes addresses and user fees for 403(b) pre-approved plan applications
An IRS revenue procedure changes the addresses to which applications for opinion and advisory letters for 403(b) pre-approved plans should be submitted. It also inserts a user fee that was omitted from Rev. Proc. 2015-8. For more information, see ¶17,299U-73.
PBGC announces availability of 2015 premium filing instructions and My PAA for 2015 premium filings
The OMB has approved the 2015 premium filing instructions. My PAA has been updated and is now ready to accept electronic premium fillings for plan years beginning in 2015. For more information, see ¶133X.
Obama appoints PBGC Advisory Committee Chair
President Obama named Joyce Mader of Washington, D.C., as chair of the Advisory Committee of the Pension Benefit Guaranty Corporation. For more information, see ¶133Q.
For more information, visit http://www.wolterskluwerlb.com/rbcs.