Pension & Benefits NetNews – May 29, 2018

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Featured This Week

Employee Benefits Management News

  • IRS issues 2019 HSA inflation adjustments
  • Workers’ vacation usage at highest level in 7 years, but room for improvement remains
  • No private right of action to enforce HIPAA, district court rules
  • HHS’ American Patients First broad effort to address high drug costs

Pension Plan Guide News

  • DOL temporary enforcement policy may allow advisers to maintain practices following vacatur of fiduciary rule
  • IRS invites public comments on 2018-2019 Priority Guidance List
  • DOL seeks comments on EBSA-sponsored information collection request on 408(b)(2) disclosure requirements

Employee Benefits Management News

IRS issues 2019 HSA inflation adjustments

The IRS has released the 2019 inflation-adjusted amounts for health savings accounts (HSAs) under Code Sec. 223. For more information, see ¶2115S.

        (Read Intelliconnect) »

Workers’ vacation usage at highest level in 7 years, but room for improvement remain

American workers took an average of 17.2 days of vacation in 2017, according to new research from Project: Time Off, jumping up nearly a half-day (.4 days) from 2016. For more information, see ¶2115T.

        (Read Intelliconnect) »

No private right of action to enforce HIPAA, district court rules

A patient, whose medical information was sent to an open facsimile machine of a retail store by the hospital which treated him, did not have a private right of action to enforce the Health Insurance Portability and Accountability Act (HIPAA), a federal district court in California has ruled. For more information, see ¶2115U.

        (Read Intelliconnect) »

HHS’ American Patients First broad effort to address high drug costs

The Trump Administration has released “American Patients First,” its blueprint for lowering U.S. prescription drug prices. The plan includes proposals to create incentives for decreasing prices and reducing consumer out-of-pocket costs. For more information see ¶2115W.

        (Read Intelliconnect) »

Pension Plan Guide News

DOL temporary enforcement policy may allow advisers to maintain practices following vacatur of fiduciary rule

While the final disposition of the fiduciary conflict of rules remains in flux, the Department of Labor (DOL) has issued a temporary enforcement policy, indicating that, pending the issuance of additional guidance, it will not pursue prohibited transactions claims against investment advice fiduciaries who are “working diligently and in good faith” to comply with the rules. For more information, see ¶19,981Z-73.

        (Read Intelliconnect) »

IRS invites public comments on 2018-2019 Priority Guidance List

The IRS has invited the public to submit recommendations for items that should be included on the 2018-2019 Priority Guidance List. For more information, see ¶157p

        (Read Intelliconnect) »

DOL seeks comments on EBSA-sponsored information collection request on 408(b)(2) disclosure requirements

The Department of Labor is submitting an Employee Benefits Security Administration (EBSA) sponsored information collection request titled “Employee Retirement Income Security Act Section 408(b)(2) Regulation” to the Office of Management and Budget (OMB) for review and approval for continued use, without change. For more information, see ¶157v.

        (Read Intelliconnect) »

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