Pension & Benefits NetNews – November 11, 2014

 

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Featured This Week

Employee Benefits Management News

  • CMS announces delay of HPID rules
  • IRS issues 2015 adjusted limits for various benefits
  • Employer plans that do not provide inpatient hospital coverage do not provide minimum value
  • Marketplace enrollees are already using their benefits, says Express Scripts

Pension Plan Guide News

  • PBGC updates premium rates for 2015
  • PBGC maximum monthly benefit guarantee increases for 2015
  • IRS allows 401(k) plans to offer target date funds that include deferred income annuities in investments

Employee Benefits Management News

CMS announces delay of HPID rules

The Centers for Medicare & Medicaid Services (CMS) has announced a delay, until further notice, in enforcement of the regulations pertaining to health plan enumeration and use of the Health Plan Identifier (HPID) in HIPAA transactions adopted in the HPID final rule. For more information, see ¶2081S.

        (Read Intelliconnect) »

IRS issues 2015 adjusted limits for various benefits

In Rev. Proc. 2014-61, the Internal Revenue Service provides a variety of inflation-adjusted figures for 2015, including figures for cafeteria plans, long-term care, medical savings accounts (MSAs) and transportation fringe benefits. For details, see ¶2081T.

        (Read Intelliconnect) »

Employer plans that do not provide inpatient hospital coverage do not provide minimum value

Employer plans that do not provide coverage for inpatient hospitalization services or physician services (or for both) do not provide minimum value under the rules of the Patient Protection and Affordable Care Act (ACA), according to the IRS. For more information, see ¶2081U.

        (Read Intelliconnect) »

Marketplace enrollees are already using their benefits, says Express Scripts

Pharmacy benefits have already been used by nearly half of Americans enrolled in the Marketplace, according to data recently published by Express Scripts and included in the second Express Scripts Exchange Pulse™ Report. For more information, see ¶2081W.

        (Read Intelliconnect) »

Pension Plan Guide News

PBGC issues 2015 table showing present value of maximum benefit guarantee

The PBGC has issued a table showing the present value of the PBGCs maximum benefit guarantee for 2015. For more information, see ¶19,981Z-44.

        (Read Intelliconnect) »

Target date funds serving as QDIAs may include unallocated deferred annuities, EBSA says

EBSA has confirmed that target date funds serving as qualified default investment alternatives (QDIAs) may include unallocated deferred annuities among their fixed income investments and remain in compliance with the QDIA requirements. For more information, see ¶19,981Z-42.

        (Read Intelliconnect) »

IRS provides tax relief to victims of California earthquake

The IRS is postponing certain tax deadlines, including the filing of Form 5500s, for taxpayers who reside or have a business in those areas in California that were affected by an earthquake on August 24, 2014. For more information, see ¶131N.

        (Read Intelliconnect) »

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