Pension & Benefits NetNews – September 17, 2013

 

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Featured This Week

Employee Benefits Management News

  • IRS issues proposed rules on information reporting under ACA
  • Health plan will not fail to qualify as HDHP because it provides preventive care without deductible
  • Employees asking about impact of health care reform, survey finds
  • No fines for employers that fail to comply with certain ACA notice provisions

Pension Plan Guide News

  • IRS issues proposed regs that require filing certain retirement plan returns on magnetic media
  • IRS issues August, September 2013 Treasury, yield curve, and segment rates
  • IRS quarterly rates stay the same for 4th quarter of 2013

Employee Benefits Management News

IRS issues proposed rules on information reporting under ACA

The IRS has issued two sets of proposed rules to implement the information reporting requirements under the Patient Protection and Affordable Care Act (ACA). The regulatory proposals reflect an ongoing dialogue with representatives of employers, insurers, other reporting entities and individual taxpayers. The regulations are proposed to apply for calendar years beginning after December 31, 2014. For details, see ¶2070K.

(Read Intelliconnect) »

Health plan will not fail to qualify as HDHP because it provides preventive care without deductible

In Notice 2013, 57, the Internal Revenue Service issued clarification that a health plan will not fail to qualify as a high-deductible health plan (HDHP) merely because it provides preventive health care without a deductible, as required by the Patient Protection and Affordable Care Act. For details, see ¶2070L.

(Read Intelliconnect) »

Employees asking about impact of health care reform, survey finds

Ninety percent of responding employers surveyed said they have received questions from employees asking how their benefits will be impacted by health care reform, according to the latest employer member survey conducted by the non-profit Midwest Business Group on Health (MBGH). For more information, see ¶2070M.

(Read Intelliconnect) »

No fines for employers that fail to comply with certain ACA notice provisions

The Employee Benefits Security Administration (EBSA) has issued a Frequently Asked Question (FAQ) stating that employers will not be fined for failing to provide, by October 1, 2013, written notices to their employees about the Health Insurance Marketplace, as prescribed by the Patient Protection and Affordable Care Act (ACA). For more information, see ¶2070N.

(Read Intelliconnect) »

Pension Plan Guide News

IRS issues proposed regs that require filing certain retirement plan returns on magnetic media

The IRS has issued proposed regulations that require the filing of certain retirement plan statements, returns, and reports under Code Secs. 6057, 6058, and 6059 (i.e., Form 8955-SSA, Form 5500 series, and Schedules SB and MB) on magnetic media, including electronic filing. For more information, see ¶20,263Q.

(Read Intelliconnect) »

IRS issues August, September 2013 Treasury, yield curve, and segment rates

The IRS has issued the 30-year Treasury interest rates, yield curve and segment rates, and minimum value segment rates for August and September 2013. For more information, see ¶17,152L.

(Read Intelliconnect) »

IRS quarterly rates stay the same for 4th quarter of 2013

The IRS has announced that interest rates for the calendar quarter beginning October 1, 2013 will remain the same as the prior quarter. For more information, see ¶19,948Z-343.

(Read Intelliconnect) »