Spencer Benefit’s NetNews – May 31, 2013

 

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Featured This Week

New Reports

  • Survey: BLS Employment Cost Index, 5/13 (422.-1)
       

(Read Intelliconnect) »

  • Analysis: Health Reform’s Minimum Loss Ratio Rules, 5/13 (533.-5)
       

 

(Read Intelliconnect) »

  • Survey: CPI By Group And Item, 5/13 (301.1.-19)
       

 

(Read Intelliconnect) »


News

May 31, 2013

Urban Institute Suggests Imposing A Cap On Tax Exclusion Of Employer-Sponsored Health Insurance Premiums

As lawmakers attempt to balance the budget, some have begun to consider the idea of lifting or modifying the exclusion of employer-sponsored health insurance premiums and medical benefits from taxable income, while others remain adamantly opposed. . .

(Read Intelliconnect) »

Enrollment Nears 115,000 In Health Reform’s Temporary High-Risk Pool

According to the Center for Consumer Information and Insurance Oversight, 114,959 individuals have enrolled in the Pre-Existing Condition Insurance Plan (PCIP) as of March 31, 2013, the temporary high risk health insurance pool established under the Patient Protection and Affordable Care Act . . .

(Read Intelliconnect) »

May 30, 2013

HSA Enrollment Increases 53 Percent In 2012

The number of individuals opening a health savings account (HSA) in 2012 rose 53 percent, according to recent research from Fidelity Investments. The company now administers 182,000 HSAs, up from 119,000 at the end of 2011. . .

(Read Intelliconnect) »

Selection Of Mutual Funds And Share Class Did Not Transform Provider Of Annuities Into Functional Fiduciary

A life insurance company that provided investment services to a 401(k) plan was not acting as a plan fiduciary when it entered into revenue sharing arrangements with mutual funds it selected as plan investment options, the Seventh Circuit U.S. Court of Appeals has ruled in Leimkuehler v. American United Life Insurance Co. . .

(Read Intelliconnect) »

May 29, 2013

401(k) Savers Experience Record Gains Since 2009 Market Low

Overall 401k balances reached a record high ($80,900) at the end of the first quarter 2013, according to recent research from Fidelity. This represents an 8.4 percent increase over one year prior when the average balance stood at $74,600 and 75 percent growth since the market low during the first quarter 2009 when it dropped to $46,200 . . .
(Read Intelliconnect) »

Cost Of Health Care For Family Of Four Nears Cost Of Attending In-State Public College

Health care costs for the typical American family of four covered by an employer-sponsored preferred provider organization (PPO) reached $22,030 in 2013, a 6.3 percent increase over 2012, according to recent research from Milliman . . .

(Read Intelliconnect) »

May 28, 2013

Annual 401(k) Benchmarking Survey Highlights Plan Sponsor Focus On Employee Retirement Readiness

While 401(k) account balances are at an all-time high, plan sponsors are relaxing restrictions on eligibility and contributions, and employers are reinstating and increasing matching contributions, concern about employees’ perceived lack of preparedness for retirement is a primary focus of plan sponsors . . .

(Read Intelliconnect) »

Health Insurance Premium Rates Remain Steady In Lead Up To ACA Implementation

Health insurance premiums have remained steady in the lead up to the implementation of the Patient Protection and Affordable Care Act (ACA), according to recent research from health plan comparison provider HealthPocket, Inc. . .

(Read Intelliconnect) »