Spencer’s Benefits NetNews – February 22, 2019

 

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Re-introduced FAMILY Act would create universal, gender-neutral, national paid family and medical leave program

Representative Rosa DeLauro (D-Conn.) and Sen. Kirsten Gillibrand (D-N.Y.) on February 12 re-introduced the Family and Medical Insurance Leave Act (FAMILY Act), H.R. 1185, to create a universal, gender-neutral, national paid family and medical leave program. Proponents of the legislation observed that the United States is the only industrialized country that does not guarantee its workers some form of paid leave. According to recent studies, the lack of access to paid family and medical leave costs nearly $21 billion that otherwise could be spent on housing, child care, food, education, or other everyday items.

        (Read Cheetah) »

Affordability of short-term, limited-duration plans likely will be illusory, PA insurance commissioner tells House subcommittee

Pennsylvania Insurance Commissioner Jessica Altman recently testified before the U.S. House Energy and Commerce Committee’s Subcommittee on Health on the potential harms that short-term, limited-duration insurance (STLDI) plans may cause for consumers and the health insurance market.

        (Read Cheetah) »

PBGC issues proposed regs that provide simplified methods for computing withdrawal liability

The Pension Benefit Guaranty Corporation (PBGC) has released proposed regulations that would implement statutory changes made by the Multiemployer Pension Reform Act of 2014 (MPRA, P.L. 113-235) affecting the determination of a withdrawing employer’s liability under a multiemployer plan and the annual withdrawal liability payment amount. The proposed regulations would provide simplified methods for determining withdrawal liability and annual payment amounts that a plan sponsor would be allowed to adopt to satisfy the statutory requirements that certain amounts associated with funding improvement/rehabilitation plans and benefit suspensions be disregarded. The proposed regulations also would eliminate some language that repeats statutory provisions and make other editorial changes.

        (Read Cheetah) »

No private right of action for termination, cancellation of coverage under ACA

The Patient Protection and Affordable Care Act (ACA) does not create a private right of action for an insured individual whose insurance coverage was cancelled without notice, resulting in tax penalties. The Middle District of Florida granted a motion by Blue Cross and Blue Shield of Florida (Blue Cross) to dismiss an individual’s amended complaint.

        (Read Cheetah) »

IRS releases information letters concerning FSAs, HSAs

The IRS has released two health care-related information letters, which were prepared in response to requests for general information by taxpayers or by government officials on behalf of constituents. INFO 2018-0032 addresses debit card payments in connection with health flexible spending arrangements (FSAs) and INFO 2018-0033 addresses contributions made in error to health savings accounts (HSAs).

        (Read Cheetah) »