Spencer’s Benefits NetNews – January 25, 2019

 

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Over half of employees say health insurance is essential to job satisfaction

Over half of employees (55 percent) said that health insurance is the most important benefit in terms of their job satisfaction, according to recent research from small business consultant Clutch. However, the survey found that 23 percent of full-time employees do not receive any benefits from their employers.

        (Read Intelliconnect) »

CMS issues dates for obtaining qualified health plan status through the ACA for 2020

CMS has released its 2020 draft letter addressed to those issuers in the federally-facilitated exchanges that will be seeking to offer qualified health plans in 2020. While most of the requirements set forth in the letter are a continuation of prior year requirements, the letter incorporates additional standards set forth in CMS’s proposed rule titled, “Patient Protection and Affordable Care Act, HHS Notice of Benefit and Payment Parameters for 2020,” CMS 9926-P.

        (Read Intelliconnect) »

IRS issues interim guidance on excise tax owed on excess remuneration and parachute payments

The IRS has issued interim guidance on the excise tax payable by exempt organizations under Code Sec. 4960 on remuneration in excess of $1 million and any excess parachute payments made to certain highly compensated current and former employees in the tax year. The excise tax imposed by Code Sec. 4960 is equal to the maximum corporate tax rate on income (currently 21 percent).

        (Read Intelliconnect) »

DOL issues annual adjustments to penalties for 2019

The Department of Labor (DOL) has issued a pre-publication version of a final rule to adjust the amounts of civil penalties assessed or enforced under its regulations. Those adjustment amounts pertain to regulations enforced by the DOL’s EBSA, Wage and Hour Division, OSHA, and other agencies.

        (Read Intelliconnect) »

Court enjoins 2019 final rules for religious, moral exemptions

A federal district court in California has issued a preliminary injunction preventing the implementation of HHS’s 2019 final rules regarding religious exemption and moral exemption for contraceptive coverage in the states which challenged the final rule. Among the reasons cited by the court was that the moral exemption rule was not in accordance with the Patient Protection and Affordable Care Act (ACA) and that the regulatory agencies involved did not follow the Administrative Procedures Act (APA) when issuing the moral exemption.

        (Read Intelliconnect) »