Spencers & Benefits Reports NetNews – May 24, 2013


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Featured This Week

New Reports

  • Analysis: After-Tax Roth Contribution Rules, 5/13 (227.-1)

(Read Intelliconnect) »

  • Analysis: EBSA Form M-1 For MEWAs, 5/13 (606.1.-13)


(Read Intelliconnect) »

  • Analysis: Definitions Used In HIPAA, 5/13 (501.-9)


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  • Analysis: Work/Life Benefits Highly Valued By Employees, 5/13 (327.-1)


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May 24, 2013

Trend Toward Part-Time Workers Was Underway Before ACA: EBRI

Whether or not the federal health insurance reform law causes employers to hire part-time workers, the trend away from full-time employment is already underway, according to recent research from the nonpartisan Employee Benefit Research Institute (EBRI)…

(Read Intelliconnect) »

Court Approves Consent Judgment Against School Board On Multiple FMLA Violations

Resolving a suit brought by the Department of Labor (DOL) alleging violations of the Family and Medical Leave Act (FMLA), a federal district court in West Virginia approved a consent judgment ordering the Putnam County Board of Education to pay $50,000 in back wages to a former employee. The judgment also orders the defendants to implement several specific measures to ensure future compliance with the FMLA…

(Read Intelliconnect) »

May 23, 2013

Text: CMS, Final Rule, Medical Loss Ratio Requirements For The Medicare Advantage And The Medicare Prescription Drug Benefit Programs

(Read Intelliconnect) »

CMS Implements MLR Rules For Medicare Programs

The Centers for Medicare and Medicaid Services (CMS) has issued a final rule that implements the medical loss ratio (MLR) requirements for the Medicare Advantage (MA) Program and the Medicare Prescription Drug Benefit Program established under the Patient Protection and Affordable Care Act (ACA). The final rule was published in the May 23
Federal Register

(Read Intelliconnect) »

Majority Of Employers Plan To Keep Coverage After ACA Implementation

Employers’ confidence in their sponsored health care plans has increased year-to-year, but many are planning to modify their plans due to effects from implementing the Patient Protection and Affordable Care Act (ACA), according to recent research from the International Foundation of Employee Benefit Plans (IFEBP). The survey,
2013 Employer-Sponsored Health Care: ACA’s Impact, also found that 90 percent of employers have moved beyond “wait and see” and are actively developing tactics and taking steps to deal with new rules and regulations due to the health reform law…

(Read Intelliconnect) »

May 22, 2013

Text: HHS, Interim Final Rule, Pre-Existing Condition Insurance Plan Program

(Read Intelliconnect) »

HHS Changes PCIP Payment Rates Beginning June 15

The Department of Health and Human Services (HHS) has updated the payment rates for covered services provided to individuals enrolled in the Pre-Existing Condition Insurance Plan (PCIP). The interim final rule is effective on June 15, 2013, and was published in the May 22
Federal Register

(Read Intelliconnect) »

CRS Reviews Mandatory Appropriations And Fund Transfers In ACA

The Patient Protection and Affordable Care Act (ACA) appropriates amounts for four special funds in support of new or existing grant programs and other activities. The Congressional Research Service (CRS) has updated its report on the ACA, indicating the specifics on ACA funding. Funds affected and not affected by the sequester also are reviewed…

(Read Intelliconnect) »

May 21, 2013

Most Underestimate Health Care Cost Needs In Retirement

Most individuals underestimate the amount of money needed for health care expenses in retirement, according to three recent studies…

(Read Intelliconnect) »

New York City Council Passes Paid Sick Leave Measure

The New York City Council has passed the Earned Sick Time Act, a paid sick leave bill that will require many employers within the municipality to provide paid time off to employees due to illness…

(Read Intelliconnect) »

May 20, 2013

Nearly Half Of Small Businesses Think ACA Is Going To Be Bad For Business

Forty-eight percent of small businesses think that the Patient Protection and Affordable Care Act (ACA) is going to be bad for business, according to recent poll from Gallup. According to the poll, only 9 percent of small business owners believe the ACA will be good for business, and 39 percent said they expect no impact…

(Read Intelliconnect) »

Employer-Sponsored Health Insurance Rose In Massachusetts Post Reform

In the seven years since Massachusetts enacted its universal health care law, the number of individuals covered through employer-sponsored health insurance increased, while the nationwide trend decreased, according to recent research from PriceWaterhouseCoopers’ (PwC) Health Research Institute (HRI). The study,
The Massachusetts Experience, found that employer-sponsored insurance increased about 1 percentage point in Massachusetts, while the national rate fell by 5.7 percentage points. HRI noted that the Massachusetts growth occurred in the midst of the recession and at a time when health insurance premiums in the state rose to the highest levels in the nation…

(Read Intelliconnect) »