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February 21, 2011

[Guidance Overview]
Federal Tax Law and State Tax Treatment: Dependent Coverage Up to Age 26 (PDF)
"On plans that offer dependent coverage; plans must permit children to stay on family policies until age 26. This applies to all plans in the individual market and new employer plans without qualifiers." (William Gallagher Associates Insurance Brokers, Inc.)


Do You Know Your TCO? (advert.)

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[Guidance Overview]
California Legislature Likely to Pass Retroactive Relief from Imputed Income for Overage Dependent Coverage
"Specifically, the bill offers relief from imputed state income back to March 30, 2010, which is the date on which federal tax laws changed to waive dependency requirements for children up to age 26." (E Is for ERISA)

[Guidance Overview]
IRS Concludes Lactation Supplies Are Tax Deductible Medical Expenses (PDF)
"The IRS decision reflects a public policy trend in favor of supporting breast feeding mothers. Under the Patient Protection and Affordable Care Act, employers must provide a private place, other than a restroom, that can be used by an employee to express breast milk. Under the law, only companies with fewer than 50 employees can claim that the requirement imposes an undue hardship." (Buck Consultants)

Health Reforms Face Legal Battle and Employers Consider Strategy
"Since the enactment of the Patient Protection and Affordable Care Act nearly 11 months ago, many employers have been following a two-part compliance strategy." (Workplace Management: free registration required)

Employers Take Advantage of the Health Reform Law They Want Repealed
"[A]t least one ACA program has proven very popular with corporate America. [HHS] expects to pay out about $3.6 bil.lion in reimbursements for medical expenses for the Early Retiree Reimbursement Program in fiscal year 2011 . . . ." (Wolters Kluwer)

Legislation Would Give Troops Flexible Spending Accounts
"Military service members would be able to sock away money for health care and other expenses in flexible savings accounts under a bipartisan bill House and Senate lawmakers unveiled on Thursday." (Government Executive)

Health Care Reform without the Individual Mandate (PDF)
"[The author considers the two most-discussed alternatives to the mandate and estimates] their impact on insurance coverage, public sector costs, and insurance prices. [The author finds] that both alternatives significantly erode the gains in public health and insurance affordability made possible by the Affordable Care Act." (Center for American Progress)

Text of Response to a Question from the Honorable Paul Ryan About CBO's Cost Estimate for H.R. 2 (PDF)
"The analysis provided in this letter is based on the estimate of the direct spending and revenue effects of H.R. 2 that was prepared by the [CBO]) and the staff of the Joint Committee on Taxation . . . ." (U.S. Congressional Budget Office)

Text of Cost Estimate for H.R. 2, 'Repealing the Job-Killing Health Care Law Act' (PDF)
"Cost estimate for the act as passed by the House of Representatives on January 19, 2011." (U.S. Congressional Budget Office)

Complementary and Alternative Medicine Can Reduce Pain and Drive Health Costs Down
"The most common and effective treatments include chiropractic, nutritional therapies, acupuncture and mind-body therapy. Research shows that acupuncture, for example, was present in 24% of company benefit plans, and only 26% of employers offered no alternative care benefits." (Employee Benefit News; free registration required)

Administration Seeks Clarity from Judge on Health Ruling
"The Obama administration asked a federal judge on Thursday to clarify whether his recent ruling against the new health care law was meant to block its implementation pending appeals." (The New York Times; free registration required)

Senate Passes Repeal of HCR 1099 Rule
"According to the news report, the provision is part of the broader bill, S. 223, that the Senate approved Thursday on an 87-8 vote." (PLANSPONSOR.COM)

HHS's New Center for Consumer Information and Insurance Oversight
"HHS has established [the new Center] within CMS to help implement health care reform's requirements." (Thomson Reuters/EBIA)

House Republicans Vote to Defund Federal Health Overhaul
"[T]he House early Saturday morning passed a bill to fund the government through the end of September. It included several amendments to defund the new health law. The bill now goes to the Senate." (Henry J. Kaiser Family Foundation)


The 8th Annual World Health Care Congress(WHCC). April 4-6, 2011 (advert.)

Sponsored by World Congress

The 8th Annual World Health Care Congress (WHCC) is World Congress' flagship event in which over 1,800 health care, government and corporate leaders formulate solutions to the challenges of health care cost, quality and delivery.


Benefits in General; Executive Compensation

[Guidance Overview]
State Law Determines Whether a Tribal Court Domestic Relations Order Can Be a QDRO
"ERISA does not require that a domestic relations order be issued by a state court; rather, it requires that the order be authorized by a state authority that the state recognizes as empowered to achieve a division of property under state domestic relations law." (Thomson Reuters/EBIA)

Secunda on Wisconsin's Public Union Bill
"[Professor Paul Secunda also questions] whether this really has anything to do with the state budget--a question that has particular weight given that the governor just last month pushed through a large tax break package." (Workplace Prof Blog)

Strapped for Money, Some Municipalities in California Skirting Law and Using Redevelopment Funds to Pay Salaries and Benefits
"[The governor] wants to shut down the state's approximately 400 municipal redevelopment agencies and send much of the $5 bil.lion in property taxes they take in each year to schools, counties and the state instead." (Los Angeles Times)

Wisconsin Leads Way As Workers Fight State Cuts to Bargaining Rights and Benefits
"In many states, Republicans who came to power in the November elections, often by defeating union-backed Democrats, are taking aim not only at union wages, but at union power as they face budget gaps in the years ahead." (The New York Times; one-time registration required)

[Opinion]
A Seminal Showdown Between Public Unions and Taxpayers in Wisconsin
"The reality is that the unions are trying to trump the will of the voters as overwhelmingly rendered in November when they elected Mr. Walker and a new legislature. As with the strikes against pension or labor reforms that routinely shut down Paris or Athens, the goal is to create enough mayhem that Republicans and voters will give up." (The Wall Street Journal)


Employee Benefits Jobs

Benefits Manager in OH for Western & Southern Financial Group

Director of Benefits Compliance-IRC15207 in VA for NRECA

Onsite Participant Counselor in CA for Diversified Investment Advisors, Inc.

Benefits Manager (SF)(Job ID: 21686) in CA for Morrison & Foerster LLP

Benefits Analyst (Health & Welfare) (Job ID: 21773) in CA for Morrison & Foerster LLP

Plan Administrator - Defined Contribution Plans, PT in NJ for Retirement Strategies Group, L.L.C.

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Webcasts and Conferences

401(k) Rekon Advisor Symposium- Dallas in Texas on March 22, 2011 presented by 401(k) Rekon

COBRA for Rookies: Understanding the Basics to Avoid Liability Nationwide on February 17, 2011 presented by EBIA / Thomson Reuters

Form 5500 for Health and Welfare Plans: Compliance in an Electronic World Nationwide on March 24, 2011 presented by EBIA / Thomson Reuters


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