Webcasts, Conferences
Employee Benefits and Employment Integration: How to Handle Transactions Without Losing Your Workforce
April 6, 2018 WEBCAST
McDermott Will & Emery LLP
Discussions
This Newsletter:
? Subscribe Now
BenefitsLink Retirement Plans Newsletter:
? Subscribe Now
Message Boards Digest:
? Subscribe Now
Consumer Engagement in Health Care Among Millennials, Baby Boomers, and Generation X (PDF)
"More than other generational cohorts, Millennials are satisfied with their health coverage, out-of-pocket costs, and health plan choices.... Baby Boomers are more likely than Gen Xers and Millennials to have a primary care provider.... Both Millennials and Generation X are more likely than Baby Boomers to report that they have used a walk-in clinic.... Millennials are nearly across the board more likely than Baby Boomers to participate in various aspects of wellness programs."
Employee Benefit Research Institute [EBRI]
Now is a great time to join Worldwide Employee Benefits Network (WEB)
Worldwide Employee Benefits Network provides me a forum for education and information exchange with other Benefits Executives. Join today .
Trend Favors Employers in Retiree Medical Litigation
" CNH
and Cooper
should put to rest any dispute that M&G Polymers
dramatically changed the framework for assessing retiree medical claims in the CBA context. Absent explicit language to the contrary, general durational clauses govern the duration of retiree medical benefits, and the obligation to provide such benefits expires with the applicable CBA."
Morgan Lewis
Employer-Sought Health Policy Changes Left Out of Spending Bill
"[A] package of individual health care market stabilization reforms has been left out of the fiscal 2018 omnibus spending bill set to become law. That omission also ended chances for other potential health care add-ons sought by employers, including a new bipartisan package of HSA improvements and retroactive relief from ACA employer mandate penalties.... The stabilization reforms could still come up as a stand-alone bill for a vote in the Senate this year, but it's hard to see the parties getting past their current differences."
Mercer
The Profitability of Health Insurance Companies (PDF)
"Stable year-over-year enrollment, despite large premium increases, suggests a distorted market that involves large transfers from taxpayers to insurers. Large insurers, many of whom left the individual market, are profiting from the Medicaid expansion, which is largely provided through private managed care and paid for by the federal government. All health insurers can expect to become more profitable this coming year due to the recent tax reform."
The White House Council of Economic Advisers
Obamacare Insurers Had a Good Year; That Could Be a Problem
"[O]ne profitable year won't be enough to make insurers forget the billions in losses over the last three years.... While the government may have escaped paying cost-sharing subsidies, it's paying much higher premium subsidies.... When insurance companies raise rates, the bottom line is a bigger bill for the government."
Mercer
The New Tax Bill and Its Impact on Employee Benefits
April 9 webinar will help employers understand the impact of the Tax Cuts and Jobs Act on their total rewards packages, including planning opportunities and potential areas of concern. Discount for BenefitsLink readers .
Health Insurance Decision Support Tools Improved in 2018 but Vary Across States
"Most of the few remaining [state-based marketplaces (SBMs)] that didn't have out-of-pocket cost calculators added them in 2018.... The presence of provider and formulary lookup tools have become nearly universal.... But opportunities for consumer decision support extend far beyond the SBMs."
Robert Wood Johnson Foundation
Omnibus Bill Leaves Out Market Stabilization Provisions
"Despite previous bipartisan support, market stabilization provisions -- such as funding for reinsurance programs or cost-sharing reductions -- are not included in the compromise bill, which could depress insurer participation and raise premiums for consumers in 2019."
Katie Keith, in Health Affairs
GAO Comparative Effectiveness Research Report: Activities Funded by the Patient-Centered Outcomes Research Trust Fund (PDF)
42 pages. "To fund [comparative effectiveness research (CER)] activities, PPACA established the Trust Fund from which [the Patient-Centered Outcomes Research Institute (PCORI)] and HHS are expected to receive an estimated $4.0 billion from fiscal years 2010 through 2019.... This report examines [1] PCORI's use of the Trust Fund for CER activities, including the dissemination and use of research findings; and [2] HHS's use of the Trust Fund for these activities." [GAO-18-311, March 2018]
U.S. Government Accountability Office [GAO]
Benefits in General
Prepare to Address Disability Claims Under All Types of Benefit Plans Differently, Starting April 1, 2018
"Does a third party (external) reviewer determine if disability exists? If so, either the plan document, insurance contract or service agreement needs to require that that third party comply with the new DOL rules.... Many benefit plans detail claims procedures only in the SPD; in that case, the plan document might not need to be updated, but a summary of material modifications should be provided to plan participants outlining the disability claims procedure changes."
Frost Brown Todd LLC
Executive Compensationand Nonqualified Plans
Don't Amend Executive Comp Plans Yet for New Disability Claims Rules
"It is likely that all or a portion of the benefits earned or accrued before 2018 under non-qualified deferred compensation, executive retirement, and severance plans will be exempt from the $1 million deductibility limits of Code Section 162(m) under the grandfathering provisions of the transition rule.... Do not amend your non-qualified deferred compensation, executive retirement, and severance plans now in order to preserve the exemption."
Winston & Strawn LLP
Companies Show No Love for Hard-Won Exemption to Pay Ratio Rule
"Business advocates pressed the SEC as it drafted the rule to include a way for companies to avert potential privacy violations when collecting information on non-U.S. workers.... But the extra legwork and added disclosure required has turned off most companies to its use."
Bloomberg BNA
Restricted Stock/RSUs and Tax Returns: Eight Costly Mistakes to Avoid
"[1] After selling any or all of the shares at vesting, you still need to report this sale on Form 8949 and Schedule D even though you are also including it as part of your compensation income.... [2] [Y]our tax basis for reporting the stock sale in column (e) on Form 8949 is the amount of compensation income at vesting that appeared on your W-2 ... [3] You will also mistakenly double-report income if you do not realize that your W-2 income in Box 1 already includes stock compensation income."
myStockOptions.com
Does Tax Deductibility Affect CEO Pay? the Case of the Health Insurance Industry
"The failure of reduced deductibility to slow growth in CEO pay in the health insurance sector ... means that the TCJA provisions are unlikely to significantly affect CEO pay more widely.... To restrain growth in CEO pay we need reforms to improve corporate governance and give shareholders more power over corporate executives."
Economic Policy Institute
Press Releases
City of Houston and Willis Towers Watson settle pension suit Willis Towers Watson
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite HWinter Park, Florida 32789
(407) 644-4146
Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
BenefitsLink Health & Welfare Plans Newsletter, ISSN no. 1536-9595. Copyright 2018 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers; we were not involved in their production and are not responsible for their content.