Trish Neely, CFCI

Take a minute to review and answer the following questions. If you answer no or I don’t know, then the Department of Labor (DOL) has a new tool you should want to know more about.

Trish Neely, CFCI

Go through our two checklists to make sure you have all reform-related activities for 2012 completed and that you know what is required of you for 2013.

Benefits Alert 2012-04

Trish Neely, CFCI

Chief Justice Roberts read the verdict at approximately 10AM this morning. Healthcare Reform, including the individual mandate is constitutional and the law stands. Surprisingly the Chief Justice sided with the liberal justices. In the 5-4 decision authored by the Chief Justice, the Court found that the individual mandate provisions of PPACA are constitution as a tax. “Our precedent demonstrates that Congress had the power to impose the exaction in Section 5000A under the taxing power, and that Section 5000A need not be read to do more than impose a tax. This is sufficient to sustain it.”

Trish Neely, CFCI

It is important to keep abreast of the notice and reporting obligations coming due for employers and health plan providers. In addition to the tools and timelines available on our website we will continue to keep this on your radar screen with an ongoing checklist in this newsletter.

Benefits Alert 2012-01

The Agencies have issued final regulations and related guidance on PPACA’s benefit summary requirement. Employers must start finalizing these summaries with their health plan insurers to be ready for the new September effective date. Note this requirement also applies to grandfathered plans.