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Most Read Benefits Management News

PBGC deficit hits record $61.7B in 2014

Published November 17, 2014 CST

The Pension Benefit Guaranty Corp.'s deficit hit a record $61.7 billion in fiscal 2014, the agency said Monday.

Obama administration fudged exchange enrollment with stand-alone dental plans

Published November 21, 2014 CST

Alex Wayne reports for Bloomberg that the government inflated its 2014 enrollment figures for the Patient Protection and Affordable Care Act exchanges by including dental plans with medical plans.

Employers get until Dec. 5 to file ACA's reinsurance fee forms

Published November 17, 2014 CST

Federal regulators have given employers until Dec. 5 to submit a form with information that the U.S. Department of Health and Human Services will use to calculate a “reinsurance” fee.

Employers to stick with health plan designs in 2015, add wellness incentives

Published November 20, 2014 CST

Very few employers are planning to make drastic changes to their group health benefit plans in 2015, opting instead to add incentives to workplace wellness programs, according to new survey data.

Group health care plans see modest cost increases: Mercer

Published November 19, 2014 CST

Aided by a surge in enrollment in high-deductible plans, group health care plan costs have continued to increase modestly this year, according to a survey by Mercer L.L.C.

Health insurers exhale after smooth start to open enrollment

Published November 18, 2014 CST

A flood of calls and applications in the first days of Obamacare's second open-enrollment period didn't crash the enrollment websites like last year, but it will take a few days to check the accuracy of the information insurers are getting from the exchanges.

House Republicans launch long-discussed anti-ACA lawsuit

Published November 21, 2014 CST

House Republicans filed their long-awaited lawsuit Friday challenging the Patient Protection and Affordable Care Act.

New London firefighters drop DC plan, join Connecticut retirement system

Published November 20, 2014 CST

New London, Connecticut, firefighters are back to participating in a municipal defined benefit plan after being in a 401(a) defined contribution plan for 17 years.

Judge rules Illinois pension reform law is unconstitutional

Published November 21, 2014 CST

A Sangamon County, Illinois, Circuit Court judge ruled Friday that Illinois’ pension reform law passed last year is unconstitutional.

Workplace wellness programs can flag chronic obstructive pulmonary disease

Published November 11, 2014 CST

WASHINGTON — As workplace wellness programs become more common among U.S. employers, benefit managers and their wellness vendors are uniquely positioned to help promote early diagnosis and treatment of CPOD.

California health insurance exchange’s open enrollment off to big start

Published November 21, 2014 CST

California, the biggest public health insurance exchange, says enrollment for 2015 is far eclipsing the enrollment rate during the comparable period last year.

401(k) auto-enrollment growing in popularity with employers

Published November 21, 2014 CST

More employers are adding automatic enrollment features to their 401(k) and other defined contribution plans, according to a survey.

Will the Supreme Court accept the Obamacare subsidy challenge Friday?

Published October 30, 2014 CST

The U.S. Supreme Court justices are scheduled on Friday to discuss whether to accept a case with the potential to severely disrupt health coverage for millions of Americans under the Patient Protection and Affordable Care Act. If they take the case, it could introduce an unexpected issue into next Tuesday's elections over the future viability of the healthcare reform law.

Flexible spending account cap expected to rise in 2015

Published August 29, 2014 CST

The maximum contribution employees will be able to make to their flexible spending accounts is expected to rise in 2015 by $50 to $2,550, according to Buck Consultants at Xerox calculations.

Judge to hear arguments over Illinois pension reform law

Published November 20, 2014 CST

(Reuters) — Illinois faces an uphill battle on Thursday to defend the constitutionality of a law aimed at easing the state's huge unfunded pension liability.

Hilb Group acquires North Carolina employee benefits broker

Published November 04, 2014 CST

The Hilb Group L.L.C. has acquired middle market employee benefits broker Lake Norman Benefits Inc.

McConnell's claims on Kentucky exchange, Obamacare baffle experts

Published October 21, 2014 CST

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.

Group health plan costs up 4.4% in 2014; Aon Hewitt predicts bigger 2015 rise

Published November 13, 2014 CST

Group health care plan costs increased on average by a relatively modest 4.4% in 2014, but bigger increases likely lay ahead, according to new research released by Aon Hewitt.

Employer communications about health, retirement benefits lag: Survey

Published November 13, 2014 CST

While a majority of employers say they want to improve their employees' understanding in health and retirement benefits, a recent survey says less have implemented the necessary communication strategies.

Hub sells its only Latin American benefits and commercial lines broker

Published November 14, 2014 CST

Hub International Ltd. has sold Harmonia Corretora de Seguros Ltda., the São Paulo, Brazil-based insurance brokerage it acquired in 2011, to Howden Insurance Brokers Ltd., London-based Howden said Friday.

Colorado high court upholds COLA reduction for state pension fund

Published October 21, 2014 CST

The Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.

Health plans that fail ACA minimum value test to get one-year pass: IRS

Published November 04, 2014 CST

Group health care plans that do not provide coverage for hospital care will not pass the health care reform law's “minimum value” test, but the Internal Revenue Service is giving a one-year pass to existing or soon to be implemented plans excluding the coverage.

Business Insurance names 2014 Women to Watch

Published October 08, 2014 CST

Business Insurance on Wednesday announced the honorees for its 2014 Women to Watch recognition program.

Maximum 2015 FSA contribution allowed increased to $2,550

Published October 30, 2014 CST

The maximum contribution employees will be able to make to their flexible spending accounts will rise in 2015 by $50 to $2,550, while the maximum pretax contribution employees can make to cover mass transit expenses will be unchanged.

Power shift in Congress sets stage for amendments to health care reform law

Published November 09, 2014 CST

After strong Republican gains in last week's midterm elections, the stage now appears set for a bipartisan effort to amend the nation's landmark health care reform law.