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Most Read Benefits Management News

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.

IRS announces maximum 401(k) plan contribution limits for 2015

Published October 23, 2014 CST

The maximum contribution that can be made to 401(k) plans in 2015 will rise to $18,000, up from the current $17,500 limit, the Internal Revenue Service announced Thursday.

Women pay more than men for health care benefits: Mercer

Published October 24, 2014 CST

Women pay more for health benefits and receive less coverage, according to researchers at Mercer L.L.C.

Senators want rules on corporate pension de-risking

Published October 23, 2014 CST

The chairmen of two Senate committees are asking the heads of several federal agencies to develop guidance on one of the hottest defined benefit pension plan trends: employer moves to “de-risk” the plans.

Open enrollment dominated by frustration over health care reform compliance

Published October 26, 2014 CST

Fall open enrollment for the 2015 group health plan year is being dominated by employer frustration and uncertainty about implementing coverage and IRS reporting requirements under the health care reform law's employer coverage mandate.

Humana looks to sell urgent care subsidiary Concentra: Sources

Published October 22, 2014 CST

(Reuters) — Health insurer Humana Inc. is exploring a sale of its urgent care subsidiary Concentra in a deal that could value it at around $1 billion, according to three people familiar with the matter.

Low-cost health plans pass online minimum value coverage test

Published October 26, 2014 CST

What may be a flaw in the federal government's online calculator to determine if employer-provided health insurance coverage meets the health care reform law's “minimum value” test is allowing employers to offer low-cost basic plans without triggering a big reform law penalty.

Massachusetts decreases surcharge on health care services

Published October 07, 2014 CST

Massachusetts regulators have slightly decreased the surcharge on services received at hospitals and ambulatory surgical centers in the state.

HHS form for health reform law reinsurance fee to be available Friday

Published October 21, 2014 CST

A long-awaited form employers will use to provide the HHS with information regulators will need to calculate the amount of a “reinsurance” fee mandated by the health care reform law will be available online starting Friday.

Ryder latest firm to offer lump-sum cash conversion from annuity

Published October 23, 2014 CST

Ryder System Inc. is offering to about 11,000 former employees the opportunity to convert their monthly annuity benefit to a cash lump-sum benefit.

Daughters of Charity Health System church plan challenged

Published October 24, 2014 CST

Another church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

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.

San Francisco health care spending requirement adjusted for managers

Published October 27, 2014 CST

Managerial, supervisory or confidential employees who earn at least $90,745 in 2015 are exempt from a San Francisco law that requires employers to spend a certain amount of money on their employees’ health insurance.

IRS allows use of annuities in target-date fund series

Published October 24, 2014 CST

The Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans discriminating in favor of higher paid employees, as long as other IRS guidelines are followed.

Lockheed Martin to forgo pension contributions in 2015 through 2017

Published October 22, 2014 CST

Lockheed Martin Corp. announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further contributions for at least three more years.

Boeing offers lump-sum, immediate annuity options to 40,000 former employees

Published October 28, 2014 CST

Boeing Co. is offering an option of a lump-sum payout or an annuity to 40,000 former employees who have not yet retired, the first time the Chicago-based company has offered such choices from its existing defined benefit plans.

Voluntary benefits could hold key to health care reform excise tax

Published September 23, 2014 CST

NATIONAL HARBOR, Maryland. — Some U.S. employers are beginning to use voluntary medical benefit plans to minimize the prospects of sharp health care cost increases in the coming years as a result of health care reform.

PBGC takes over food wholesaler’s pension plan; warns of 2015 rate hikes

Published October 27, 2014 CST

The Pension Benefit Guaranty Corp. has taken over the underfunded pension plan of White Rose Inc., an independent Carteret, New Jersey-based independent food wholesaler that filed for Chapter 11 bankruptcy last month and now is selling off assets.

Same-sex marriage bans in Idaho, Nevada ruled unconstitutional

Published October 08, 2014 CST

A federal appeals court has dealt yet another blow to same-sex marriage opponents by ruling in favor of gay and lesbian couples seeking equal marriage rights in Idaho and Nevada.

PBGC increases maximum benefit for retirees in failed pension plans

Published October 27, 2014 CST

The maximum benefit the Pension Benefit Guaranty Corp. will guarantee to participants who retire at 65 in plans that the agency takes over next year will be $60,136, a 1.7% increase over the 2014 maximum, the PBGC said Monday.

PBGC $284K payout start of millions for ailing multiemployer pension plans

Published October 28, 2014 CST

The Pension Benefit Guaranty Corp. said Tuesday it has paid out more than $284,000 — the first of what will be millions of dollars in payments — to cover benefits for 365 participants in two insolvent multiemployer pension plans.

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.

Hartford offering to convert monthly annuity to cash lump sum

Published October 28, 2014 CST

Hartford Financial Services Inc. is offering 13,500 former employees the opportunity to convert their future monthly annuity into a cash lump sum.

Self-insurance institute takes fight over Michigan tax to Supreme Court

Published October 07, 2014 CST

PHOENIX — The Self-Insurance Institute will ask the Supreme Court to review a court decision that found a Michigan law imposing a 1% tax on paid health care claims is not pre-empted by the federal Employee Retirement Income Security Act.

HCA to acquire urgent-care provider, sets share buyback

Published October 28, 2014 CST

(Reuters) — HCA Holdings Inc., the largest U.S. hospital operator, on Tuesday announced a deal to acquire a Dallas-based provider of urgent-care services and said its board authorized the repurchase of up to $1 billion of its outstanding shares.