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Most Read Benefits Management News

IRS releases draft of employer reporting form for health reform law compliance

Published July 25, 2014 CST

The Internal Revenue Service has issued draft versions of the reporting forms most employers will begin using next year to show that their group health insurance plans comply with the health care reform law.

House plan to sue Obama over employer-mandate delay moves forward

Published July 25, 2014 CST

A resolution authorizing the House of Representatives to sue President Barack Obama for exceeding his constitutional authority by delaying the employer mandate in the federal health care law cleared the House Rules Committee.

Colorado insurance exchange CEO jumps to Cigna

Published July 25, 2014 CST

Patty Fontneau, CEO of Connect for Health Colorado, will leave her position at the state's health insurance exchange in mid-August to become president of Cigna Corp.'s private exchange business.

Aetna says Coventry purchase boosted second-quarter profit

Published July 29, 2014 CST

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, reported a higher second-quarter profit that beat analyst expectations, helped by last year's acquisition of Medicare and Medicaid provider Coventry Health Care.

PBGC takes over pension plan sponsored by estate of Victor Posner

Published July 29, 2014 CST

The Pension Benefit Guaranty Corp. is taking over and terminating the underfunded pension plan sponsored by the estate of one-time businessman and corporate raider Victor Posner.

Health insurers to pay $330M in premium rebates

Published July 24, 2014 CST

(Reuters) — U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama's health care reform law, the HHS said on Thursday.

Humana says profit fell on health reform, drug costs

Published July 30, 2014 CST

(Reuters) — U.S. health insurer Humana Inc. on Wednesday said second-quarter profit fell due to investments in the exchanges created under President Barack Obama's health care reform law as well as costly new hepatitis C drug treatments.

WellPoint medical cost ratio drives second-quarter profit beat

Published July 30, 2014 CST

(Reuters) — U.S. health insurer WellPoint Inc. on Wednesday reported a decline in second-quarter profit, but its closely watched medical costs as a percentage of premiums ratio improved and it beat Wall Street estimates.

ACA creation didn't violate constitutional rules on new taxes: Appeals court

Published July 30, 2014 CST

A federal appeals court Tuesday upheld a lower court ruling that Congress did not violate a U.S. constitutional requirement that tax-related legislation must originate in the House of Representatives when it passed the Patient Protection and Affordable Care Act in 2010.

Appeals court rules Virginia same-sex marriage ban invalid

Published July 28, 2014 CST

A federal appeals court in Richmond, Virginia handed a significant legal victory to gay and lesbian couples seeking equal marriage rights and benefits on Monday by declaring that state's laws banning same-sex marriage invalid.

10.3 million gained insurance under Obamacare: Study

Published July 24, 2014 CST

About 10.3 million Americans have gained insurance coverage since the full implementation of Obamacare last year, according to an analysis published Wednesday in the New England Journal of Medicine.

D.C. appeals court strikes down ACA insurance subsidies for federal exchanges

Published July 22, 2014 CST

A federal appeals court has ruled the Obama administration cannot subsidize insurance premiums for nearly 7 million Americans, dealing a serious blow to the Patient Protection and Affordable Care Act.

New actuary tables may be 'nail in the coffin' for DB plans

Published July 23, 2014 CST

The measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.

Benefit costs, regulations remain top HR concerns: Gallagher survey

Published July 21, 2014 CST

Rising health care costs and evolving regulations continue to be the top human resources challenge facing employers, and many companies are struggling to effectively meet that challenge, according to a new survey.

Supreme Court ruling will test range of health reform's contraceptive mandate

Published July 20, 2014 CST

The U.S. Supreme Court's pivotal ruling last month that the federal government cannot force family-owned, private employers to directly provide contraceptive coverage could have wider reaching implications for private companies and benefits administrators.

BROKER BEAT: Alper Services L.L.C.

Published July 29, 2014 CST

Business Insurance Associate Editor Bill Kenealy speaks with David Macknin, president of Alper Services L.L.C., about issues currently affecting the Chicago-based insurance brokerage.

Federal exchange premium subsidies still available while lawsuits proceed

Published July 23, 2014 CST

The Obama administration has said it will continue providing premium subsidies for health care plans purchased through federally run public exchanges, pending a final resolution of two lawsuits seeking to limit their availability.

House Speaker Boehner unveils plan to sue Obama over delay of ACA employer mandate

Published July 11, 2014 CST

Speaker of the House John Boehner, R-Ohio, has released a draft resolution to authorize the House of Representatives to sue President Barack Obama for regulatory action that delayed a health care reform law provision.

4th Circuit upholds premium subsidies for state and federal health exchanges

Published July 22, 2014 CST

The 4th U.S. Circuit Court of Appeals on Tuesday unanimously upheld the federal government's right to issue premium subsidies for health insurance purchased in both state- and U.S.-operated public exchanges.

Federal agencies issue guidance clarifying numerous health care reform rules

Published July 06, 2014 CST

Employers can impose a one-month orientation period before a 90-day waiting period starts to either offer qualifying employees group health insurance or face a penalty, according to the latest federal guidance on complying with the health care reform law.

Cheyenne city council votes to end employee wellness program

Published June 13, 2014 CST

Citing financial strain on the municipal workers, the city council of Cheyenne, Wyoming, has voted to abandon the city's employee wellness program, despite evidence that it improved nearly one-third of participating employees' health risk profiles.

Many employers keep or expand benefits to domestic partners to retain talent

Published July 20, 2014 CST

As marriage equality gains momentum in courts and legislatures nationwide, it remains to be seen how the changes will affect employers' long-term benefit strategies for same-sex and opposite-sex domestic partners.

TPAs are stuck with the bill in health reform contraception coverage dispute

Published July 20, 2014 CST

Even before rulings in Hobby Lobby Stores Inc. and Wheaton College court cases, third-party administrators were paying millions of dollars for contraceptive services on behalf of their religious organization clients that automatically qualified for an exception to this coverage mandate.

Amending Illinois Constitution a tough path for pension reform

Published July 18, 2014 CST

If Illinois' new pension law is found unconstitutional, which looks more likely in light of a recent Illinois Supreme Court decision, one obvious remedy is to amend the constitution.

Former Anheuser-Busch workers win enhanced pension benefits after subsidiary sale

Published July 15, 2014 CST

Hundreds of former Anheuser-Busch Companies Inc. employees are owed enhanced retirement benefits under the terms of the company's pension plan, a federal appeals court ruled last week.