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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.

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.

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.

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.

Employers taking action to avoid ACA excise tax

Published October 16, 2014 CST

Forty percent of employers say they expect at least one of their health care plans to be affected by a health care reform law-authorized excise tax — unless they act — with many already taking steps to reduce the likelihood that they will be hit by the tax.

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.

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.

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.

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.

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.

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.

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.

New Orleans mayor creates pension reform group to sustain firefighters plan

Published October 22, 2014 CST

New Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.

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.

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.

PBGC taking over underfunded plan of manufacturer that filed for bankruptcy

Published October 17, 2014 CST

The Pension Benefit Guaranty Corp. said Friday that it is taking over the underfunded pension plan of Reichhold Inc., a Durham, North Carolina-based resin manufacturer that filed for bankruptcy last month.

EEOC suits contend wellness programs violate disability law

Published October 12, 2014 CST

The EEOC recently filed lawsuits against two Wisconsin companies that underscore the need for more clarity on rules that govern employers' use of financial incentives to motivate employee participation in workplace wellness programs.

Self-insured group coverage comes under attack

Published October 12, 2014 CST

PHOENIX — The Self-Insurance Institute of America Inc. is mobilizing for battle as self-insured group health insurance comes under attack from lawmakers at the state and federal levels.

Medical evacuation services draw line at flying out Ebola patients

Published October 10, 2014 CST

(Reuters) — Leading companies offering medical evacuation services are drawing a line at flying Ebola patients out of West Africa for treatment abroad as the cost and the complexities of the deadly epidemic grow.

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.

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.

About 250 firms plan to offer health benefits next year via Mercer's health exchange

Published October 13, 2014 CST

Nearly 250 employers will offer health care benefits to current and retired employees through Mercer L.L.C.'s “Marketplace” private health insurance exchange in 2015.

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.

Quad/Graphics drops direct health care contracting, switches to Anthem network

Published October 12, 2014 CST

Quad/Graphics Inc., a longtime national leader in direct health care contracting, is canceling its roughly 400 medical provider contracts in Wisconsin and shifting to Anthem Inc.'s national network effective Jan. 1, 2015.