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Most Recent Benefits Management News

Supreme Court could give definitive ruling on states' rights to ban gay marriage

By: Matt Dunning

Published December 21, 2014 - 6:00am CST

A definitive ruling by the U.S. Supreme Court on states' rights to ban gay marriage could come as early as June 2015, experts say, bringing welcome relief for employers and their benefits management staffs.

Multiemployer pension plan reform bill allows benefit cuts to avoid insolvency

By: Jerry Geisel

Published December 21, 2014 - 6:00am CST

Eleventh-hour congressional action last week ends any imminent risk of the collapse of big, massively underfunded multiemployer pension plans and the federal insurance program that guarantees a portion of participants' benefits, but long-term problems remain.

Health care reform developments dominate benefits management issues in 2014

By: Jerry Geisel

Published December 21, 2014 - 6:00am CST

Topped by the U.S. Supreme Court's decision to review whether individuals can obtain premium subsidies to buy health insurance in federal exchanges, developments related to the health care reform law dominated 2014.

2015 benefits management outlook shaped by courts and congressional changes

By: Jerry Geisel

Published December 21, 2014 - 6:00am CST

The U.S. Supreme Court and Congress will play key roles in the future of the health care reform law.

SIIA petitions Supreme Court to review Michigan health claims tax

By: Jerry Geisel

Published December 19, 2014 - 11:37am CST

The Self-Insurance Institute of America Inc. has formally petitioned the U.S. Supreme Court to review and overturn an appeals court decision upholding a Michigan law that imposes a 1% tax on paid health care claims.

California health exchange logs 144,178 new enrollees in first month

By: Jerry Geisel

Published December 19, 2014 - 11:32am CST

California, which has the biggest public health insurance exchange, says enrollment for 2015 is far ahead of the enrollment rate during a similar period last year.

Vermont governor dumps statewide universal health care law effort

By: Jerry Geisel

Published December 18, 2014 - 10:08am CST

Vermont is abandoning efforts to move to a publicly financed health care system to ensure universal coverage, Gov. Peter Shumlin said Wednesday.

More than 700,000 enroll through state insurance exchanges in first month

By: Virgil Dickson, Modern Healthcare

Published December 18, 2014 - 8:54am CST

Nearly 740,000 people have selected or re-enrolled into a qualified health plan across 13 state based-exchanges, according to state-released estimates.

NCR signs $160 million pension buyout deal

By: Jerry Geisel

Published December 17, 2014 - 11:43am CST

NCR Corp. on Wednesday said it is buying a group annuity to provide pension benefits to about 4,500 retirees and their beneficiaries.

Obama signs multiemployer pension measure into law

By: Jerry Geisel

Published December 17, 2014 - 10:13am CST

President Barack Obama on Tuesday signed into law legislation that will allow trustees of financially distressed multiemployer pension plans to cut participants' benefits to prevent the plans from becoming insolvent.

Lockheed Martin reaches agreement to settle 401(k) fee case

By: Hazel Bradford, Pensions & Investments

Published December 17, 2014 - 8:22am CST

A class action lawsuit brought by employees of Lockheed Martin Corp., Bethesda, Maryland, alleging excessive 401(k) plan fees is in the process of being settled.

Nearly 2.5 million enrolled in federal health plan exchange for 2015 to date

By: Jerry Geisel

Published December 16, 2014 - 3:05pm CST

Nearly 2.5 million individuals signed up for health insurance plans through the federal exchange during the first four weeks of the 2015 open enrollment, the Centers for Medicare and Medicaid Services reported Tuesday.

Public health exchange enrollment could increase up to 70% in 2015: Consultant

By: Jerry Geisel

Published December 16, 2014 - 12:47pm CST

Enrollment in public health insurance exchanges by the end of 2015 is projected to increase between 40% and 70%, with enrollment falling in a range of between 9.5 million and 11.5 million, a health care consultant estimates.

TRW Automotive Holdings agrees to annuity buyout with MetLife for U.S. retirees

By: Rob Kozlowski, Pensions & Investments

Published December 16, 2014 - 12:46pm CST

TRW Automotive Holdings Inc., Livonia, Michigan, purchased a group annuity contract from MetLife Inc. in a $440 million transaction to provide pension benefits to more than 7,000 TRW retirees and beneficiaries, said Shelly Iacobelli, director, pensions and benefits, in an email.

Employers take wait-and-see approach to private health care exchanges

By: Matt Dunning

Published December 16, 2014 - 11:34am CST

While employers' interest in private health insurance exchanges as an alternative health benefits delivery solution remains high, few companies appear willing to be counted among the early adopters, a survey shows.