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Unity Health uses FSA carry-over option to ease employee stress over lost money

By: Jerry Geisel

Published September 28, 2014 - 6:00am CST

Adding an automatic carry-over feature to employees' flexible spending accounts has taken the pressure off Unity Health Care Inc. employees who contribute to FSAs.

PBGC to take over James River Coal pension fund

By: Hazel Bradford, Pensions & Investments

Published September 24, 2014 - 2:32pm CST

The Pension Benefit Guaranty Corp. will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.

PBGC proposing to require employer disclosure of lump-sum pension offers

By: Jerry Geisel

Published September 24, 2014 - 9:37am CST

The Pension Benefit Guaranty Corp. has disclosed that it intends to require employers to report to the agency offers they make to pension plan participants to convert their monthly annuity to a cash lump sum benefit.

Voluntary benefits could hold key to health care reform excise tax

By: Matt Dunning

Published September 23, 2014 - 3:04pm 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.

New health care tax looms for many employers who don't change plans

By: Jerry Geisel

Published September 23, 2014 - 3:02pm CST

Without design changes to their health care plans, nearly half of large employers could be liable for a federal excise tax created by the health care reform law when it takes effect in 2018, according to a new analysis by Towers Watson & Co.

American Benefits Council asks Washington for simplified retirement approach

By: Hazel Bradford, Pensions & Investments

Published September 23, 2014 - 1:44pm CST

Employers need more flexibility and simplicity in providing retirement and other benefits, officials with the American Benefits Council said Tuesday as they unveiled a strategic plan for where employee benefits should be in 2020.

House approves bill defining full-time employees as those working 40 hours

By: Jerry Geisel

Published September 19, 2014 - 3:24pm CST

For the second time this year, the House of Representatives approved legislation to ease the health care reform law's definition of a full-time employee by changing it to those working an average of at least 40 hours per week.

Insurance groups hail House approval of capital standards bill

By: Mark A. Hofmann

Published September 17, 2014 - 11:43am CST

Insurance groups are welcoming the House's approval on Tuesday of legislation that would give the Federal Reserve more leeway in determining accounting standards.

App developers seek clearer U.S. health data privacy guidelines

Published September 16, 2014 - 8:49am CST

(Reuters) — Developers of apps for mobile devices are asking a U.S. agency to clarify its rules for protecting patient health information to reflect the fast-evolving technology.

2013 California workers comp reforms will define market for years to come

By: Bill Kenealy

Published September 14, 2014 - 6:00am CST

DANA POINT, Calif. — Legislative actions at the state and federal level will continue to define the California workers compensation market for years to come, according to experts monitoring the effect of recent workers comp reforms in the state.

Marietta, Georgia, extends pension benefits to married same-sex couples

By: Matt Dunning

Published September 12, 2014 - 2:25pm CST

The city of Marietta, Georgia, has extended spousal benefits under its pension plan to legally wed same-sex couples.

U.K. pension funding deficit doubles in August

Published September 09, 2014 - 11:24am CST

(Reuters) — A funding shortfall in Britain's private-sector defined benefit pension plans has more than doubled over the past year to reach 170.6 billion ($278.54 billion) at the end of August.

Appeals court upholds gay marriage rights in Indiana, Wisconsin

By: Matt Dunning

Published September 04, 2014 - 5:16pm CST

The 7th U.S. Circuit Court of Appeals in Chicago ruled unanimously Thursday in favor of gay and lesbian couples seeking equal marriage rights and benefits in Indiana and Wisconsin.

Full appeals court to review legality of premium subsidies in federal exchanges

By: Jerry Geisel

Published September 04, 2014 - 12:13pm CST

A federal appeals court Thursday agreed to review a lower court ruling striking down health care reform law premium subsidies for lower-income individuals purchasing coverage in the federal insurance exchanges.

Congress faces pressure to resolve multiemployer pension woes

By: Jerry Geisel

Published August 31, 2014 - 6:00am CST

When federal lawmakers passed the Employee Retirement Income Security Act in 1974, they put aside a key issue affecting a big slice of the pension universe: multiemployer plans.

Landmark ERISA pension reform law sees mixed results 40 years after implementation

By: Jerry Geisel

Published August 31, 2014 - 6:00am CST

Forty years after President Gerald Ford signed the first comprehensive pension reform bill into law, the Employee Retirement Income Security Act has produced successes and failures.

Florida exclusive remedy ruling may upend workers compensation system

By: Sheena Harrison

Published August 31, 2014 - 6:00am CST

Injured workers in Florida might be able to receive both workers compensation benefits and civil liability damages should an appeal filed last week by the Florida attorney general's office.

GALLERY: ERISA timeline

Published August 31, 2014 - 6:00am CST

Since ERISA was enacted 40 years ago, lawmakers have made numerous changes to the statute. This slideshow chronicles some key revisions and amendments.

IRS issues draft copies of health care coverage reporting forms

By: Jerry Geisel

Published August 29, 2014 - 2:54pm CST

The Internal Revenue Service has issued draft copies of the health care coverage forms employers will have to provide to full-time employees and to the IRS starting in 2016.

Flexible spending account cap expected to rise in 2015

By: Jerry Geisel

Published August 29, 2014 - 2:49pm 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.

Washington health exchange plans double; average rates rise 1.9%

By: Rachel Landen, Modern Healthcare

Published August 28, 2014 - 2:35pm CST

Consumers in Washington state will have more choices in health plans next year and at rates lower than initially proposed, according to information made public by the state's Office of the Insurance Commissioner.

Cincinnati to cover employee gender reassignment surgery

By: Matt Dunning

Published August 28, 2014 - 1:20pm CST

Cincinnati will offer coverage for medically necessary transgender procedures under its employee health care plans beginning in 2015, according to city officials.

HealthCare.gov to be run by Connecticut exchange leader

By: Darius Tahir, Modern Healthcare

Published August 26, 2014 - 3:57pm CST

The leader of one of the most successful state-based insurance exchanges will head to Washington to become CEO of the federal marketplace. The CMS named Connecticut's Kevin Counihan to the newly created post on Tuesday.

NCCI proposes 2.5% workers comp rate decrease for Florida in 2015

By: Stephanie Goldberg

Published August 26, 2014 - 12:25pm CST

The National Council on Compensation Insurance Inc. has proposed a statewide workers compensation rate decrease in Florida for the first time in four years, the Florida Office of Insurance Regulation said.

Obama administration floats new prescription contraceptive rules

By: Jerry Geisel

Published August 22, 2014 - 3:09pm CST

The Obama administration sought to end a long-running controversy by proposing new ways to enable employees of nonprofit religiously affiliated organizations for prescription contraceptives.

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