The Department of Labor has announced a delay, until April 1, 2018, for revised regulations changing the claims procedures governing disability benefits. These regulations have caused some confusion, as employers try to understand the impact of these rules. This note will try to shed some light on the issue. Timing The delay does not [...]
ERISA requires a plan to provide participants with certain documents including Summary Plan Descriptions (“SPD”), Summary of Material Modification (“SMM”) and Notice of Privacy Practices (“NPP”). This white paper has been developed to provide guidance on distribution of this material. It is important to note that Vanner cannot be relied upon to provide legal [...]
The deadline for furnishing individual statements under Sections 6055 and 6056 for 2017 has been extended for 30 days. Good-faith transition relief from penalties has also been extended for 2017 reporting. The due date for filing returns with the IRS for 2017 is not affected.
The Senate has now passed its version of a revamp to the tax code (H.R. 1). The legislation makes significant changes to many provisions of the code, including dramatic changes to corporate and individual taxation. The bill now goes on to a conference committee to reconcile differences with the bill passed by the House of [...]
Paid Family Leave is employee funded insurance that provides job-protected, paid time off to: Bond with a newly born, adopted, or fostered child; Care for a family member with a serious health condition; Assist loved ones when a family member is called to active military service abroad. Eligibility: Employees with a regular work schedule of [...]
President Trump has issued an executive order to encourage the use of alternative health coverages. The order seeks to expand the use of association health plans, short-term limited health coverage and health reimbursement accounts. The order could, over time, shake up health insurance markets – but, buyer beware.
Proposed regulations will transfer control over key decisions from the federal government to individual states and insurance companies. The proposed regulations do not, directly, make significant changes to the health insurance coverages offered under ACA. However, they set the stage for such changes to occur in coming years.
ACA Update The past few weeks have been a wild ride in the U.S. health insurance marketplace, with new regulations, executive orders, and administrative pronouncements coming at a furious pace. In effect, in lieu of passing health care legislation, the Trump Administration seems to be doing everything possible to unravel the Affordable Care Act [...]
Please read this notice carefully and keep it where you can find it. This notice has information about your current prescription drug coverage with [Insert Name of Entity] and about your options under Medicare’s prescription drug coverage. This information can help you decide whether or not you want to join a Medicare drug plan. Information [...]
The State’s new Paid Family Leave program has tax implications for New York employees, employers, and insurance carriers, including self-insured employers, employer plans, approved third-party insurers, and the State Insurance Fund. We have reviewed the New York statute, implementing regulations, and applicable laws, case law and federal guidance, and we have consulted with the Internal [...]