Regulators at the Departments of the Treasury (IRS), Labor (DOL) and Health and Human Services (HHS) recently issued an amendment to earlier guidance on grandfathered health plans, permitting plans to change insurers without losing grandfathered status (Health Care Reform Blog, or contact
Read More…issued a notice stating that such reporting would be voluntary for the 2011 tax year. Employers should expect that the reporting requirement will be mandatory for the 2012 tax year, but Vigilant will update you as developments occur.
Read More…The U.S. Department of Labor (DOL) says it will focus on helping employers and health plans understand and apply the new health care reform law. Recently the DOL posted new guidance on its website. Some of the highlights are:interim regulations state that more than a five percent decrease in the employer’s…
Read More…The IRS recently issued guidance on section 9003 of the Patient Protection and Affordable Care Act (PPACA), which prohibits health flexible spending arrangements (FSAs) and health reimbursement arrangements (HRAs) from reimbursing expenses for over-the-counter (OTC) medications and drugs obtained without a prescription (Tips: If Vigilant administers your cafeteria plan, we…
Read More…September 23, 2010, a key date under this year’s federal health care reform legislation, is just around the corner. What does this mean for you? It means that your health plan must be in compliance with the following health care reforms, beginning on the first day of your plan’s next plan…
Read More…The IRS has Form 8941, the form that small businesses and tax exempt organizations will use in claiming the small business health care tax credit for 2010. The small business health care tax credit is one component of this year’s federal health care reform package. It
Read More…At Vigilant, we have received many questions about how the grandfathered status rules apply to our member employers’ health plans. In previous 1. I have both union and non-union employees participating in a single plan. How do I know if my plan is considered to be “collectively bargained” under the health care reform…
Read More…An employer who invested its employees’ 401(k) contributions in the retail class of mutual fund shares, which bore a higher expense load than the institutional class of shares, was found guilty of breaching its fiduciary duty to properly investigate the fund classes. The employer tried to defend itself by arguing that it…
Read More…Wondering where other employers stand on the grandfathering issue? A recent Grandfathered status allows your plan to avoid compliance with some federal health care reform mandates, but the rules on maintaining grandfathered status are very restrictive and will prevent you from making the kinds of plan or premium contribution changes…
Read More…75 Fed Reg 45014, July 30, 2010). In order to be eligible for the program, an individual must be a citizen or national of the United States or lawfully present in the United States, must not have been covered under creditable coverage during the six-month period prior to applying for…
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