Vigilant Blog

News, trends and analysis in employment law, HR, safety & workers' comp

Showing posts for: Employee Benefits

Nov 19 2010
Employee Benefits

Grandfathered status rules eased slightly

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

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Nov 01 2010
Employee Benefits

IRS offers relief to employers on W-2 health care cost reporting

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.

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Oct 08 2010
Employee Benefits

DOL issues more guidance on health care reform implementation

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…

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Sep 17 2010
Employee Benefits

New IRS guidance on reimbursement for OTC drugs

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…

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Sep 11 2010
Employee Benefits

Key date under health care reform looming

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…

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Sep 11 2010
Employee Benefits

New IRS form helps employers calculate health coverage tax credit

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

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Sep 08 2010
Employee Benefits

Grandfathered status: Digging down on collectively bargained plans

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…

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Sep 03 2010
Employee Benefits

Employer liable for failing to properly investigate 401(k) fees

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…

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Sep 01 2010
Employee Benefits

Health Care Reform: Grandfathered status not an option for most employers

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…

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Aug 31 2010
Employee Benefits

New federal PCIP plan established; contains employer “anti-dumping” rule

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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