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September 9, 2010
VCP Relief for Sponsors of Pre-Approved Defined Contribution Plans
The IRS, in its Summer 2010 edition of Retirement News for Employers, explains some welcome relief for plan sponsors of pre-approved defined contribution plans that failed to adopt an approved restated document, or file for a determination letter application, by the April 30th deadline. These types of plans, with some exceptions, were to have been amended for the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) restatement deadline on or before April 30, 2010.
September 7, 2010
HRB 19 - Over-the-Counter Medication Prohibition Clarified
September 1, 2010
HRB 18 - Update: Early Retiree Reinsurance Program
HRB 17 - Simple Cafeteria Plans
August 30, 2010
HRB 16 - Federal External Claims Review: Interim Procedures and Model Notices
August 24, 2010
HRB 15 - Salary-based Discrimination Rules Applicable to Fully Insured Group Health Plans
August 19, 2010
HRB 14 - Pre-existing Condition Insurance Plan (“PCIP”)
August 6, 2010
Mandatory Medicare Reporting for HRAs Clarified
As mentioned in the June Benefit Beat (Updated Information: Mandatory Medicare Reporting for HRAs), the rules relating to the Mandatory Medicare Reporting for health reimbursement arrangements (HRAs) have been clarified. TheCMS Group Health Plan User Guide has been updated to reflect this. Of particular note, both “free-standing” and “imbedded” HRAs must comply with the mandatory reporting.
August 5, 2010
More HIPAA Privacy Rules Proposed
The American Recovery and Reinvestment Act of 2009 (ARRA) included a law known as the Health Information Technology for Economic and Clinical Health (HITECH) Act. The HITECH Act made several changes to the HIPAA privacy and security rules.
COBRA Subsidy Expired
The COBRA premium assistance subsidy, enacted as part of the American Recovery and Reinvestment Act (“ARRA”) in February, 2009, ended May 31, 2010, and has not been reinstated. Therefore, individuals who are involuntarily terminated after May 31, 2010, do not qualify for the subsidy. However, individuals who qualified for the subsidy on or before May 31, 2010 may continue to pay reduced premiums for the full subsidy period (15 months), as long as they are not eligible for another group health plan or Medicare.