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January 19, 2012
DOL releases 2011 Form 5500
The DOL has released advanced copies of the 2011 Form 5500 series. Plan administrators of employee welfare benefit and pension plans subject to ERISA must file an annual return/report to the DOL on the Form 5500. The Form 5500s and appropriate schedule information are to be completed and filed electronically via DOL's EFAST2 website (http://www.efast.dol.gov). The 2011 information-only 5500 forms, schedules and instructions are available from the DOL’s website.
Updates for California Employers
San Francisco Health Care Security Ordinance
January 6, 2012
HRB 44 - Additional IRS Guidance on W-2 Reporting Requirement
January 3, 2012
Tapping into the Benefits of CRM in Your Business (article)
December 21, 2011
HRB 43 - Year-end Wrap Up
In 2011, the governing Agencies (HHS, IRS and CMS) were busy issuing a multiplicity of guidance relating to health care reform, including:
December 12, 2011
HRB 42 - Final Minimum Loss Ratio Regulations Issued and ERRP Closes
Final Minimum Loss Ratio Regulations Issued
One of health care reform’s more challenged provisions relates to what is known as the minimum loss ratio (MLR) rules. These rules require insurers issuing individual and group health plans to spend a certain amount of premium dollars on medical care and health care quality improvements. And, if the insurer does not meet the required target, a rebate is owed to the policyholder and subscriber.
December 9, 2011
Evaluating Vendor Risk...An Emerging Best Practice (article)
December 3, 2011
USERRA Expanded to Recognize Hostile Work Environments
The Uniformed Services Employment and Reemployment Rights Act (USERRA) was enacted to ensure continuation of benefits, including health insurance and pension, as well as reemployment and reinstatement rights to individuals called to military duty. The law applies to all public and private employers, regardless of size. On November 21, 2011, President Obama signed the Veterans Opportunity to Work (VOW) to Hire Heroes Act (Public Law 112-56). Similar to current Title VII protections, this law amends USERRA to provide further employment protection against hostile work environments by prohibiting discrimination with respect to any of the terms, conditions or privileges of employment.
Updates: San Francisco Health Care Security Ordinance
HRAs Used to Satisfy the Employer Spending Requirement
December 2, 2011
New DOL Consumer Assistance Website
The DOL’s Employee Benefit Security Administration (EBSA) has unveiled a new Consumer Assistance segment on their website. This section provides resources, tools, finding devices, FAQs, fact sheets and publications relating to health and retirement plans. It also allows one to submit questions, complaints or problems about benefits directly to an EBSA benefit advisor.