In 2013, the Department of Health & Human Services (“HHS”) announced a transitional policy that allowed insurers to renew non-grandfathered health insurance plans in the individual and small markets that did not comply with certain ACA mandates. This transitional relief is only available for individual and small market ...
It’s no secret that multiemployer pension plans, like most defined benefit plans, are underfunded. Unfunded pension liability, also referred to as employer withdrawal liability, creates substantial risks for more than the employers obligated to make contributions to these multiemployer pension plans. Multiemployer ...
Today, the DOL released the much anticipated fiduciary rule. The final regulations create a new playing field for certain investment professionals, which were previously not governed by ERISA’s fiduciary standards and rules governing prohibited transactions.
Citing a need to create better safeguards and protect ...
David M. Pixley
Under the ACA, non-grandfathered group health plans must limit enrollees’ out-of-pocket costs for essential health benefits. Under the final HHS Notice of Benefit and Payment Parameters for 2017, the HHS bumped up the out-of-pocket maximums. HHS based its calculations on two factors, the cost sharing limit for 2014, which ...