By: Kristine Maher & Michaela Taylor
In a 7-2 decision, the U.S. Supreme Court issued its decision in Marietta Memorial Hospital Employee Health Benefit Plan v. DaVita, Inc. (No. 20-1641), holding that the health plan's reimbursement rates for outpatient dialysis do not violate the Medicare Secondary Payer Act (MSPA). Graydon analyzed the ...
If you sponsor a self-insured group health plan (or an HRA), make sure you set a calendar alert for July 31 to pay the annual PCORI fee (Patient-Centered Outcomes Research Institute fee) for the 2021 plan year. The PCORI fee and the related IRS Form 720 are due no later than July 31st. The updated form can be found here, and the PCORI fee is reported on Part ...
The IRS launched a new pilot program this month that will greatly benefit employee benefit plan sponsors if they act quickly. The new 90-day Pre-Examination Compliance Pilot Program not only gives plan sponsors an opportunity to correct plan errors prior to an IRS examination, but may reduce sanctions levied by the IRS or reduce the scope of an ...
Maintaining a retirement plan requires knowledge of the law and diligence in application by plan administrators, but even the most prudent administrator can make a mistake. Plan sponsors can often correct mistakes made by following the guidelines in Revenue Procedure 2021-30, otherwise known as the Employee Plans Compliance Resolution ...
As discussed in our prior blog post, the DOL has recently been more receptive to permitting retirement plan fiduciaries to consider Environmental, Social, and Governance issues (“ESG”) when considering investment funds. The DOL’s tentative acceptance of ESG factors in the last few years mirrors an increased participant demand for ...