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Finance/Taxes

HHS, Labor Survey to Ask Employers About Wellness Programs

July 13, 2011
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As part of the survey, 3,000 employers will be contacted to assess the prevalence and types of corporate wellness programs, as well as the use of employee incentives.
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Wisconsin to Review Health Savings Accounts for State Employees

July 11, 2011
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State lawmakers approved legislation that revised the state’s tax law to follow the 2003 federal law that established HSAs and excludes HSA contributions from employees’ taxable income.
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Third-Party Carriers to Employee Benefits Plans Can Be Sued Under ERISA

June 27, 2011
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The 9th U.S. Circuit Court of Appeals circuit court June 23 decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
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CMS Says More Than Half of Early Retiree Health Reimbursement Fund Paid Out

June 23, 2011
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As of May 27—the latest date reimbursement information for the Early Retiree Reinsurance Program is available—just over $2.7 billion had been paid out, up from $2.4 billion as of May 3, and $1.7 billion as of March 17.
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McKinsey Issues Statement on Controversial Health Reform Survey Results

June 22, 2011
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In the statement released June 20, the consulting firm said the 1,300 respondents ranged in size from organizations with less than 20 employees to those with more than 10,000 employees.
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Report: Working Women 'Markedly Less Confident' About Retirement than Men

June 17, 2011
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Uncertainty among women stems largely from a lack of knowledge about financial products and services, resulting in investments that may be too conservative to outpace inflation.
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Democrats Question Validity of McKinsey Health Care Plan Survey

June 17, 2011
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The survey of more than 1,300 employers of varying sizes found that 30 percent 'definitely' or 'probably' will stop offering coverage after 2014.
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New PBGC Rules Deny Benefit Guarantees After Employer Seeks Bankruptcy

June 15, 2011
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If an employer filed for bankruptcy and continued its plan after bankruptcy, with the PBGC later taking over the plan, benefits earned by participants while the employer was in bankruptcy would not be guaranteed by the agency.
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Survey Says 30 Percent of Employers May Drop Health Care Coverage After 2014

June 8, 2011
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Employers that drop coverage would pay an annual penalty of $2,000 for each full-time employee, a fraction of the typical cost of group plans
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EEOC Proposes Records Rule on Genetic Information Nondiscrimination Act

June 7, 2011
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The 2008 law prohibits employment discrimination based on genetic information. The EEOC said that employers already have this record-keeping requirement with respect to Title VII of the Civil Rights Act of 1964 and the Americans with Disabilities Act.
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