On March 26, the justices will hear arguments on whether a challenge to the law's individual mandate that requires individuals to enroll in a qualified plan or pay a financial penalty can be imposed before the provision's January 2014 effective date. Read More
The drop in employment-based coverage is directly linked to the slump in the economy, according to the analysis, which is based on U.S. Census Bureau data.Read More
An earlier National Center for Health Statistics study found that about 1 million young adults gained coverage in the first quarter this year. Read More
Among other things, the high court will hear whether the law's individual mandate is constitutional. That mandate, effective in January 2014, requires individuals to enroll in a qualified health care plan or pay a financial penalty.
Changes in the maximum benefit guarantee, which will increase 3.4 percent next year, are linked to wage inflation.
The proposed rules would require employers to provide employees with an 'easy-to-understand' summary of benefits and coverage and, upon request, a glossary of commonly used health care coverage terms, such as deductible and copay.
Amid steadily rising costs, employers, especially larger organizations, continue to take action to try to hold down cost increases to more manageable levels, according to the Mercer survey.Read More
In 2004, as the corporate drive to freeze defined benefit plans was picking up momentum, only 45, or 7.1 percent of 633 Fortune 1000 companies with defined benefit plans, had frozen at least one plan, reports consultancy Towers Watson.Read More
Under the $5 billion Early Retiree Reinsurance Program set up as part of the health care reform law, approved plan sponsors have received partial reimbursement of claims they have paid.
As was the case in the prior fiscal year, the Pension Benefit Guaranty Fund did not incur any multibillion-dollar losses in fiscal 2011.Read More