Fidelity said April 11 that the number of health savings accounts it administered in 2011 jumped to 119,000, up 61 percent compared with 74,000 in 2010, its greatest annual increase.Read More
The market value of pension plan assets increased by about $37 billion to about $1.246 trillion in 2011. But the value of plan liabilities leaped by about $133 billion to about $1.573 trillion.
At issue in the final day of oral arguments on health care reform was whether the individual mandate, which requires most U.S. residents to enroll in a qualified plan or pay a financial penalty, is so intertwined with the broader law that the entire law would fall if the court rules the mandate is unconstitutional.
The Obama administration, which is defending the Patient Protection and Affordable Care Act, said Congress had such authority due to its constitutional power to regulate interstate commerce.Read More
Forty percent of employers want the high court, which is hearing oral arguments this week on the constitutionality of the Patient Protection and Affordable Care Act, to strike down the 2010 law. Still, employers are far from being united in favor of repealing it.Read More
Benefit experts had hoped the administration would provide another extension, but none was provided in a batch of frequently asked questions issued March 19 by the departments of Health and Human Services, Labor and Treasury.
Under one administration suggestion, TPAs could fund the coverage through rebates they receive from drug manufacturers that the TPA is not contractually liable to forward to the affiliates.Read More
Centers for Medicare and Medicaid Services said student health insurance policies must provide annual coverage limits for essential benefits of at least $500,000 for policy years beginning on or after Sept. 23, 2012, but before Jan. 1, 2014.Read More
Under the ERRP, early retiree health care sponsors are reimbursed for 80 percent of claims—up to $90,000—after a participant incurs $15,000 in expenses.Read More