Commentary: Game on at the DOL means game on for employers. Are your employers prepared for a DOL audit? Are you prepared to advise them on what an audit involves and the fines for non-compliance?
With the Affordable Care Act looming large, employers turn to benefit outsourcing to keep their plans compliant.
An organization that could impact the work lives of agents and brokers who are licensed in multiple states was supposed to be included in the flood insurance bill that passed the U.S. House Tuesday evening, but the language for it was left out. What happened, and are brokers invested in this idea anyway?
Employers are begging for information on compliance with the Affordable Care Act, and as their benefit adviser you can and should offer them guidance or risk losing them to an adviser who will. Attorney Peter Marathas of Proskauer Rose LLP has outlined four ACA issues you should already be discussing with your clients.
Lawmakers in Maryland and Wisconsin are working to make retirement plans more readily available to private sector employees. Their efforts follow recently enacted California legislation that requires employers to contribute 3% of a workers salary to a retirement account.
Increasing the U.S. minimum wage may lift some workers out of poverty while leading to as many as 1 million job losses, according to a report from the Congressional Budget Office.
Republicans were trying to dismantle the ACAs risk corridor premium stabilization program as recently as this week but several factors, possibly including the insurance industry itself, took them off course.
This week started out with the much anticipated employer responsibility ruling and first shocked us with the additional employer mandate delay. But theres much more to the ruling that advisers and plan sponsors need to be aware of in the coming months.
Commentary: There are murky new ACA liabilities for your benefit agency. Craig Davidson shares how these potential liabilities lie with insurance protection coverage that you may need.
The employer coverage mandate and other ACA requirements relevant to employer sponsors of health and welfare plans will be discussed in detail as part of the ACA Update What Went Right, What Went Wrong And What Now? presentation at the Workplace Benefits Renaissance on Feb. 24, 2014.
Only time will tell if the presidents self-declared year of the executive order will solicit more action from Congress on legislation. But what are the immediate implications for employees who heard his State of the Union call for a minimum wage increase?
A long-fought battle to ease the burden of insurance brokers licensing procedures moved a step closer to reality on Thursday afternoon. Still, hurdles remain for NARAB, with passage in the House uncertain, and the White House scrutinizing some components of the language.
The legislation meant to cut through the red tape of state-by-state insurance broker licensing is stalled in the Senate as a standalone bill, but has been attached to another bill up for vote soon.
Employers should already be focusing on getting ready for 2015 and its an advisers job to tell them this. The play-or-pay penalties will be enforced next January. Benefits lawyer Peter Marathas, of the firm Proskauer Rose and its Health Care Reform Task Force team, says there are three areas advisers need to sit down to prepare their clients for today. [Images: Fotolia]
Among benefits-related cases in 2013, courts addressed offerings to same-sex couples, statute of limitations, remedies under ERISA and 401(k) plan fees. Heres a look at five cases that could have implications for your benefit plans in the year ahead.