Are your clients prepared for a 401(k) plan audit? When the Employee Benefits Security Administration knocks on the door and starts requesting plan documents, financial records, account statements, contracts and more, it can be overwhelming. The best offense is a good defense, so be prepared. Take a glimpse into a recent audit and the laundry list of documents requested.
House Republicans attempts to stay the Affordable Care Acts individual mandate continued yesterday as they argued for a contentious bill that would delay implementation of penalties for failing to comply with the health insurance mandate.
The Obama administration last week said it will offer relief to consumers unable to purchase health insurance through state-run exchanges that have been hampered by technical difficulties.
At a Republican think tank-sponsored forum on Thursday, congressmen from the right touted a patient and doctor-focused fix to health reform, but remain split on whether to repeal or make piecemeal changes to the Affordable Care Act. They also voiced concerns about employees ability to make ends meet as a consequence of the law.
The federal government recovered a record $4.3 billion during the past fiscal year from people and companies that attempted to defraud health care programs, according to two U.S. agencies.
At this week's Workplace Benefits Renaissance in Atlantic City, much buzz surrounded the changing industry landscape under the ACA, with most people agreeing benefit advisers looking to stake their claim on this new terrain need to focus less on brokering to confused employers and more on advising them.
A panel of voluntary carriers shares tricks of the trade at EBAs Workplace Benefits Renaissance in Atlantic City, N.J.
The employee benefit advisers role is a critical one that must be protected in dealing with the sheer confusion of the Affordable Care Act, Sen. Kelly Ayotte told NAHU members at the organizations annual Capitol Conference, where she also proposed several GOP-led repairs to the law.
Among the top Republican alternatives to the Affordable Care Act are bills that focus on price transparency, income taxes changes and tort reform, the Republican National Committees Sharon Day told attendees at NAHUs annual Capitol Conference.
As federal funding for state-run SHOP exchanges runs out in 2015, voluntary benefits may be the key to exchange sustainability, according to Ryan Howells, vice president and general manager of Connecture.
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.
LIMRA survey finds 70% of advisers predict the ACA will slash group medical sales, with many saying health care reform will drive employers out of the market altogether.
Its never too early for employers to examine ways they can minimize their exposure to the 40% excise tax slated to take effect in 2018 on so-called Cadillac-style health plans under the Affordable Care Act.
Commentary: Arkansas failed on Feb. 19 to renew the state's expansion of Medicaid and blogger Cyndy Nayer says this will lead to a series of problems for the state.
The Department of Health and Human Services has yet to release any data on the number of small businesses that have enrolled in the Affordable Care Acts Small Business Health Options Program, angering lawmakers who have been prodding the agency for answers.