The August Monthly Minute highlights new IRS guidance addressing student loan matching programs, HHS’s increases to civil monetary penalties and Form 5330 paper filing updates....more
8/28/2024
/ Benefit Plan Sponsors ,
Civil Monetary Penalty ,
Department of Health and Human Services (HHS) ,
E-Filing ,
Employee Benefits ,
Employees ,
Employer Contributions ,
Employer Group Health Plans ,
Employer Liability Issues ,
Filing Requirements ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HIPAA Privacy Rule ,
HIPAA Security Rule ,
IRS ,
Medicare ,
Privacy Laws ,
Required Forms ,
SBC ,
SECURE Act ,
Student Loans
The April Monthly Minute looks at a recent court decision highlighting ERISA’s preemptive power in response to a 401(k) garnishment claim and explores the DOL’s latest steps towards creating an online search tool intended to...more
The February Monthly Minute discusses a class action suit alleging a breach of fiduciary duties in connection with ERISA benefit plan prescription drug pricing and the latest IRS guidance on defined contribution plan...more
2/28/2024
/ Benefit Plan Sponsors ,
Breach of Duty ,
Defined Contribution Plans ,
Drug Pricing ,
Employee Retirement Income Security Act (ERISA) ,
Employees ,
Employer Liability Issues ,
ERISA Litigation ,
IRS ,
Pharmaceutical Industry ,
Pharmacy Benefit Manager (PBM) ,
Prescription Drugs ,
Savings Plans ,
SECURE Act
The IRS just couldn’t wait for Christmas to gift everyone Miscellaneous Changes Under the Secure 2.0 Act of 2022! Notice 2024-2 is meant to provide guidance on discreet issues to assist with SECURE 2.0 implementation...more
Happy Holidays! The December Monthly Minute includes a fiduciary checkup reminder and a look at HHS’ recent settlement stemming from a phishing attack that impacted ePHI of nearly 35,000 individuals....more
12/21/2023
/ Benefit Plan Sponsors ,
Contract Negotiations ,
Data Breach ,
Data Protection ,
Data Security ,
Department of Health and Human Services (HHS) ,
Electronic Protected Health Information (ePHI) ,
Employee Retirement Income Security Act (ERISA) ,
ERISA Litigation ,
Fiduciary Duty ,
Fiduciary Rule ,
HIPAA Privacy Rule ,
Investment Adviser ,
Phishing Scams ,
Policies and Procedures ,
Privacy Laws ,
Request for Proposals ,
Settlement
The November Monthly Minute digs into the new proposed LTPT regulations, 2024 benefit limits, and the NBA health plan fraud verdict.
Indigestion from Turkey and Stuffing or the IRS’ Proposed LTPT Regulations?...more
11/29/2023
/ Benefit Plan Sponsors ,
Cost-of-Living Adjustment (COLA) ,
Criminal Prosecution ,
Employee Benefits ,
Employer Liability Issues ,
Healthcare Fraud ,
IRS ,
Proposed Rules ,
Regulatory Requirements ,
Retirement Plan ,
SECURE Act
In the October Monthly Minute, we highlight a 6th Circuit decision that puts a spotlight on the adequacy of claim procedures and related judicial standards of review, and review the Supreme Court’s unwillingness to enter the...more
The February Monthly Minute addresses new IRS electronic filing requirements, the extension of pre-deductible telehealth coverage, and the end of the public health and national emergencies’ impact on benefit plan coverage and...more
2/28/2023
/ Benefit Plan Sponsors ,
Coronavirus/COVID-19 ,
Electronic Filing ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Final Rules ,
Health Insurance Portability and Accountability Act (HIPAA) ,
IRS ,
Public Health Emergency ,
Regulatory Agenda ,
Telehealth ,
Vaccinations ,
Virus Testing
On December 23, 2022, FAQs were released outlining late-breaking RxDC Reporting Relief. Of note -
1. For the 2020 and 2021 data submissions that are due by December 27, 2022, the Departments will not take enforcement...more
The September Monthly Minute reports on the IRS’ new amendment extension deadline with respect to coronavirus-related distributions and qualified disaster distributions, a recent $131.8 million settlement stemming from...more
9/28/2022
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Filing Deadlines ,
Fraud ,
Healthcare ,
Individual Retirement Account (IRA) ,
Investment ,
Investors ,
IRS ,
Relief Measures ,
Retirement Plan ,
SECURE Act ,
Stocks ,
Tax Extensions ,
Tax Litigation
In the August Monthly Minute, we explore the IRS’ recent announcement delaying the deadline to amend retirement plans for SECURE Act and CARES Act changes....more