SECURE Act 2.0, passed by Congress in December 2022, includes mandatory and optional changes to qualified retirement plans. SECURE is an acronym for Setting Every Community Up for Retirement Enhancement, and it builds upon SECURE 1.0, passed in 2019. As explained in this previous Employers...
Employers Council is collecting data for the annual Health, Welfare, and Retirement Plans Survey . The online questionnaire invitation for the survey has been sent to organizations via email with their unique surveys link. The survey will provide data for topics such as ...
As part of the Consolidated Appropriations Act of 2023, Congress passed the SECURE Act 2.0 in December 2022. SECURE is an acronym for Setting Every Community Up for Retirement Enhancement, and it builds upon SECURE 1.0, passed in 2019. The goal of the Act is to take steps toward addressing the...
Regulations related to the Affordable Care Act (ACA) are still being finalized. On December 12, 2022, the U.S. Department of Treasury, along with the Internal Revenue Service (IRS), issued final regulations making permanent the 30-day extension for furnishing Forms 1095-B and 1095-C to...
As open enrollment season starts across Colorado, some employers will be required to offer fertility coverage under a new Colorado law. In 2020, the state Legislature passed the Colorado Building Families Act, which required insurance plans to provide fertility coverage for plan participants....
The majority of employer-provided healthcare plans currently cover abortion procedures, although some states already ban the procedure. With the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization that overturns Roe v. Wa de, experts believe up to 26 states may enact laws...
When the 7 th Circuit Court of Appeals failed to uphold an action against the fiduciaries in Hughes v Northwestern, the plaintiffs took the case to the Supreme Court ( No. 19–1401. Argued December 6, 2021—Decided January 24, 2022 ). Employees investing in the plan alleged that Northwestern ...
The US Department of Labor (DOL) issued a report to Congress on January 25, 2022, which shows failures of health insurance plans to deliver parity in mental health and substance-use disorder benefits. As it said in the press release, the report has information suggesting health plans and...
A new Federal regulation aims at preventing unpleasant “surprise” health care billings for insurance participants for plan years starting on or after January 1, 2022. According to CMS, a “surprise” bill “is an unexpected bill from a health care provider or facility. This can happen when a...
Members are helping each other and discussing these two hot topics in the Community this week: PTO Balance upon Termination: A robust discussion about employer practices and state law. For reference, read our article about 2021 developments that impact Colorado employers. RFP templates...
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