Are the Disability Claims Procedure Regulations Final?

in Disability Plans

The answer is most likely.  In a prior post we discussed that on October 12th the Department of Labor provided for a 90-day delay to April 1, 2018.   Since that time the Department of Labor reviewed whether the new regulations created any undue burdens on plan sponsors.  In a notice published in today's Federal Register, the Department of Labor officially stated the new claims procedures apply for claims filed after April 1, 2018.  The DOL also indicated that it is still considering...Continue Reading

House Tax Bill Would Terminate Popular Welfare and Fringe Benefit Plans

in Tax Issues, Welfare Benefits, Wellness Programs

The Senate is back in session this week.  One of the most important items is the vote on the Senate’s version of 2017 tax reform.  As background, the House has already passed its 2017 tax reform bill.  The Senate’s version was approved by the Senate Finance Committee prior to Thanksgiving Break.  Now, it’s up to the full Senate to pass its tax reform bill, and if it does, then both the House and the Senate versions will be taken up by a joint House/Senate committee to craft a...Continue Reading

Tax Reform Contains Drastic Welfare Plan Changes

in Tax Issues, Welfare Benefits

As you may have heard, the House and Senate are currently considering separate tax reform bills.  If these separate bills are approved by the House and Senate, they will then go to a conference committee, whereby a single, unified bill will be drafted, and the House and Senate will vote again to approve the unified bill.

The current version of the House bill, which was approved today on a vote of 227 to 205, contains drastic welfare plan changes, including the elimination of dependent care...Continue Reading