Association Health Plans Will Profoundly Affect the Health Plan Marketplace

in Affordable Care Act, Health Benefits

A newly issued proposed rule significantly relaxes the Department of Labor requirements that currently limit the availability of association health plans (AHPs) and if finalized in its currently form will profoundly affect the health plan marketplace.  An AHP is a type of a multiple employer welfare arrangement (MEWA) which, with the proposed changes, would allow unrelated employers and certain self-employed individuals who are “working owners” to band together to purchase health...Continue Reading

Final Tax Legislation – Provisions Affecting 401(k) Plans

in Qualified Plans, Retirement Plans, Tax Issues

By Sterling Perkinson and Harrison Taylor

While tax reform proposals considered by Congress were rumored to include major changes like significantly lower limits on pre-tax contributions to 401(k) plans, the separate bills passed by the House and Senate included more modest changes for retirement plans. (See our prior blog posts on these bills here and here.) The final tax legislation passed under reconciliation rules left out most of these changes, but retained two provisions impacting...Continue Reading

Final Tax Bill Impacts Transportation Fringe Benefit Plans

in Tax Issues, Welfare Benefits

Late on December 15th, the House-Senate Conference Committee released the final tax bill.  The House and Senate molded the differences between the previous House and Senate versions, with most of the Final Tax Bill looking very similar to the prior Senate version.  The next step is for the House and Senate to each vote on the Final Tax Bill.  As of today, the House is scheduled to vote Tuesday, December 19th on the Final Tax Bill, and the Senate vote may be the same day or the next day. ...Continue Reading

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