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With unemployment at historic lows and student debt at historic highs, it’s no wonder that employers are considering fresh types of benefits plans to attract talent. Some companies are offering student loan repayment benefits linked to their 401(k) plans, a practice which recently received a green light from the IRS in a private letter ruling. Though the ruling is not comprehensive and applies only to one company’s practice (pharmaceutical firm Abbott Laboratories), the decision provides guidance on how the IRS might rule in other cases. 

When the Obama administration issued guidance defining discrimination under the ACA to include denying certain benefits to transgender individuals, many employers began including new protocols for approving and covering certain benefits.

Those requirements appear to be shifting in the face of recent court cases as well as an expected new rule from Health and Human Services (HHS). While nothing is final yet, we’ve received a few questions from clients and wanted to address the status of this evolving issue. 

Fall River clients have complimentary access to HR360, a comprehensive online Human Resources portal designed to help you comply with employment and benefit laws in all 50 states. With HR360, you’ll find easy, step-by-step guidance on a broad range of laws and policies. Even non-clients can check it out at no cost! Learn how HR360 can make your life easier!

Monday, 24 September 2018 15:05

The Fate of ACA Depends on a Texas Courtroom

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The partisan battle over the Affordable Care Act (ACA) heated up once again during the first week of September, when Judge Reed O’Connor in Fort Worth, Texas heard arguments from Republican attorneys general stating that the ACA is unconstitutional.  Although it may take a few weeks or even months for the judge to render his decision, the healthcare industry continues to speculate about the potential implications for the market, individuals, and employer group plans.  The crux of the issue is around the individual mandate and the preexisting condition protections that the ACA introduced.

The Medicare Part D Notice is just one of the many compliance responsibilities to which most employer health plans are subject. Since this notice is due in just a couple of weeks, continue reading for what you need to do.

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