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2010

Health Care Reform - The Good, the Bad and the Ugly... a Video Tour


Category: Compliance and Regulatory, Flexible Spending, Health Care Reform,

My good friend Dave Cleary (the Video Benefits Guy), has produced a nice overview of the massive Health Care Reform Legislation. He reviews and highlights the landmark changes to benefits and the very substantial new taxes on individuals and employers that you need to know about NOW.

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DOL Releases New Model COBRA Notices


Category: COBRA, Compliance and Regulatory,

ARRA, as amended by the Continuing Extension Act of 2010 (CEA), mandates that plans notify certain current and former participants and beneficiaries about the COBRA premium reduction.

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COBRA Update - New Model Notices, Fact Sheet and FAQs


The Department of Labor's Employee Benefits Security Administration COBRA page now has available updated Model Notices, Application for Expedited Review of Denial of COBRA Premium Reduction, Fact Sheet, and Frequently Asked Questions (FAQs) that reflect the provisions of the Continuing Extension Act of 2010.

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IRS Clarifies Rules Regarding Adult Dependents


On April 27, 2010, the IRS issued Notice 2010-38, relating to the tax exclusion for medical care reimbursement of adult children. These changes are a result of the two health care reform laws passed in March: the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act (HCERA).

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Your Health Insurer - is it the next regulated utility?


Sent From NAHU News

The New York Times (4/13, A16, Sack) reports, “Gov. Deval L. Patrick won the first round Monday in a legal dispute with health insurers over the state’s recent rejection of rate increases requested by the companies. Ruling in a lawsuit brought by the companies, Judge Stephen E. Neel of Suffolk Superior Court in Boston said he would not block the state from denying the increases because the insurers had not exhausted their right to appeal administratively.”

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Some small employers may get healthcare tax credit in 2010


Category: Health Care Reform,

As you may know, Health Care Reform has staggered effective dates for different changes. For example, the so-called “Cadillac Plan” excise tax is not effective until 2018. There are items that will be effective much sooner. One of those changes is the small employer health insurance tax credit which is available in 2010.

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Continuing Extension Act of 2010 (HR 4581) is now law


Category: COBRA, Compliance and Regulatory,

President Obama last night (April 15) signed the Continuing Extension Act of 2010 (HR 4581).  This bill contains two basic provisions applicable to COBRA and the ARRA (the full text applicable to COBRA is copied below for your review).

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Plan Sponsors get ready for new electronic 5500 Filing Requirements


Category: Compliance and Regulatory,

Getting Ready for EFAST2 discusses the 2009 plan year requirement to file IRS Form 5500 electronically. Plan sponsors have three options for entering data on the Form 5500 (and Schedules) and filing it electronically.

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COBRA Subsidy Extended to May 31, 2010


Yesterday, April 15, 2010, President Obama signed H.R. 4851, known as the "Continuing Extension Act of 2010" into law. The Act included an extension of unemployment benefits as well as an extension and improvement of premium assistance for COBRA benefits. The extension of COBRA benefits is effective immediately and retroactive to April 1, 2010.

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COBRA Subsidy Extension Clears Procedural Hurdle In Senate


Category: COBRA,

Late this afternoon, the Senate, by a vote of 60 to 34, invoked cloture on the motion to proceed to H.R. 4851, the Continuing Extension Act of 2010.

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COBRA Subsidy Extension Senate Vote Expected Today


Category: COBRA,

Congressional Quarterly: A 65 percent subsidy that helped laid-off Americans pay for their COBRA health insurance premiums expired March 31, just before the Congressional recess. Now, one of the first orders of business is voting on legislation that would extend that subsidy. “With 15 million Americans unemployed, some advocates for the jobless say Congress should not only be extending the COBRA subsidies but expanding them — either with more-generous subsidies or by changing the law to make more people eligible.”

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Legislative Update: COBRA premium subsidy extended


H.R. 4851 provides a one-month extension of the COBRA premium subsidy through April 30, 2010.

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COBRA subsidy expires following inaction by U.S. Senate


Category: COBRA,

Posted by: Keith L. Martin, IFAwebnews.com
April 1, 2010

While members of the U.S. Senate enjoy a spring recess, hundreds of thousands of Americans are wondering what will become of their health coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).

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The Patient Protection and Affordable Care Act


Category: Health Care Reform,

Revised March 30, 2010

After a year of debate, Congress passed comprehensive health care reform legislation. On March 21, 2010, the House of Representatives passed the Senate-version legislation, the Patient Protection and Affordable Care Act (H.R. 3590) (the “Affordable Care Act”) and a separate budget reconciliation bill, The Health Care and Education Reconciliation Act of 2010 (H.R. 4872) (the “Reconciliation Act”), which addresses the House Democrat’s desired modifications to the Affordable Care Act. The president signed the Affordable Care Act into law on March 23, 2010 and signed the reconciliation Act into law on March 30, 2010.

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More Details on Health Care Reform Legislation


Category: Health Care Reform,

I am providing links to two summaries on healthcare reform. These summaries are some of the best I have seen and can be forwarded to your clients and employees.  Each was prepared by the Kaiser Family Foundation. I have found them very helpful.

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