Tag: benefits

Small Amounts Left in Retirement Accounts Add up to Big Sponsor Costs

As U.S. employment mobility has increased, one result of an estimated 9.5 million job changes a year has been a large number of defined contribution retirement accounts left behind at former employers. These often are small in dollar value, but can become a more costly and “insidious” problem than many plan sponsors realize. Small accounts […]

CMS Postpones Reform Reinsurance Fee Reporting

The Centers for Medicare & Medicaid Services has extended the deadline for contributing entities (or entities reporting on their behalf) to submit annual enrollment counts on which they will base their contribution amounts under health care reform’s transitional reinsurance program. The deadline is now 11:59 p.m. on Dec. 5, 2014. Reporting on that date also […]

DOL Supports State Laws Barring Low Stop-loss Attachment Points

State laws barring stop-loss policies with low attachment points are not preempted by ERISA, the U.S. Department of Labor said in Technical Release 2014-01. Ten states have passed such laws, many of them since the advent of the Affordable Care Act. When small groups self-insure, they are subject to proportionately larger impacts from particular expensive claims, have […]