Tag: benefits

Yahoo CEO Marissa Mayer’s New Year ‘Tips’ for HR Managers

The act that gained her the most notoriety was her rule that all employees must report to work at the physical office—no more telecommuting. The move was met with disapproval in many quarters (although Donald Trump reportedly approved). Some called it a step backwards for flexibility in the workplace, especially for women, who often count […]

Infographic on Health Care Costs 2014

This infographic via Mercer shows that although US health benefit cost growth slowed again in 2013, employers expect the rate of growth in per-employee cost of coverage to increase in 2014. “The good news is that employers have already taken decisive action to slow cost growth so they will be in a better position to […]

Health Benefit Costs: Calm Before the Storm?

According to the annual National Survey of Employer-Sponsored Health Plans by Mercer employers expect the rate of growth in the per-employee cost of coverage to rebound in 2014. View the infographic below for a summary of the findings.

Learn How New IRS Guidance on Windsor Affects Cafeteria Plans, FSAs, HSAs

On Dec. 16, the IRS issued clarifications on how the U.S. v. Windsor ruling on same-gender marriage affects the administration of cafeteria plans, flexible spending accounts and health savings accounts. IRS Notice 2014-1 is in the form of 10 questions and answers regarding midyear election changes, FSA reimbursements and contribution limits for HSAs and dependent […]

Court Multiplies Award, Saying Insurer Profited from Denial

Rather than merely finding that an individual was entitled to benefits due, a federal appeals court ordered an insurer to pay a large monetary award under ERISA based on the equitable theories of unjust enrichment and disgorgement of ill-gotten profits. The 6th U.S. Circuit Court of Appeals held that the insurer used money it should […]

High Court Ruling on ‘Stock-Drop’ Could Chase Company Shares out of 401(k)s

A brief from the U.S. Solicitor General recommending that the U.S. Supreme Court hear a “stock-drop” class-action case could make it the most important ERISA litigation of the High Court’s current term. Employee benefits attorneys watching the case’s progress say a High Court decision could deter employers from offering employer stock as a 401(k) plan […]

IRS Standard Mileage Rates Drop a Half-cent

Employers whose employees use their own vehicles business can now adjust their reimbursement forms and procedures for 2014, since the IRS released the standard mileage rates for the year in Notice 2013-80 on Dec. 6. The IRS also adjusted the reimbursement rate for miles driven for medical purposes or a relocation, also by half a […]

TPA May Not Be Sued for MHPAEA Violations, Court Rules

A third-party claims administrator may not be sued for violating the Mental Health Parity and Addiction Equity Act because the law by its terms applies only to group health plans and their insurers, a federal district court ruled. Related ERISA claims against the TPA were also dismissed because the company was not the “plan administrator” […]

Employers Face More Challenges in Covering Same-gender Spouses

Many hoped that the U.S. Supreme Court’s ruling in U.S. v. Windsor would clear up the confusion regarding what employers and plan administrators can and should do if they have employees with same-gender spouses. Alas, that was not to be. As 2014 approaches, employers face as many complications as ever. Rather than simplifying matters, the […]