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Senate Issues Revised Version of ACA Repeal-and-Replace Bill

HR Daily Advisor

The revised version of the bill includes a “consumer freedom” amendment to the ACA that would allow consumers to purchase lower-premium catastrophic plans with stripped-down coverage; the current law requires all plans to provide certain minimum essential health benefits. Before joining CER in 2005, Ms.

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U.S. Supreme Court: ‘Church Plan’ Need Not Be Established by a Church to Qualify for ERISA Exemption

HR Daily Advisor

The Employee Retirement Income Security Act of 1974 (ERISA) generally requires private employers offering pension plans to adhere to a lengthy list of rules designed to ensure plan solvency and protect plan participants. Church plans, however, are exempt from those requirements. Supreme Court’s Ruling.

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401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. More recently, attention has been given to encouraging employees to save more through automatic enrollment in the plan, automatic escalation in contribution percentages, and catch-up contributions for employees aged 50 and older.

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Trumpcare 2.0: Senate Releases Highly Anticipated Healthcare Bill

HR Daily Advisor

The tax credits would also cover leaner plans than they do now. Provides for a 1-year defunding of Medicaid reimbursements to Planned Parenthood, as does the AHCA. Jennifer Carsen, JD, is a Senior Legal Editor for BLR’s human resources and employment law publications, focusing on benefits compliance.

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CBO: $194 Billion Deficit Increase If Key ACA Subsidies End In 2017

HR Daily Advisor

The Affordable Care Act (ACA) requires insurers to offer plans with reduced deductibles, copayments, and other means of cost sharing to certain people, depending on their income, who pur­chase plans through the ACA marketplaces. Before joining CER in 2005, Ms. More information is available in the full CBO report.

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COBRA Continuation Coverage: Who Pays?

HR Daily Advisor

Most employers are aware that the Consolidated Omnibus Budget Reconciliation Act (COBRA) requires group health plans sponsored by covered employers to allow qualified beneficiaries to have “COBRA continuation coverage” in the event that they lose group health plan coverage for specified reasons.

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Flexible Spending Accounts (FSAs): 2 Exceptions to ‘Use-It-or-Lose-It’

HR Daily Advisor

Note: This article references content from The Flex Plan Handbook, with thanks to editor Rich Glass of Mercer, LLC. Arrangements outside a cafeteria plan adjusting salary to compensate for health FSA for­feitures may jeopardize the qualification of the FSA under Section 125 because this could be viewed as impermissible risk-shifting.