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How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

Today, we’re going to look at Medicare entitlement in the context of retiree health plans—as well as what happens to participants in your retiree plan if you decide to eliminate this coverage. Accordingly, it’s more common for Medicare entitlement to act as an initial qualifying event in retiree health plans. Hamburger, Esq.,

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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. from Williams College.

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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. designer491 / iStock / Getty Images Plus.

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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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An Introduction to Cafeteria Plans: Permitted Tax-Exempt and Taxable Benefits

HR Daily Advisor

By definition, cafeteria plans allow employees to choose between cash and a variety of employer-provided benefits without having to include the value of their chosen benefits as taxable income. Cafeteria plans are popular because they allow employees to design individualized benefits programs that suit their own special needs.

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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. Carsen was a Legal Editor at CCH, Inc. from Williams College.

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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. Rules for Premiums.