Archive | November, 2011

Supreme Court News Regarding Health Care Reform

NAHU NEWS WATCH Technorati Tags: Supreme Court,Health Care reform Supreme Court Appoints Attorneys To Argue Healthcare Reform Case. Reuters (11/21, Vicini) reports that the Supreme Court has appointed attorney Robert Long, a partner at Covington & Burling, to argue that lawsuits against the individual mandate requirement are not allowed because the penalty has not been [...]

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Delay in the Summary of Benefits and Coverage Requirements

From the KT Health and Welfare Team: A few weeks ago we reported that DOL, IRS and CMS were considering a delay in the Summary of Benefits and Coverage requirements.  Currently, in the proposed regulations, the agencies anticipated an effective date of March 23, 2012.   This evening DOL announced that the effective date of the [...]

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IRS Increases Qualified Fringe Benefit for 2012

For 2012, the monthly limit on the amount that may be excluded from an employee’s income for qualified parking benefits will be $240, which is a $10 increase over the 2011 limit. The temporary increase in the combined limit for transit passes and vanpooling expenses that was in effect for 2011 (which made the combined [...]

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IRS Seeking Public Comment on 414d

Comments are requested on possible standards for determining if a retirement plan is a governmental plan under section 414(d) of the Internal Revenue Code.  This issue affects Federal, State, Local and Indian tribal governments and their employees. Read a more detailed summary of the guidance under consideration. Get in on the ACT! The IRS is [...]

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Michigan Imposes 1% Paid Health Claims Assessment

Technorati Tags: Michigan,Health Care,HICA Michigan Imposes 1% Paid Health Claims Assessment by Larry Grudzien, JD       November 9, 2011     On September 20, 2011, Michigan’s governor signed the Health Insurance Claims Assessment Act ("HICA").  Effective January 1, 2012, certain health insurance carriers and third-party administrators will be required to pay an assessment on specified [...]

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