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March 21, 2020

The International Foundation of Employee Benefits Plans recently published a report titled Trends in Multiemployer Trustee Boards: 2019 Survey Results, outlining the complexity and challenges individuals face while serving on multiemployer fund boards. The report aggre...

March 10, 2020

Effective in 2020, penalties for failing to timely file a Form 5500 have increased substantially. As a reminder, retirement and health and welfare plans must file the form yearly with the Employee Benefits Security Administration (EBSA) at the end of the seventh month...

March 5, 2020

A recent case from a Louisiana district court emphasizes the importance of keeping records of required COBRA notices. In the case, a former employee claimed she never received a notice of her right to elect COBRA coverage after she was terminated from employment, and f...

February 29, 2020

While health plans must provide medical benefits in accordance with a multitude of federal laws such as the Affordable Care Act, Mental Health Parity and Addiction Equity Act, HIPAA, and Americans with Disabilities Act, health plans still have a wide range of latitude...

February 16, 2020

The Pension Benefit Guaranty Corporation (PBGC) announced in January that it has approved a facilitated merger of two multiemployer pension plans, the Laborers International Union of North America 1000 Pension Fund and the Laborers Local 235 Pension Fund. This is the f...

January 28, 2020

In mid-December, Congress passed and President Trump signed the Bipartisan American Miners Act, a bill intended to rescue the multiemployer pensions of retired coal miners. Coal miners’ pensions are in dire straits as coal mining companies have consistently been closin...

January 14, 2020

Private health insurance costs have skyrocketed this decade. The Kaiser Family Foundation recently reported that private health insurance spending has grown over 50% per capita in the last ten years, compared to just 21.5% growth in Medicare spending and 12.5% growth i...

January 1, 2020

The Pension Benefit Guaranty Corporation (PBGC) recently released its Fiscal Year 2019 Annual Report. The PBGC acts as an insurer and guarantees a pension benefit to retirees if their pension plan should be unable to pay benefits. The report notes a record deficit of $...

December 30, 2019

Many health plans are struggling over the decision to cover gene therapies, a type of medical procedure which treats diseases by manipulating genes at the cellular level. On one hand, a certain gene therapy procedure may be the only option to cure an otherwise incurabl...

December 25, 2019

More and more health plans are providing low- or no-cost wellness benefits. While this may be an upfront cost to plans, it often reflects long-term cost savings as participants remain healthy or become healthier. Health plans may consider providing the following popula...

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