The standards that ERISA fiduciaries owe to the plans they oversee have been called “among the highest duties known to law... more exacting than the duties imposed upon common law trustees.” In recent years, ERISA fiduciaries of retirement plans have experienced heightened scrutiny from plan Continue Reading
Key 2022 Updates for Health and Welfare Plans
The Bottom Line Employers should carefully review and prepare for 2022 compliance modifications and new requirements, and should monitor future developments. In particular, the IRS may start more aggressively pursuing ACA penalties and taxes against employers if the good faith transitional Continue Reading
Employee Relations Law Journal | Bostock, Section 1557, and Transgender Benefits in Self-Funded Health Plans
Historically, many benefit plans contained exclusions for gender dysphoria treatments, including gender affirmation surgery. The reasons for this exclusion may have been the result of a number of considerations, including, at a basic level, managing the costs of the plan. However, in recent years, Continue Reading
Employee Relations Law Journal | DOL Expands Access to Association Health Plans
New Law Allows Small Employers to Offer Standalone HRAs
The Bottom Line Small employers can now use HRAs to fund their employee’s health insurance premium costs. However, it is unclear at this time whether this option will be attractive to small employers or if it will be eclipsed by other anticipated changes to the ACA. On December 13, 2016, Continue Reading