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Legislation Delays Cadillac Tax and Health Insurance Tax

On Jan. 22, 2018, Pres. Trump signed H.R. 195 into law. The main purpose of this legislation was to continue funding government operations and reauthorize the Children’s Health Insurance Program (CHIP) for six more years. However, it also impacts several provisions of...

DOL Disability Claim Regulations Become Effective April 1, 2018

On Jan. 5, 2018, the DOL issued a news release that sets the applicability date for the final disability claim regulations. In order to allow stakeholders more time to submit comments, the DOL delayed the originally scheduled applicability date by 90 days, which moved...

CMS Publishes 2019 Actuarial Value Calculator Methodology

On Dec. 28, 2017, CMS finalized the 2019 actuarial value (AV) calculator methodology, which only contained small changes from the draft calculator reported on in the Nov. 14, 2017, Compliance Corner. The AV calculator is designed by HHS and CMS to help estimate the AV...

Two District Courts Enjoin Contraceptive Mandate Exemptions

Two federal district courts have enjoined the Trump Administration’s expansion of the moral and religious exemptions to the PPACA’s contraceptive mandate. As background, back in October 2017, the HHS, Treasury Department and DOL (the Departments) jointly issued...

IRS Revises Form 5300

On Nov. 29, 2017, the IRS released a revised Form 5300, which employers use to apply for a determination letter for qualified plans. The updated Form has been reduced by seven pages and reflects the changes imposed by Rev. Proc. 2016-37. Specifically, the updated Form...

DOL Finalizes Extension of Fiduciary Rule Transition Period

On Nov. 29, 2017, the DOL finalized an extension of the Fiduciary Rule’s (the Rule) transition period. As background, the Rule became effective on June 9, 2017. However, the best interest contract (BIC) exemption and other related prohibited transaction exemptions...

DOL Publishes Final Rule Delaying Disability Claims Regulations

On Nov. 29, 2017, the DOL published final regulations providing a 90-day delay – through April 1, 2018 – of the effective date of the final regulations concerning claims procedures for plans that provide disability benefits. As background, on Oct. 12, 2017, the DOL...