Updates

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Employers Need Guidance on Fiduciary Rule Monitoring Requirements

The ERISA Industry Committee (ERIC) submitted comments to the Department of Labor (DOL) on the fiduciary rule and the uncertainty surrounding a plan fiduciaries’ monitoring obligations… More

protected content MHP, Emergency Centers, The HIT, New Reform Proposals and More!

Greetings from ERIC headquarters today, where we are preparing for a coming battle over ACA market stabilization, planning the ERIC Fall Policy Conference, and much more. I’ve got some quick hits for you today, so let’s get to it… More

ERIC Comments on Nevada Fiduciary Rule

The ERISA Industry Committee (“ERIC”) is pleased to submit comments to the Nevada Securities Division on Senate Bill 383 (“S.B. 383”), the law imposing a statutory fiduciary duty on brokers- dealers and investment advisers, and the effect proposed regulations, if adopted, would have on small business as defined under Nevada law… More

protected content Mortality Table Update & Fiduciary Rule

Treasury has officially passed the final mortality table update rule to the Office of Management and Budget (OMB) for review. This is the last step in the regulatory review process. But, as requested by ERIC, the rule has been deemed “economically significant” by the Treasury Department… More

Comments to HHS on Mental Health Parity and the Mental Health Reform Act

To Whom It May Concern: The ERISA Industry Committee (“ERIC”) is pleased to submit these comments in response to the Department’s stakeholder input efforts pursuant to the 21st Century Cures Act and the Mental Health Reform Act contained therein … More

New Survey Highlights How Employers are Innovating in Spite of Rising Health Care Costs

Today’s release of the National Business Group on Health’s (NBGH) annual survey highlights the important role large employers play as innovators in the health care system, their interest in how health care is delivered and paid for, and the increased availability of telemedicine… More

protected content DOL Request for Comments on the Fiduciary Rule

ERIC, in response to a request from the Department of Labor, will be submitting comments later this week reguarding the fiduciary rule and prohibited transaction exemptions… More

protected content What’s next for the ACA, FDA bill goes to President, HPID victory, and more!

hope you are all having a good week. It’s supposed to be recess here in Washington, but the Senate remains in session so things are happening big league over here. Last night saw a slew of nominees approved, legislation is being proposed, passed, and signed, and the Administration continues working on a great deal of regulatory relief. I have a couple updates for you, so let’s get to it… More

protected content PBGC Premium Legislation & New Webinar

The purpose of this update is to announce a members-only webinar on PBGC premium policy and to provide you with an overview of newly introduced legislation in the House of Representatives that seeks to give premium relief primarily to small businesses… More

Regulatory Burdens Threatening Retirement Plans

The ERISA Industry Committee (ERIC) submitted comments to the U.S. Department of Treasury outlining ways to reduce regulatory burdens for retirement plans… More

protected content Alert: New Hampshire § 1332 Waiver Tabled

On July 19, New Hampshire posted its proposed Section 1332 waiver application, seeking to curb high insurance premium increases by establishing a reinsurance program. The projected rate increase for the individual market is 40%, and it was estimated the waiver's actions would reduce it to 32%… More

protected content Alert: Massachusetts Governor Signs Budget - Employer Assessment Still Pending

Governor Baker recently signed the Massachusetts FY2018 budget, which includes $29.4 billion in spending, but he also vetoed $320 million from the Legislature’s version of the budget… More

protected content Aftermath of Senate Health Activity

As ERIC predicted, after the Senate voted to proceed to debate on the House-passed American Health Care Act (50 to 50, with Vice President Pence breaking the tie), the Senate held a number of votes on substitute replacement proposals… More

Senate Misses Opportunity to Protect and Improve Health Care

The United States Senate last night missed an extraordinary and historic opportunity to begin fixing our nation’s broken health care system by reducing damaging taxes, empowering patients with improved consumer-driven health options, and stabilizing the individual markets, many of which may currently be in a death spiral… More

protected content ERIC and Epstein Becker Green Release Summer 2017 Edition of Benefits Litigation Update

The Summer 2017 edition of the Benefits Litigation Update, prepared by Epstein Becker Green and ERIC is now available. The Benefits Litigation Update is a quarterly publication that takes recent legal cases that matter for health and retirement plan sponsors and boils them down to their most important takeaways… More

protected content Health Reform Update

This afternoon the U.S. Senate voted to proceed to a floor debate of H.R. 1628, the House-passed American Health Care Act. GOP Senators Lisa Murkowski and Susan Collins voted against the motion, but with the remaining 50 members in favor, Vice President Pence was able to break the tie… More

protected content Alert: New Jersey Telehealth Bill Signed into Law

New Jersey’s telehealth bill was signed into law by Governor Christie over the weekend. The new law allows the patient-provider relationship to be established via telehealth (with verification steps), provides for the same standard of care as for in-person services, and requires “interactive, real-time, two-way communication technologies” for telehealth services… More

protected content Alert: New Jersey Paid Family Leave

On Friday, July 21, Governor Chris Christie signed a conditional veto of Assembly Bill 4927. The bill would have amended the state's existing paid family leave laws to expand the definition of family member, double the duration of leave, and increase the amount of benefits received… More

protected content Fiduciary Rule, Tax Reform, and More….

It has been a busy week. And, as I type this message, I see that Sean Spicer has resigned. I wonder how SNL will handle this sudden loss of comedic material. In any event, let’s take a look at a number of issues that popped up in the last 48 hours in DC and a few states… More

protected content ACA Repeal Update, Survey Results, and More

The Senate’s push toward a vote on repealing and replacing the Affordable Care Act (ACA) came to a head on Monday night, as conservative Senators Mike Lee (R-UT) and Jerry Moran (R-KS) announced that they would not support the motion to proceed to the bill, for various reasons … More

Coalition to Protect Retirement Sends Letter to Senators Hatch and Wyden

Today, ERIC signed onto a letter sent to Senator Hatch and Senator Wyden on behalf of the Coalition to Protect Retirement, of which ERIC is a founding member. This coalition is comprised of trade associations that represent retirement plan sponsors, administrators, service providers, and related financial institutions… More

protected content Webinar on Fiduciary Rule Check-Up

Over a month has passed since the implementation date of the fiduciary rule (with other provisions taking effect on January 1, 2018). We will hold a webinar on Tuesday, July 25th at 3:30 p.m. (EDT) to discuss how plan sponsors have been impacted since implementation and gather information to assist in the development of a comment letter to the Department of Labor… More

ERIC Joins Others in Supporting Section 127 of Internal Revenue Code

In response to Senate Finance Committee Chairman Orrin Hatch's request for submissions on tax reform, ERIC signed onto a letter that was sent to Sen. Hatch and the Committee's Ranking Member, Senator Ron Wyden… More

protected content BCRA Update, HHS RFI on ACA Regs, Commonwealth on Rx Pricing, and the NYT Discovers Value-Based Ins

By now you have likely seen that the Senate GOP has released a new draft of the Better Care Reconciliation Act (BCRA), their legislation to “repeal and replace” the Affordable Care Act (ACA). We’ll go through the major changes, as well as some other updates… More

ERIC Comments to HHS on ACA Regulatory Reforms

The ERISA Industry Committee (“ERIC”) is pleased to comment on the request for information by the Department of Health and Human Services (HHS) and the Centers for Medicare and Medicaid Services (CMS) on June 8, 2017, concerning regulatory actions within HHS jurisdiction that could be taken to reduce the burdens of the ACA… More

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