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protected content “Health Week” vs “Employer Week,” Rx Battle, Biosimilars Plan, and More!

According to sources on Capitol Hill, next week the House of Representatives will vote on a number of health-related bills. They have not revealed exactly what those bills will be, but we do have some information… More

protected content IRS Final Rule; New Legislation; Tidbits of Info

On Tuesday, a group of four Senators (two Republicans and two Democrats) introduced 4 bills that focus on retirement and emergency savings. The primary bill that impacts large employers would be the first one listed below – The Strengthening Financial Security Through Short-Term Savings Act… More

ERIC is Working to Make Prescription Drugs More Affordable

The ERISA Industry Committee (ERIC) today submitted comments to the Department of Health and Human Services (HHS) in response to its request for information related to the HHS Blueprint to Lower Drug Prices and Reduce Out-of-Pocket Costs… More

ERIC Submits Comments to HHS on the President’s “American Patients First” Blueprint

Today, ERIC submitted comments to the Department of Health and Human Services (HHS) in response to its Request for Information related to the HHS Blueprint to Lower Drug Prices and Reduce Out-of-Pocket Costs… More

protected content Draft Rx RFI Comments, HSA Markup Noticed

I just wanted to share that the House Ways and Means Committee officially announced their HSA markup. Here's the lineup. If you look at my update from last week, we were pretty spot-on in terms of predictions… More

protected content Family Leave, Lifetime Income, Rothification

The Senate Finance Committee has scheduled a hearing to discuss Paid Family Leave. The hearing will be before the Subcommittee on Social Security, Pensions, and Family Policy… More

protected content PBM vs. Employers? HSA markup next week, ESRD threat rising, and more

Reported in Politico Thursday morning, one of the Big Three PBMs sent this letter to Secretary of Health and Human Services (HHS) Alex Azar. The letter was in response to Azar suggesting that PBMs do not want lower list prices for drugs, and in it, the PBM says they do in fact want lower list prices – but the letter focuses mostly on out-of-pocket costs… More

protected content Alert: State & Local Retirement Program Updates

I would like to take a minute to provide a few updates on retirement programs and proposals across the country, at both the state and local levels. Below you will find information on a newly proposed local plan, two regulatory updates for states' secure choice programs, and a reminder on how to gain exemption from OregonSaves… More

Legislative Proposal to Expand SCP

ERIC, along with other organizations, sent a letter to Senators Orrin Hatch and Ron Wyden with a proposal to restructure IRS operations. The proposal would direct the IRS to expand the self-correction program within the IRS’s Employee Plan Compliance Resolution System, to enable businesses with retirement plans to more easily correct common mistakes… More

Joint Association Letter Regarding Missing and Unresponsive Participants

On behalf of the undersigned organizations, we thank you for the meeting we had with your senior staff on May 16 regarding the issue of missing and unresponsive participants and beneficiaries. While we were sorry you could not attend, we had a productive dialogue with staff from the Department of Labor’s Employee Benefits Security Administration (EBSA)… More

protected content Alert: Bills Requiring Report on Employers with Employees on State Medical Assistance

We wanted to bring to your attention a couple of concerning bills that are similar in nature to Minnesota House Bill 3572, which ERIC alerted you to earlier this year (it saw no movement before session ended). These bills would require a state report on employers with employees on the states’ public health programs… More

ERIC Works to Bring Clarity to Mental Health Parity Laws

ERIC today filed comments with the Departments of Health and Human Services, Labor, and Treasury on mental health parity compliance. The comments focused on the time needed for plan sponsors to prepare for and come into compliance with new requirements, more stakeholder input on the processes, definitions, and interpretations by the agencies, and flexibility by the agencies in enforcing the MHPAEA rules… More

protected content Alert: Massachusetts One Step Closer to Paid Family Leave

Things are moving quickly in Massachusetts for paid family and medical leave. In just the past two days the state legislature reached a compromise, voted on the measure in both chambers, and passed it without amendment… More

ERIC Submits Letter to HRC on its Corporate Equality Index

We are writing about some of the new criteria added to the 2019 Corporate Equality Index (CEI) announced by the Human Rights Campaign (HRC)… More

protected content ERIC Victory! Michigan HICA Repealed

The repeal of Michigan’s health insurance claims assessment (HICA) was signed by Governor Snyder this morning and was filed with the Secretary of State this afternoon as Public Act 0173’18… More

protected content HSA Update, Rx Activity, and What’s Next for “Repeal and Replace”

The House Ways and Means Committee held it’s hearing on expanding consumer-driven health plan options, and there were not many surprises… More

protected content Determination Letter & HRC Letter

First, I would like to share the link to the comment letter we provided the IRS on the Determination Letter Program. Click HERE for the final letter… More

ERIC Provides Guidance on Determination Letter Program

ERIC continues to provide guidance to the U.S. Department of the Treasury and Internal Revenue Service on the determination letter program… More

ERIC Praises House Ways & Means Committee Before Health Care Hearing

ERIC joins others in thanking the House Ways and Means Committee for holding a hearing on expanding consumer-driven health plan options… More

ERIC Urges Michigan Governor to Repeal Tax on Health Care Claims

In place since 2012, the one percent tax on health insurance claims (of both insured and self-insured plans) was paid by plan administrators for medical services rendered in the state to Michigan residents. ERIC had long held that the tax violated a provision of the Employee Retirement Income Security Act (ERISA), which pre-empts state and local laws that relate to employee benefit plans… More

protected content Alert: ERIC Victory! Louisiana Reinsurance Proposal Dead

Louisiana House Bill 472, which we have been alerting you to, can now be considered dead. This bill would have created a reinsurance program (in conjunction with House Bill 246) funded through an assessment on health insurers, health maintenance organizations, group self-insurers, and third-party administrators… More

Employer Groups Call for Suspension of Tax Assessments and Repeal of the Employer Mandate

The ERISA Industry Committee (ERIC) joined a number of employer trade associations to call upon the U.S. Department of the Treasury, the Department of Health and Human Services, and the Internal Revenue Service to end the illegal enforcement of the Affordable Care Act’s employer mandate… More

protected content Alert: Michigan HICA Up for Repeal

Michigan’s health insurance claims assessment (HICA), which began in 2012 to fund the state’s Medicaid program, is once again up for repeal… More

protected content Update on New Opioids Bill, “Health Reform Revival,” Administration Rx Plan Summary, Mental Health

Despite the election year politics, there is actually a surprising amount of activity here in Washington on both the regulatory and legislative fronts – in fact the Senate Finance Committee just announced that it will be moving forward an HHS nominee on Thursday… More

protected content New Survey on IRS Determination Letter; PBGC; Financial Wellness Huddle

In 2016, we surveyed members regarding the upcoming closure of the IRS determination letter program for individually designed qualified retirement plans. Recently, the IRS announced in Notice 2018-24 that they would receive comments from the public on recommendations to expand the determination letter program for individually designed plans during 2019 to certain circumstances beyond initial plan qualification and termination… More

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