ERIC is pleased that the Department of Labor has released much-needed guidance on missing participants. As plan sponsors who voluntarily offer retirement plans, our member companies share the agency’s goal of ensuring that every participant receives the benefits they have earned.
Topic Archives:
ERIC Victory: Ohio Governor Signs Surprise Billing Legislation
On January 8, Governor DeWine signed HB 388 into law. The bill creates a reasonable, market-based benchmark in surprise billing situations, taking the patient out of the middle, and providing certainty to plans, plan sponsors, patients, and providers in the state.
ERIC Wins: Ohio Surprise Billing and Ohio PSYPACT Legislation
Today, ERIC is sending Governor DeWine a letter asking for his support and signature of the bill. We hope the Governor will sign the surprise billing initiative, as HB 388 will save money for Ohio businesses, and will ensure a much simpler, more straightforward, fair resolution to situations involving fully-insured plans.
ERIC Win: Ohio Senate Committee Passes Surprise Billing Bill
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ERIC Victory: Treasury/IRS Confirm January 4 Payment Date for Pension Contributions
In guidance issued today, the Treasury and IRS acknowledge the delayed contribution date for pension plans. Notice 2020-82 confirms that the due date for delayed contributions under CARES Act Section 3608 is January 4, 2021.
DOL Finalizes Rule on ESG Investing
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New DOL Rule Creates Certainty and Consistency for Fiduciaries
ERIC is pleased that the Department of Labor took our concerns seriously when considering the final rule on ‘Factors in Selecting Plan Investments.’ We especially appreciate the Department, including our asks to use the terms ‘pecuniary’ and ‘non-pecuniary’ instead of ‘ESG’ and easing some documentation requirements.
ERIC Applauds Louisiana Governor for Expanding Access to Telemedicine
Interstate compacts give large employers, like ERIC member companies, the ability to expand their health benefit offerings in the state. Compacts broaden the pool of providers, reducing provider shortages, allowing patients to have more options for accessing care. They also improve market competition and boost healthcare quality and affordability for patients throughout the state.
New Health Care Pricing Transparency Regulation Will Help to Lower Costs
ERIC applauds the Trump Administration for releasing the “Transparency in Coverage” final rule, which will require insurance companies and employers to ensure health care prices are available to consumers.
ERIC Win: Michigan Governor Approves Surprise Billing Legislation
Governor Whitmer signed HB 4459, which will now ban balance billing for out-of-network services that are delivered at in-network facilities, as well as in emergency rooms, and specifies that providers will be reimbursed based on the average negotiated in-network rate in that region, or 150 percent of Medicare rates.