Regulation

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.

Industry experts say the new regulations will be announced soon, but many benefit brokers are hoping its release is pushed back.

It is not unheard of for violations to cost a company millions of dollars plus attorney’s fees. An employer could also end up paying for their ex-employees’ health coverage if premiums are collected improperly.

While only a small sector of employers will be impacted by the coming decision, a ruling in favor of the petitioner could encourage future contests to the health law’s mandates, experts predict.

While only a small sector of employers will be impacted by the coming decision, a ruling in favor of the petitioner could encourage future contests to the health law’s mandates, experts predict.

Affordable Care Act’s loopholes and inefficiencies are creating losses among carriers and they, in turn, are pressing advisers, says Sally Pipes, president and CEO of the Pacific Research Institute.

From the Affordable Care Act to the EEOC’s retaliation guidance, the world of benefits law is always rapidly evolving, says lawyer Richard Meneghello.

The key issue for benefit plan sponsors in Zubik v. Burwell is whether the Affordable Care Act’s contraceptive-coverage mandate requirements and its accommodation violate the Religious Freedom Restoration Act.

Faced with rising insurance premiums, employees are poised to change the rules of the game by demanding cost transparency and quality information, says adviser Mark Gaunya.

Employer clients that have yet to start preparing for the proposed changes are already falling behind, lawyer Tammy McCutchen said during SHRM’s legislative conference.