Employee benefits

2013 is not over yet. Employers and HR and benefits professionals must address these 14 compliance issues before the New Year begins. Timothy F. Kennedy is a partner in Montgomery McCracken Walker & Rhoads’s Employee Benefits and Executive Compensation Practice, concisely outlines retirement and health care issues that plan sponsors must consider in the following days.

Many organizations aren't taking advantage of the most effective tool to distribute and reinforce messages—benefits administration technology. Technology is extremely useful in automating many of the tactical components of benefits administration while it also enhances your education and communication strategy.

The success of the health care overhaul relies on a diverse pool of customers where younger, healthier participants balance the costs of covering older, sicker people. Insurers say they can’t make more concessions without putting themselves at risk that patients will wait and sign up only when they need care.

President Barack Obama said the thousands of people now signing up for coverage under the Affordable Care Act overshadow the hit he’s been taking in the polls for the defect-riddled roll-out of the Affordable Care Act.

When it comes to their health benefits, most employees say they’re happy with their current offerings and lack interest in altering their balance of benefits and wages, according to a new survey by the Employee Benefit Research Institute.

As most global employers plan to send more employees on short- and long-term jobs around the world in the next two years, they should be aware of what it takes to manage costs and run international programs. In light of the challenges employers face managing the global work force, Mercer offers 10 tips on handling this growing mobile population.

While employers expect to continue implementing cost-sharing measures in their health care plans in 2014, most plan on keeping group coverage for the next year. And just 5% of employers anticipate moving employees to a private exchange, according to the 2013/2014 Verisight and McGladrey Compensation, Retirement and Benefits Trends Survey.

The most recent LIMRA survey reveals that approximately 60% of Americans who have used health exchanges so far to try to shop for health coverage say they sought out assistance when actually buying their health insurance plan.

Much concern had been voiced about the ability for consumers and insurers alike to execute billing and payment between Dec. 23 and Dec. 31 for coverage effective Jan. 1. AHIP offered to extend that deadline to Jan. 10 on Wednesday.

Why small employers haven’t bought into private exchanges — yet

The Internal Revenue Service has issued guidance on the application of rules in the Tax Code relating to health savings accounts and flexible spending accounts to same-sex couples in the aftermath of the Supreme Court’s landmark decision earlier this year striking down the Defense of Marriage Act.

In what can be viewed as a victory for plan sponsors, the Supreme Court ruled that statute of limitation periods written into plan documents are valid, as long as those periods are “reasonable.”

What does next year look like for retirement plan sponsors and participants? Here’s an early call on what many experts expect to see.

While carolers may chant joyfully about the holidays being “the most wonderful time of the year,” many workers find themselves singing the blues during the winter months. One in 10 people will experience depression at some time in their lives, according to the U.S. Centers for Disease Control and Prevention. This not only inflicts suffering on individuals and families, it costs employers $44 billion annually in lost productivity.

As baby boomers plan to retire in the next five years, nonprofit organizations are readying for the challenges ahead. More than a third of nonprofits surveyed by the Plan Sponsor Council of America anticipate difficulties recruiting staff to fill vacancies left by retiring boomers.

A group of Catholic health and educational organizations don’t have to comply with a federal Affordable Care Act requirement to provide their employees with contraception coverage, a federal judge in New York ruled.

It’s no surprise that the year ahead is going to mean skyrocketing voluntary sales. But experts say it’s no easy feat for health brokers trying to break into the business.

The government failed to send data to health insurers for about 15,000 people who enrolled in Obamacare through early December, an error corrected last week before it could jeopardize their coverage, the U.S. said.

A record-breaking number of Americans (54%) are considering kicking off 2014 by making financial resolutions, according to a recent study. That's good news for employers, who are increasingly embracing the concept of financial wellness.

Health insurers are being asked by the U.S. government to be lenient with Obamacare customers who miss the Dec. 23 deadline for enrolling in the program or are late with their initial payment. Meanwhile, Aetna says it will not renew canceled plans.