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Plan sponsors would be wise to ask their healthcare vendors if they have insurance policies in place to cover data breaches and other risks, according to USI’s Paul King.
President Obama’s signature healthcare law was dealt another blow as a federal judge ruled a key program intended to reduce consumers’ out-of-pocket medical bills is unconstitutional because it relies on money that hasn’t been appropriated by Congress.
A Massachusetts district court recently ruled that two affiliated private equity funds were liable for the unfunded vested benefits owed to a multiemployer pension fund by its bankrupt portfolio company.
Industry regulator levies its largest penalty involving variable annuities after claiming a long-running effort misrepresented annuity features.
Retirement plan sponsors should develop a comprehensive risk management strategy that includes the periodic review of contractual protections with their TPAs.
Pension plans and welfare plan all store personal data on each participant and beneficiary, ranging from social security numbers and addresses to date of birth and health information. The more immediate and available personal data becomes, the greater the risk for a potential breach or unauthorized disclosure or access, as is evident from the cyber attacks on major retail operations, health care providers and the government.
Following a suit filed in federal court, employers are advised to be careful about how they communicate changes to employees’ hours.
Plan sponsors should stand their ground to discourage plaintiffs from pursuing more lawsuits, says one expert.
Following a suit filed in New York federal court, employers are advised to be extremely careful about how they communicate changes to employees’ hours.
Lawsuits can’t be avoided, so advisers should focus on helping clients improve their processes, one expert says.
MetLife beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.
For labor unions, the death of Justice Antoin Scalia is is truly an instance of deus ex machina — a miraculous ending that doesn’t fit the rest of the play.
Benefit plan sponsors will have to be more careful about recording workers’ hours and paying appropriate compensation.
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.
From the Affordable Care Act to the EEOC’s retaliation guidance, the world of benefits law is always rapidly evolving, says lawyer Richard Meneghello.
Justice Antonin Scalia’s death and ACA developments have created legal uncertainties that employers and their advisers should know about.
Merrick Brian Garland, President Obama’s nominee for Supreme Court Justice, is considered a moderate, but at least one business group is expressing concerns about his record as an appellate court judge.
In the first case of its kind, a federal court in New York City has recently given employers some potential instruction on how it views the inevitable interplay between the ERISA and the ACA.
JD Powers of Powers Insurance and Benefits discusses cyber risks and how to protect against them.
