Transitional Reinsurance Program: April 30 Deadline for Refund Requests Looms

CMS has issued important guidance on the timing of refund requests by contributing entities that misreported annual enrollment counts under the transitional reinsurance program for 2014. In general, misreporting can be corrected by simply refiling. But, according to the guidance, a deadline of April 30, 2015 or 90 days after the date of the original submission, whichever is later, applies to refund requests relating to misreported annual enrollment counts for the 2014 year. (For the 2015 and 2016 years, however, the April 30 alternative will not apply, and refund requests resulting from annual enrollment count misreporting must be submitted within 90 days from the date of the form submission.) … Read More

Proposed EEOC Regulations and Other Guidance on Employer Wellness Programs; Additional Wellness Guidance in FAQs Addressing ACA Implementation and HIPAA Privacy

As we went to press this week, the EEOC released long-awaited guidance explaining how employer wellness programs may satisfy the ADA rule permitting disability-related inquiries and medical examinations by voluntary employee health programs. Other agencies also released guidance related to wellness programs, including FAQs on health-contingent welfare program requirements and application of the HIPAA privacy rules to workplace wellness programs. We will cover the proposed regulations and other guidance in more detail in next week’s EBIA Weekly. In the meantime, here are some highlights. … Read More

U.S. GAAP Amendments Offer Simplified Method for Measuring Retirement Plan Assets

The FASB published an update to U.S. GAAP to make it easier for employers to measure the value of their defined benefit plans. The update allows companies and other organizations to measure their defined benefit plans as of the last day of the month closest to the end of their fiscal year, as opposed to the end of the fiscal year. … Read More