EBIA Weekly Newsletter

Updated Standards Issued for HHS-Administered Federal External Review Process

   January 26, 2017

HHS Technical Guidance: Standards for Self-Insured Non-Federal Governmental Health Plans and Health Insurance Issuers Offering Group and Individual Health Coverage Using the HHS-Administered Federal External Review Process (Jan. 11, 2017) Available at https://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/FERP-Guidance_Final4_01-11-17-MM-508.pdf HHS has released technical guidance with updated standards, outlining the requirements for group health plans and insurers that are subject … Read More

Fiduciary Investment Advice: DOL Issues Proposed BIC Exemption for Insurance Intermediaries and Two Additional Sets of FAQs on Conflicts Rule

   January 26, 2017

Proposed Best Interest Contract Exemption for Insurance Intermediaries, 29 CFR Part 2550, 82 Fed. Reg. 7336 (Jan. 19, 2017); Consumer Protections for Retirement Investors—FAQs on Your Rights and Financial Advisers (Jan. 2017); Conflict of Interest FAQs (Part II – Rule) (Jan. 2017) Proposed Exemption Consumer Protection FAQs Conflict of … Read More

Is Employer-Provided Work Clothing a Taxable Benefit?

   January 26, 2017

QUESTION: Our company is going to require some customer-facing employees to wear a uniform, which the company will provide without charge. Will we have to treat the value of that uniform as income for tax purposes? The clothes will carry our company logo, and there will be a strict rule prohibiting employees from wearing those … Read More