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CCH Pension & Benefits NetNews™

August 5, 2008
 

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    • Featured This Week

    Employee Benefits Management News

    Pension Plan Guide News

    Employee Benefits Management News

    Maine extends health care coverage for dependents

    Maine has expanded health care coverage for dependents. Effective June 30, 2008, group insurance plans must offer coverage to the dependents of insureds until the dependent child is 25 years old, regardless of whether the dependent (1) is currently insured by the insurer or (2) is provided coverage under another policy or government program. For details, see ¶2019Z.

    Bill introduced to raise health insurance caps

    The Health Insurance Coverage Protection Act (H.R. 6528) has been introduced by Rep. Anna G. Eshoo (D-Calif.) to raise lifetime health insurance caps. The bill addresses both the increasing costs of medical treatment, and the fact that many people have no idea that their health insurance has a lifetime cap, typically in the range of two to three million dollars, according to a Kaiser Family Foundation 2007 Annual Survey of Employer Health Benefits. For more information, see ¶2020A.

    Extenders bill with mental health parity provisions fails again in Senate

    The Senate on July 30 failed to approve a motion to proceed to the Jobs, Energy, Families, and Disaster Relief Act of 2008 (S. 3335), sending the package of tax extenders to defeat for a second day in a row and most likely leaving until September the next opportunity to revisit the bill. The legislation in its current form provides mental health parity provisions that would require private insurance plans that offer mental health benefits as part of the coverage to offer such benefits on par with medical and surgical benefits. For details, see ¶2020B.

    Employee’s interference claim fails, ailments were not serious health condition entitling her to leave

    An employee who missed three days of work due to various ailments, including claims of anxiety and depression, did not have a serious health condition where she neither received continuing treatment by a health care provider nor suffered a chronic condition, the Court of Appeals for the Seventh Circuit (CA-7) has ruled. For more information, see ¶2020C.

    Pension Plan Guide News

    DOL and SEC jointly release "Memorandum of Understanding" on protection of retirement assets

    The Department of Labor (DOL) and the Securities and Exchange Commission (SEC), have agreed, in a Memorandum of Understanding (MOU), to make permanent their agencies' longstanding relationship of sharing information on retirement and investments to protect the $5.8 trillion in retirement assets of American workers, retirees and their families held in employee benefit plans. For more information, please see ¶84Z.

    IRS releases final regs concerning mortality tables for determining present value

    The IRS has released final regulations containing guidance and mortality tables for determining present value. For more information, please see ¶24,508Z.

    Advisory Committee on Actuarial Examinations of the Joint Board for the Enrollment of Actuaries meeting announced

    The Advisory Committee on Actuarial Examinations of the Joint Board for the Enrollment of Actuaries will hold a meeting in Washington, DC, on June 30-July 1, 2008. For more information, please see ¶83L.

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