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INSURANCE / SOCIAL SECURITY
| Issues and Answers | |||
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| Summary of State Law Changes | |||
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Following the Senate's lead, the House approved bipartisan legislation designed to provide Americans with greater access to mental health and addiction treatments. The Bush administration supports the measure and the president has signed the bill.
The Illinois Insurance Code has been amended to require coverage of treatment for mental, emotional or nervous disorders by a licensed marriage and family therapist when the insurance otherwise covers mental, emotional or nervous disorders and conditions.
The Treasury Department and Internal Revenue Service have issued Notice 2008-82, which protects reservists from losing funds in their health Flexible Spending Arrangement (health FSA) accounts after being called to active duty.
The San Francisco Health Care Security Ordinance (the Ordinance), which requires employers to either contribute a specified amount toward their employees' health care costs on a regular basis or pay into a city health care fund for San Francisco residents, is not preempted by ERISA, the Ninth Circuit Court of Appeals (CA-9) has held, handing down a long-awaited opinion on state "pay or play" laws.
Full text, as passed by Senate on October 1, 2008.
The IRS has issued a revenue procedure providing updated guidance for plan sponsors to use when creating and submitting for IRS approval substitute mortality tables, and a notice with updated static mortality tables for 2009 through 2013.
Charles Millard, Director of the Pension Benefit Guaranty Corporation (PBGC), testified before the House Ways and Means Committees' Subcommittee on Oversight regarding the agency's current financial status.
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