News & Insights
The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued the latest in its series of Frequently Asked Questions (FAQs) on the Affordable Care Act’s (ACA) implementation. The latest guidance (Part XVIII) addresses questions on coverage of preventive services, limitation on cost-sharing requirements, expatriate plans, wellness programs, fixed indemnity insurance and the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA). Read more.
President Obama announced in the State of the Union address on Tuesday that he will use his executive power to increase the minimum wage to $10.10 per hour for workers on new government contracts, fulfilling a top demand by liberal lawmakers and groups, according to a White House document. Read more.
While the rise in medical costs has slowed since the last recession, the U.S. still needs to switch to a “fundamentally different” system that pays for the quality of care rather than the quantity, Mark Bertolini said recently in a Bloomberg Television interview from Davos, Switzerland. Read more.
Government contractors: violating the McNamara-O’Hara Service Contract Act can be costly. Lange Trucking Inc. recently restored nearly $2 million in pension benefits to 515 drivers working on U.S. Postal Service contracts. Make sure your employees are covered with a fringe benefit plan from The Boon Group. Read more.
Target Corp. will end health insurance for part-time employees in April, joining Trader Joe’s Co., Home Depot Inc. and other U.S. retailers that have scaled back benefits in response to changes from Obamacare. Read more.