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DOL Issues FAQs on ACA’s Implementation

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.

Obama Raises Minimum Wage for Government Contract Workers

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.

Aetna CEO Says Out-of-Control Health Costs Demand Change in U.S.

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.

Company Debarred from Federal Contracts for Three Years due to SCA Violation

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 to Drop Health Insurance for Part-Time Workers

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.

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