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The Senate Finance Committee on October 13 approved, by a 14-to-9 margin, an $829-billion health care proposal that drew the support of one Republican and all Democrats on the committee. President Obama said that passage of the Baucus package is a "critical milestone."
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According to a survey released by the International Foundation of Employee Benefit Plans and co-sponsored by Employee Benefit News, voluntary benefits are a fundamental part of employers' benefit plans. Employers are offering voluntary options as way to better meet the needs of a diverse workforce.
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After 73 members of Congress sent a letter to regulators asking about the progress of mental health parity regulations, Secretary of Health and Human Services (HHS) Kathleen Sebelius replied that the regulations would be out by January 2010, three months after the effective date of the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act.
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The IRS has issued a number of cost-of-living adjustments (COLAs) to various types of benefits, including long-term care insurance contracts, medical savings accounts (MSAs) and various transit benefits.
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Monthly Social Security and Supplemental Security Income benefits for more than 57 million Americans will not automatically increase in 2010.
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The IRS has announced the cost-of-living adjustments applicable to dollar limits for pension plans, IRAs, and other items for the 2010 tax year.
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The Labor Department has filed a lawsuit to obtain appointment of an independent fiduciary to oversee the 401(k) plan of a defunct company formerly located in Cherry Hill, N.J.
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