article thumbnail

OPM Urged to Commit to Protecting IVF in Federal Health Insurance

McDermott Will & Emery Employee Benefits

Democratic lawmakers recently sent a letter to the US Office of Personnel Management urging the Biden administration to enhance the Federal Employees Health Benefits Program’s in vitro fertilization coverage.

article thumbnail

A HR guide to employee benefits

Employee Benefits

Retention rates are at a low, with 65% of employees thinking that they can find a better position elsewhere. A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York State Budget Institutes Revenue-Neutral Health Plan Tax

McDermott Will & Emery Employee Benefits

The New York State fiscal year 2024 – 2025 budget institutes a new tax on health plans, including insurers and managed care organizations. This tax has been garnering attention for its promise to yield $4 billion for New York State.

Taxes 77
article thumbnail

June 20, 2023 – Summit Compliance Institute Webinar – Health and Welfare Benefit Nondiscrimination Rules

InterWest Insurance Services

WHEN: Tuesday, June 20, 2023 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. SESSION DETAILS: We all know we need to comply with various employee benefit nondiscrimination requirements, but what does this really look like in practice? Click to Register

article thumbnail

Why is Employee Benefits Due Diligence Useful?

AssuredPartners

Having a comprehensive understanding of a target company’s employee benefits offering helps private equity firms make more informed decisions across the business post-close. Identifying risk is crucial in the due diligence process, and employee benefits present companies with significant financial and regulatory risk.

article thumbnail

Funding Employer-Sponsored Group Health Coverage: The Group Captive Solution

McDermott Will & Emery Employee Benefits

The enactment of the Affordable Care Act in 2010 led to a sharp increase in employers self-funding their group health insurance plans, with the market tripling in size in the decade that followed.

article thumbnail

Fifth Circuit Rules that DOL Advisory Opinion Is Subject to Judicial Review and Invalidates DOL Advisory Opinion on Health Insurance

Proskauer's Employee Benefits & Executive Compensa

Court of Appeals for the Fifth Circuit held that a Department of Labor (“DOL”) advisory opinion, which found that an insurance plan was not governed by ERISA, was unenforceable under the Administrative Procedure Act (“APA”). On August 17, 2022, the U.S. The plaintiffs then amended their complaint to challenge the opinion under the APA.