Benefits Bryan Cave

Benefits BCLP

proposed regulations

Main Content

Deep Dive: Association Health Plans, Part 3

April 27, 2018

Authors

Brian Berglund and Cass Hollis

Deep Dive: Association Health Plans, Part 3

April 27, 2018

by: Brian Berglund and Cass Hollis

On October 12, 2017, President Trump signed a “Presidential Executive Order Promoting Healthcare Choice and Competition Across the United States” (the “Executive Order”) to “facilitate the purchase of insurance across state lines and the development and operation of a healthcare system that provides high-quality care at affordable prices for the American people.” One of the stated goals in the Executive Order is to expand access to and allow more employers to form Association Health Plans (“AHPs”). In furtherance of this goal, the Executive Order directed the Department of Labor to consider proposing new rules to expand the definition of “employer” under Section 3(5) of the Employee Retirement Income Security Act of 1974 (“ERISA”). The Department of Labor issued its proposed rule on January 5, 2018.

In Part 1 of this “Deep Dive” series, we examined the history of AHPs and the effects of the changes

Read More

DOL Seeks Input on Guidance Regarding Lifetime Income Illustrations

May 13, 2013

Authors

benefitsbclp

DOL Seeks Input on Guidance Regarding Lifetime Income Illustrations

May 13, 2013

by: benefitsbclp

The DOL’s Employee Benefits Security Administration (“EBSA”) recently released an advance notice of proposed rulemaking  (“ANPR”) focusing on lifetime income illustrations that may be required to be provided to participants in defined contribution retirement plans (including 401(k) and 403(b) plans).  The impetus for the ANPR is the shift from the historical defined benefit (i.e., pension) structure to the defined contribution structure provided over the last several decades, and the corresponding need of employees to focus on the income they need to save to secure their retirement. The ANPR provides an opportunity for early input into the development of proposed regulations; comments will be accepted through July 8th. As described by Assistant Secretary of Labor Phyllis C. Borzi in the DOL’s news release,  EBSA hopes that providing defined contribution plan participants with “a lifetime income illustration might spur better planning for the future.”  EBSA’s goal is to illustrate for workers

Read More
The attorneys of Bryan Cave LLP make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.