This article addresses a provision of the Health Care Reform Law that has not gotten as much press as some of the other provisions, such as the requirement to cover adult children to age 26 or the elimination of lifetime limits on coverage.
This Q&A focuses on new joint interim final regulations from the Internal Revenue Service, the Department of Labor, and the Department of Health and Human Services.
The Minnesota Legislature was busy in the month of May, and among the laws passed were several dealing with group health insurance.
Effective April 1, 2009, employers sponsoring group health plans must provide special enrolment rights to the spouse or dependent of an eligible employee who loses coverage under a state children’s health insurance plan (CHIP) or Medicaid, or who becomes eligible for premium assistance under one of those programs.
According to a poll conducted by Plan Sponsor magazine in March of 2009, 16.7 of the polled employers had reduced or suspended their 401(k) match as a result of the falling economy.