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New Law Alert
On December 29, 2007, President Bush signed into law the Medicare, Medicaid, and SCHIP Extension Act of 2007 (Public Law No: 110-173), effective January 1, 2009. The new law introduces new Medicare Secondary Payer (MSP) data-reporting requirements that will affect employer-sponsored group health plans. You may be receiving notices from your carrier and/or third-party administrators in regards the new law. The following link will take you to a summary article on EpsteinBeckerGreen P.C.’s website. (Read Full Story in PDF)
http://www.ebglaw.com/showclientalert.aspx?Show=8313
The “Heroes Act"
The Heroes Earnings Assistance and Relief Tax Act of 2008 (the “Heroes Act") was signed into law on June 17, 2008. This law includes a number of employee benefit provisions designed to soften the hardships incurred by employees who leave employment to enter into the military service. The following link will take you to a summary article on Gleaves Swearingen Potter & Scott LLP’s website.
http://www.orbuslaw.com/view-resource.cfm?id=A82E22F1-F90B-C6AC-1F4AB75FC21D5B81
SHRM’s 2008 Benefits Survey: Employers adjust benefits in a slow economy
Employee benefits remain stable in 2008, even as the economy slowed down, reveals new data released by the Society for Human Resource Management at its 60th Annual Conference in Chicago .
http://ebn.benefitnews.com/asset/article/614251/index.html
Chamber of Commerce CEO highlights health care inefficiencies
If the United States health care system is to become affordable and effective, then a greater emphasis on technology, transparency, and the quality of care is needed to make the system more efficient, said U.S. Chamber of Commerce CEO Tom Donahue at a health care roundtable Tuesday.
http://ebn.benefitnews.com/asset/article/613951/index.html
Growth of employer medical costs projected to accelerate
After five years of steady decline, the growth rate of medical costs will level off at 9.6% in 2009, followed by a possible increase in growth rates, predicts a new study by PricewaterhouseCoopers.
http://ebn.benefitnews.com/asset/article/614281/index.html
EBN Industry inBrief
- Supreme Court rules on age discrimination and conflict of interest in benefit plans
- Big employers embrace reward gift cards
- Illinois considers mandatory health insurance for anorexia and bulimia
- BlackBerries and blogs redefine overtime work
- Boomers may have to take on "encore careers"
- Be our Employee Benefit Adviser of the Year!
http://ebn.benefitnews.com/asset/article/616901/index.html
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