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Benefit plan


Copyright 2021 NPR. To learn more, visit https://www.npr.org. AILSA CHANG, HOST: Today, prosecutors announced charges against 19 people, all but one former NBA player, for an alleged health insurance claim scam. At least 16 of them were arrested. They are accused of defrauding the $ 4 million NBA health and welfare benefit plan. Ben Golliver …

Eighteen former NBA players have been charged with defrauding the league’s nearly $ 4 million health and welfare benefit plan, the Southern District of New York City attorney’s office said Thursday. York. Players include Terrence Williams, Sebastian Telfair, Glen “Big Baby” Davis, Tony Allen, Ruben Patterson, Shannon Brown, Will Bynum, Christopher Douglas-Roberts, Alan Anderson, Tony …

Employers, insurers and benefit plan vendors are all impacted by new guidance issued by the Department of Labor (DOL) and the Internal Revenue Service (IRS) aimed at mitigating the disruptive effect of COVID-19. The guidance was issued on April 28, 2020. In a related step, the DOL also issued new Model COBRA notices on May …

The Internal Revenue Code (the Code) and the Employee Retirement Income Security Act (ERISA) set forth numerous disclosure, notice and election requirements for employee benefit plans. These communications can involve thousands of pages per year, per participant, and be very expensive if they must be printed on paper and mailed. Few participants really want all …

To print this article, all you need is to be registered or login on Mondaq.com. Executive Summary Employers sponsoring group health plans face the ever-growing challenge of rising health care costs, and the increasing expenses they place on the plans and their enrollees alike. To respond to these pressures, employers have experimented with a …

The American Institute of CPAs has published a Q&A series to help auditors of benefit plan financial statements deal with this complex area and a revised auditing standard. AICPA Industry FAQs on Employee Benefit Plans with Sample Auditor Reports for the Initial Year of Implementation of SAS # 136, as amended, provides non-authoritative guidance on …

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The VI Economic Development Commission met on Thursday and approved a new tax benefit certificate and selected an energy sector analysis consultant. “The objective of the analysis of the energy sector is to identify investment opportunities in existing and potential renewable energy projects in the territory to be promoted to investors”, according to information from …

Opinions expressed by Contractor the contributors are theirs. Benefit plans are by their very nature decentralized. Certain aspects of the plan may be contracted out to third party service organizations specializing in accounting and investment record keeping functions. Paradoxically, however, companies take full responsibility for the integrity of all aspects of their benefit plan, including …

Colorado’s elected officials made their state the third to pass legislation requiring strictly regulated health insurance offers. As was the case in Washington and Nevada, the push came from supporters of a “public option,” although the final bill (HB21-1232) takes advantage of private coverage, not private coverage. public insurance. None of the three states adopted …