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February 2011

February 25, 2011 by  
Filed under Categorized, Newsletter


LSA HEADING BACK TO D.C. FOR MEETINGS WITH OREGON LAWMAKERS
Michael Welch RHU, REBC, an agent with Larry Sherwood & Associates, recently met with lawmakers in Washington D.C. to share ideas about Healthcare Reform. Mike's goal was to discuss solutions that can affect how Healthcare Reform is implemented and measured, while keeping provisions for health promotion, quality outcomes and cost containment. Meetings were scheduled with both Oregon senators (Wyden & Merkley), and all 5 congressman. We'll inform you of the meeting outcomes in a future newsletter.
 
COMPLIANCE WITH IRS NON-DISCRIMINATION RULES DELAYED
If you sponsor an insured, non-grandfathered group health plan, there is some good news! The IRS has officially delayed the effective date of the impending nondiscrimination requirements for insured plans until after regulations or other administrative guidance can be issued (IRS Notice 2011-1). In addition, the IRS anticipates that any future guidance will not apply until the first plan year beginning some specified time period after issuance of the guidelines. The nondiscrimination mandate for insured plans is part of the Federal Patient Protection and Affordable Care Act (PPACA). The rules were to have been effective for calendar year plans on January 1, 2011, but this guidance gives plans a bit more breathing room. Plans offering different contribution schedules, "classed" benefits, or differing eligibility requirements are specifically impacted. If you have questions about how the nondiscrimination rules could affect your plan, contact Larry Sherwood & Associates.

IRS Notice 2011-1

 
 
JUDGE RULES OBAMA HEALTHCARE LAW UNCONSTITUTIONAL
A Florida judge dealt President Obama's healthcare overhaul another legal blow earlier this month. The ruling that the entire law is unconstitutional due to a requirement in the legislation that all Americans obtain health insurance starting in 2014. U.S. District Judge Roger Vinson's decision goes beyond a separate ruling by a federal judge in Virginia who ruled the individual mandate “unconstitutional”.

While the ultimate fate of the individual mandate and possibly President Obama's signature legislation seems destined to ascend to the Supreme Court, Republicans are pushing forward with their own "dismantle and deny" strategy.

Judge rules Obama's health care law unconstitutional

Here's how GOP wants to 'prune' health care law

 
 
 
Larry Sherwood & Associates provides benefits consulting & insurance services to over 300 companies just like yours.
 

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