Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
New Law Encourages Compliance with Recognized Security Practice
The penalties for failing to observe HIPAA’s security rules can be severe. Recent legislation may cushion the impact of those penalties for covered entities making a good faith effort to comply the HIPAA rules. The legislation amends the HIPAA HITECH
New Guidance for 401(k) Plans on Missing Participants
On Tuesday, January 12, 2021, the U.S. Department of Labor (“DOL”) issued official guidance on locating missing participants in retirement plans, including 401(k) plans. The guidance appears in three separate documents: (i) “Best Practices for Pension Plans;” (ii) “Compliance Assistance
Group Health Plans Required to Cover Cost of HIV-Preventive Drug, Truvada
Effective January 1, 2021, and with the exception of ACA-compliant Grandfathered Plans, most group health plans and insurance issuers must now cover the full cost of Truvada, an HIV-preventive preexposure prophylaxis (PrEP) drug. PrEP drugs are recommended for use by
2021 Penalty Amounts for 401(k) Plans
On January 14, 2021, the U.S. Department of Labor (“DOL”) published its annual announcement of civil monetary penalties for various employee benefits-related violations under ERISA, as in effect for calendar year 2021. To encourage compliance with the law, ERISA imposes