For more information contact: Kelly R. Sweeney
2017 will be a year of fluctuation and change in the world of employee benefits. With the new Administration focused on the repeal and replacement of the Patient Protection and Affordable Care Act, as well as tax reform, the arena of employee benefits will without a doubt feel an impact.
A number of players in the employee benefits world were active in 2016. The IRS issued new correction procedures in Revenue Procedure 2016-51, as well as long-awaited Code Section 457 rules dealing with compensation for state and local governments, and additional Code Section 409A guidance on several narrow issues. The EEOC issued hotly-contested final rules regarding wellness plan incentives, the DOL issued new ERISA disability claim regulations, and the PBGC widened efforts to locate missing plan participants. We also saw President Obama sign into law the largest piece of health care reform since the Patient Protection and Affordable Care Act, the 21st Century Cures Act, which allows small businesses to use health reimbursement accounts to repay employees who purchase individual health plans on the open market, in addition to encouraging compliance with mental health parity rules.
We saw several employee benefit matters go before the United States Supreme Court, which involved the issues of ERISA preemption, indemnification from a third party payer, the refusal to hear the impact of forum-selection clauses in employee benefit plans, as well as the grant of certiorari by the Court to hear issues relating to litigation involving church benefit plans. We also saw the fiduciary rule challenged in several lower courts, as well as the Code Section 403(b) university class actions and the improper COBRA notice class actions, two areas we have not seen much litigation on in the past.
Additional details about the meeting, registration information, and the complete list of speakers can be accessed on the event web page.