Republican-led states have joined 1 of 2 lawsuits challenging the administration's Saving on a Valuable Education plan, which takes effect on July 1, unless the courts grant an injunction to prevent SAVE from being implemented.
While 68% of workers and 74% of retirees are confident they will have enough money to live comfortably throughout retirement, this is not a significant increase from last year, according to a Employee Benefit Research Institute report.
The Biden administration is forgiving $6.1 billion in student debt for those who attended the now-closed Art Institutes colleges nationwide that allegedly lured students with "pervasive" lies, says the Education Department.
According to the DOL, the new fiduciary rule levels the playing field for insurance agents, brokers, financial planners and registered investment advisors to adhere to a best interest standard when providing investment advice.
More than 21 million enrolled in Obamacare plans this year, however, federal regulators are contending with rogue brokers who have signed people up for ACA plans, or switched them into new ones, without their permission.
Employees are much more interested in discussing mental health and finding help with their issues, which is why the No. #1 mental health benefit strategy of employers is manager training, says the Midwest Business Group on Health.
Sen. Bernie Sanders, chair of the Senate Health, Education, Labor and Pensions Committee, has demanded to know why Americans pay "$1,349 a month for [weight loss] prescription drugs that cost less than $5 to manufacture."
To be well-positioned for the possibility of a Department of Labor audit, plan sponsors need to watch out for common errors, which include late deposits of employee contributions into the plan, failure to implement employee deferral elections and failure to provide required notices.
The insurer meticulously tracked the output of its medical directors – and sent a message loud and clear: Cigna valued speed, says a former medical director who reviewed cases nurses flagged for denial or were unsure about.
The Federation of Americans for Consumer Choice's lawsuit states that the Department of Labor's new "rushed" fiduciary rule is similar to a proposal struck down by the federal appeals court a decade ago.