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Human Rights Watch, an international non-governmental organization, takes aim at the U.S. and calls for stronger government action to protect Americans from aggressive debt collection by nonprofit hospitals, in a new report.
The Telehealth Benefit Expansion for Workers Act would allow employers to offer workers standalone telehealth benefits, however, some detractors say it leaves employees unprotected from deceptive marketing practices.
The ERISA Industry Committee, an employer advocacy group, implored the IRS in a letter to clarify how sponsors can implement new SECURE 2.0 features - and also offered recommendations for improving health care benefits.
Benefits groups support the proposal, which would require retirement plans to use money forfeited by participants when they leave an employer before the end of a vesting schedule, starting in 2024..
The outbreak period will end on July 10, 2023 - 60 days after the COVID national emergencies ended - so employers need to decide whether or not to revert to normal cost-sharing for coverage of COVID-19 tests and vaccines.
In the defined contribution market, the first quarter of 2023 saw an spike in lawsuits and a drop in retirement confidence, however, Congress' main priority now is SECURE 2.0 implementation, according to Mercer.
For employers who wish to offer employees earning more than $145,000 a catch-up contribution option, they must first contact their plan recordkeeper to request the changes, which can sometimes take months to be implemented.