EBSA, an arm of the U.S. Labor Department, has described the interim policy in Technical Release 2011-03, which creates a safe harbor for employers that want to use e-mail or other electronic media to meet the new disclosure requirements.
New Census Bureau health insurance figures show that the number of U.S. residents in employer-sponsored plans fell 0.9% between 2009 and 2010, to about 169 million.
Many older U.S. consumers would rather not finance a long term care (LTC) plan at all, but others would prefer to have LTC arrangements squared away before they reach age 65.
Most U.S. health insurers say they are responding to the new federal medical loss ratio (MLR) rules by cutting brokers commissions or planning to cut brokers commissions.
The new federal Pre-Existing Condition Insurance Plan (PCIP) program is hard to get into, too expensive for the typical uninsured individual with a chronic illness, and under-promoted, according to officials at the U.S. Government Accountability Office (GAO).
Employers and their benefits advisors may have to scramble to start using the proposed Summary of Benefits and Coverage (SBC) and a proposed Uniform Glossary on time.