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Worldwide Employee Benefits Network Chicago Chapter Meeting: Annual Regulatory and Legislative Review

Wednesday, December 5, 2012
7:30 – 9:30 am CST

UBS Tower
One North Wacker Drive, 2nd Floor
Michigan II Ballroom
(Northeast Corner of Wacker & Madison)

To register, please click here.

This year will be remembered as another year of rapid change in employee benefits.  The year-end tasks are plentiful, but if you live in fear of a missed deadline, then let our retirement and welfare experts guide you through the home stretch and assist with your year-end task lists as we review this year’s employee benefits regulatory and legislative developments.

Speakers
Joni Andrioff, Shareholder, Littler Mendelson
Susan Nash, Partner, McDermott Will & Emery




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Results of State Voter Referendums on Same-Sex Marriage: Implications for Employee Benefit Plans

by Joseph S. Adams, Todd A. Solomon, Jacob Mattinson and Brian J. Tiemann

Voters in Maine, Maryland and Washington approved the legalization of same-sex marriage in their states.  In addition, voters in Minnesota rejected a state constitutional amendment to define marriage as an opposite-sex union.  The outcome of these referendums adds complexity to the options and obligations of employers in providing benefits for employees’ same-sex spouses and partners.

To read the full article, click here.




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Upcoming State Voter Referendums on Same-Sex Marriage

by Todd A. Solomon and Brian J. Tiemann

Voter referendums on same-sex marriage will be on the November ballots in four states: Maryland, Washington, Maine and Minnesota.  The outcome of these referendums may complicate the options and obligations of employers in providing benefits for employees’ same-sex spouses and partners.

To read the full article, click here.

 




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What Employers Need to Know for 2012 and 2013 Under the Patient Protection and Affordable Care Act

by Amy M. Gordon and Susan M. Nash

With the end of 2012 quickly approaching, and for 2013 planning purposes, this newsletter provides a high-level list of the important changes to be aware of under the Patient Protection and Affordable Care Act and the effective date of those required changes.

To read the full article, click here.




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IRS Announces Employee Benefit Plan Limits for 2013

by Jeffrey Holdvogt, Diane Morgenthaler and Adrienne Walker Porter

The Internal Revenue Service recently announced cost-of-living adjustments (COLA) to the applicable dollar limits on various employer-sponsored retirement and welfare plans for 2013.  Although many dollar limits currently in effect for 2012 will change, some limits will remain unchanged for 2013.  McDermott Will & Emery has prepared a chart of these 2013 COLA changes.

To read the full article, click here.




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New Guidance on Form 8889 for Health Savings Accounts

by Amy M. Gordon and Susan Nash

The Internal Revenue Service (IRS) has released the 2012 version of Form 8889 (Health Savings Accounts [HSA]) and its Instructions.  The Form 8889 is filed by HSA holders as an attachment to the IRS Form 1040.  The Form 8889 is generally used to report contributions and distributions to and from the HSA.  The 2012 versions of the form and instructions are substantially similar to the 2011 versions, however the 2012 form and instructions have been updated to include the 2012 contribution limits, and to reflect that qualified HSA distributions from health flexible spending accounts (FSA) or health reimbursement accounts (HRA) are no longer permitted.  Please note the 2012 HSA contribution limits are $3,100 for an individual and $6,250 for a family.  




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New Guidance on Affordable Care Act Provisions Issued

by Amy Gordon, Susan Nash, Maureen O’Brien

Recent guidance issued by the Departments of Health and Human Services and Labor and the Internal Revenue Service clarifies health care reform rules regarding waiting periods and the definition of full-time employee for purposes of the employer requirement to provide health care coverage beginning in 2014.   The Internal Revenue Service has also issued guidance relating to the determination of wages for purposes of determining affordability of health care coverage under the Affordable Care Act.

Click here to see IRS Notice 2012-58 and here for Technical Release 2012-02.  McDermott will be releasing a detailed analysis of the new guidance soon.




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Beware this Threat to Exec-Comp Tax Deductions

by Andrew C. Liazos

An IRS compensation rule aimed at health insurers could actually apply to a wide range of companies.

It is well known that the Patient Protection and Affordable Care Act (PPACA, or the federal health care reform law) significantly limits the ability of health insurance companies to deduct payment of compensation beginning in 2013.  What is not so well known is that the Internal Revenue Service might apply this limitation to health care services providers that are not typically considered to be insurance companies, to captive insurance companies, and even to companies outside the health insurance industry.

To read the full article, click here.




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The Patient Protection and Affordable Care Act: The Supreme Court Decision

by Christopher M. Jedrey, Joel L. Michaels, Susan M. Nash, Paul W. Radensky and Eric Zimmerman

While the Supreme Court of the United States has in large part resolved questions regarding the constitutionality of the Patient Protection and Affordable Care Act, participants in the health care industry should prepare for ongoing uncertainty in the manner and degree to which states will participate in the expansion of Medicaid.

To read the full article, click here.




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