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Bill Seeks to End FSA ‘Use It or Lose It’ Rule

by Eriksen Insurance | Apr 21, 2011 | Health Laws, Insurance Reform

Society for Human Resource Management reports: “The proposed Medical Flexible Spending Account Improvement Act (H.R. 1004), a bill that would allow employees to withdraw and pay taxes on any remaining funds in their medical flexible spending accounts (FSAs)...

Certain health care reform law requirements delayed

by Eriksen Insurance | Apr 21, 2011 | Health Laws, Insurance Reform

Business Insurance reports: “WASHINGTON—Employers will be given until Jan. 1, 2012, to comply with certain health care reform law requirements, the Labor Department has decided. One delay involves a reform provision in which health plan enrollees have to be...

SHRM Poll: Employers continue to reduce benefits

by Eriksen Insurance | Apr 21, 2011 | Health Laws, Insurance Reform

Employee Benefit News reports: ” Despite a nascent economic recovery, the momentum to reduce employee benefits isn’t waning, according to a new poll by the Society for Human Resource Management. In the last six months, 20% of employers reported that they reduced...

McRaith Named Director of Federal Insurance Office

by Eriksen Insurance | Apr 6, 2011 | Health Laws, Illinois, Illinois Health Insurance

Treasury Secretary Timothy Geithner on March 17 named Illinois Insurance Director Michael McRaith as the first director of the Federal Insurance Office (FIO), a non-regulatory federal source of insurance expertise created by the Dodd-Frank Act. In addition to heading...

Insurance Director: Health Law Helping Consumers

by Eriksen Insurance | Mar 31, 2011 | Health Insurance Cost, Illinois Health Insurance

Associated Press reports: “CHICAGO — While the anniversary of the Obama administration’s health law inspired events to publicize the law’s “broken promises” elsewhere, Illinois’ top insurance regulator contended consumers are...
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