Washington, D.C., October 18, 2024 – The ERISA Industry Committee (ERIC) today applauded the Department of the Treasury and the Internal Revenue Service (IRS) for issuing Notice 2024-63, interim guidance implementing Section 110 of the SECURE 2.0 Act with “Respect to Matching Contributions Made on Account of Qualified Student Loan Payments” (Notice).
Miscellaneous Archives:
The ERISA Industry Committee Calls for Improvements to Proposed Rules Implementing Maine Paid Family and Medical Leave Program
Washington, D.C., October 2, 2024 – The ERISA Industry Committee (“ERIC”) this week, submitted public comments on proposed regulations (Proposed Rules) from the Maine Department of Labor aimed at implementing the state-administered paid family and medical leave insurance program enacted last year. ERIC’s public comments focus on the need to streamline state program requirements, provide clarity to help employers comply, and protect employers’ ability to design and provide generous paid leave benefits.
ERIC Applauds Governor Newsom’s Veto of Prescription Drug Bill that Violated Federal Law
Washington, D.C., October 2, 2024 – Today, The ERISA Industry Committee (ERIC) released the following statement on Governor Gavin Newsom’s (D-CA) veto of SB 966, a bill regulating pharmacy benefit managers (PBMs). While ERIC supports reform of PBMs, ERIC had previously cautioned lawmakers and Governor Newsom that the CA legislation could overstep state authority by directly impacting the design and administration of plans covered under the Employee Retirement Income Security Act (“ERISA”). The statement is attributable to Dillon Clair, Director of State Advocacy, ERIC.
The ERISA Industry Committee Calls on Congress to Close Loophole and Deem PBMs as a “Fiduciary” under ERISA
Releases new issue brief detailing how reform would require PBMs to act in the best interest of patients and help keep health insurance costs low
Leading Healthcare Stakeholders Respond to Administration Change to Mental Health Parity Act
Washington, D.C., September 9, 2024 – AHIP, the Association of Behavioral Health and Wellness (ABHW), the Blue Cross Blue Shield Association (BCBSA), and The ERISA Industry Committee (ERIC) react to the Tri-Departments’ final mental health and substance use disorder parity rule released today.
ERIC Statement on Release of Mental Health Parity Act
Today, The ERISA Industry Committee (ERIC) released the following statement on the Biden Administration’s changes to mental health and substance use disorder parity regulations under the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) and the Consolidated Appropriations Act of 2021 (CAA). The statement is attributable to Melissa Bartlett, Senior Vice President of Health Policy for ERIC.
ERIC Statement on IRS Guidance for Matching Contributions Made on Account of Qualified Student Loan Payments
Washington, D.C., August 19, 2024 – Today, The ERISA Industry Committee (ERIC) issued the following statement regarding today’s release by the Internal Revenue Service (IRS) of Notice 2024-63, implementing Section 110 of the SECURE 2.0 Act. The statement is attributable to Andy Banducci, Senior Vice President for Retirement and Compensation Policy.
The ERISA Industry Committee Applauds FDA Efforts to Make Biosimilars More Accessible
Washington, D.C., August 20, 2024 – The ERISA Industry Committee (ERIC) today praised draft guidance (Guidance) by the U.S. Food and Drug Administration (FDA) that will help increase competition in the prescription drug markets, boosting the availability of affordable biosimilar drugs.
ERIC Urges California To Recognize Limits To Regulating ERISA Self-Insured Health Benefit Plans
Washington, D.C., August 9, 2024 – The ERISA Industry Committee (“ERIC”) this week submitted comments to Assemblymember Buffy Wicks (D-Oakland) and the California State Assembly Appropriations Committee regarding the applicability and enforceability of SB 966 to self-insured health benefit plans governed by the federal Employee Retirement Income Security Act of 1974 (“ERISA”).
P4ESC Opposes Efforts to Tax Employees on the Value of Their Health Coverage
WASHINGTON, July 17, 2024 – The Partnership for Employer-Sponsored Coverage (P4ESC) today underlined opposition to proposals made by the Paragon Health Institute and others to cap the individual income tax exclusion for employer-sponsored coverage.