Although there are few changes in retirement plan regulations for 2012, a few trends are emerging that may result in legal changes in the next few years. The trends are related to disclosure of fund past performance, participant fees, and lifetime income scenarios in the hope that participants will make informed choices in investments.
The final rules have been published determining the percentage of your insurance premium that insurance companies must spend on health costs. This percentage, called a Medical Loss Ratio (MLR), is 80% for medical plans sold to employers with fewer than 50 employees and 85% for companies with 50 or more employees.
If insurance companies do not meet this minimum, they must rebate a portion of insurance premiums to employers and employees.
The Department of Health and Human Services announced additional mandated preventive services for women for health plans with plan years beginning on or after 8-1-2012.
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