Medicare Prepares for Changes in Drug Premiums, Coverage
The average monthly beneficiary premium for Medicare prescription drug coverage is expected to be $36.78 next year, or $2.08 more than in 2024, the Biden administration announced Monday.
Two Texas federal judges’ decisions to pause implementation of a recently finalized 401(k) advice rule while insurer groups’ challenges proceed signal difficulties ahead for the Labor Department as it tries to fend off multiple legal threats to the regulation.
The Labor Department’s rule classifying more retirement advice providers as fiduciaries hit another major roadblock when a second Texas federal judge issued an order temporarily blocking the rule from taking effect.
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The status of Illinois and New Jersey laws requiring that temporary workers receive compensation equal to direct-hire employees remains in flux, as staffing industry groups challenging the measures and the state lawmakers supporting them respond to differing court decisions.
The average monthly beneficiary premium for Medicare prescription drug coverage is expected to be $36.78 next year, or $2.08 more than in 2024, the Biden administration announced Monday.
Trade groups representing the hospital, insurance, and financial services industries are pushing courts to block the Federal Trade Commission’s noncompete ban amid a divide in the judiciary over the regulator’s powers.
Yellow Corp. urged a Delaware bankruptcy judge to set aside regulations asserted by the Pension Benefit Guaranty Corp. to calculate the defunct trucking company’s pension withdrawal liability, saying the agency is unilaterally changing applicable rules.
Terran Orbital Operating Co. and its directors are free of an investors’ securities fraud lawsuit alleging the satellite manufacturer misled them on its merger with a special purpose acquisition company.
Bankrupt Steward Health Care System LLC reached an agreement with Massachusetts to receive $30 million through state-sponsored programs to keep its hospitals running as they transition to new ownership.
The Pension Benefit Guaranty Corporation has approved the application submitted to the Special Financial Assistance program by the New England Teamsters Plan, the PBGC announced Monday.
The claims against the Washington Metropolitan Area Transit Authority by a bus operator who said he was discriminated against for taking leave to care for his newborn daughter may proceed, but his retaliation claims were dismissed by a federal court.
Participants in a sheet metal workers’ pension plan received initial approval for a class settlement valued at more than $2.5 million that would boost the pensions of about 25 retirees who were approved for unreduced early retirement benefits.
A plumbers’ pension fund owes more than three years’ worth of retroactive benefits to a worker who spent the later years of his career in a supervisory role not covered by his union contract.
The court granted in part an employee’s motion for summary judgment in this action against the Guardian Life Insurance Company of America challenging the denial of his long-term disability benefits related to his transient ischemic attack. Sami v. Guardian Life Ins. Co. of Am., 2024 BL 249502, S.D. Fla., 23-cv-20168-ALTMAN/Reid, 7/22/24
The court granted Guardian Life Insurance of America summary judgment on this ERISA action by an individual seeking to recover $85,000 in group life insurance proceeds following the death of his wife. Edwards v. Guardian Life Ins. of Am., 2024 BL 238398, N.D. Miss., 1:22-CV-145-KHJ-MTP, 7/12/24
The court granted in part and denied in part the Profit Sharing Plan II Administrative Committee’s motion to dismiss two former of Torrence’s Farm Implements’ action alleging failure to comply with ERISA. Rodriguez v. Profit Sharing Plan II Admin. Comm. , 2024 BL 244464, S.D. Cal., 23-CV-2236 JLS (JLB), 7/17/24
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