Senate Finance Chair Issues Tax Reform Goals

On June 11, Senate Finance Committee Chairman Max Baucus (D-MT) presented his “goals” for tax reform including the need for Congress to “slay some sacred cows” in reforming the tax code. Read more

Bill Before Senate Would Loosen Restrictions on FSAs and HSAs

Legislation is now pending in the Senate to loosen restrictions on health savings accounts (HSAs) and flexible spending arrangements (FSAs). Read more

Insurance Industry Urges Support for Agent Licensing Reform Legislation

On June 12, NAIFA and nine other insurance industry associations sent a joint letter to Senators urging them to cosponsor legislation that would streamline agent licensing. Read more

New York Regulation Requires Life Insurers to Search Death Master File

On May 14, as a result of a New York Department of Financial Services (DFS) investigation into life insurers’ claims practices, the DFS issued a rule requiring New York life insurers to search the U.S. Social Security Administration’s Death Master File every three months in order to find recently deceased policyholders. Read more

NFIP Extended for 60 Days

In order to prevent a complete lapse in the program, on May 31 Congress passed—and President Obama signed into law—a 60-day extension of the National Flood Insurance Program (NFIP). Read more

Medigap Surcharge Proposed

House Ways and Means Health Subcommittee Chairman Wally Herger (R-CA) announced that the Subcommittee on Health will hold a June 19 hearing on the Medicare Payment Advisory Commission’s (MedPAC) June report to the Congress. Read more

Iowa Names New Insurance Commissioner

Iowa Governor Terry Brandstad named insurance industry professional Nick Gerhart as the state’s new Insurance Commissioner. Gerhart will replace Susan Voss, who is retiring at the end of the year. Read more

NAIFA Staff Outlines the Future of Health Care Reform

The Supreme Court is expected to rule on the constitutionality of President Obama’s health care reform law by the end of June. Read more

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