Need help enrolling in individual health insurance?
Need help enrolling in Individual Health Insurance?
We can help you find the best carrier and health plan that meets your needs. Please complete this form to receive a quote. After you have completed the form click the link below to submit securely to Bolton Partners. A member of our team will follow up with you within 48 hours.
If you prefer to speak with someone please call Margie Turlik at 443-573-3937.
Please note, this service is currently only offered in: Maryland, Washington D.C., Virginia, Delaware and Pennsylvania.
Summary of Recent Changes to the Amount of PBGC Premiums and Funding Stabilization
MP-2015 Mortality Improvement Scale
The Society of Actuaries (SOA) released a new mortality improvement scale (MP-2015) in October 2015. This new scale was developed just one year after the release of the RP- 2014 mortality tables and the MP-2014 Mortality Improvement Scale. RP-2014 and MP- 2014 were developed using results of the first comprehensive mortality study by the SOA since 2000.
A-2015-19: Changes in Determination Letter Program for Employee Plans
Due to severe resource cuts, the IRS has announced major changes to its Determination Letter program. Effective immediately, the IRS will no longer accept “off cycle” applications. Also, effective 1/1/2017, the IRS will no longer accept ANY applications except in three limited situations:
1. Initial plan set-up
2. Plan Termination
3. Other very limited circumstances yet to be determined
(IRS invites comments by 10/1/2015 on this topic)
Cycle A plans will still be able to file for a determination letter by the current due date of 1/31/2017. After that, the current five-year cycle that was started in 2007 will be eliminated.
The IRS hopes to issue more Model Amendments going forward to help plan sponsors stay in compliance. This change in the determination letter process will place an even heavier responsibility on the plan sponsor, legal counsel, actuaries, and other plan advisors to keep plans in compliance with all legislative and regulatory changes without the benefit of a five-year “check up” from the IRS.
IRS Notice 2015-49: Offer of Lump Sum Payment to Currently Retired Defined Benefit Plan Participants No Longer Allowed
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Bolton Partners is an employee benefits consulting firm that specializes in actuarial pension consulting and health and welfare consulting for corporate, public sector, and multi-employer organizations. Our sister company, Bolton Partners Investment Consulting Group, provides investment consulting services and benchmarking for both defined contribution and defined benefit plans. The firm was founded in 1981 by Robert Bolton and now has over 100 employees with locations in Baltimore, MD, Washington, D.C., Boca Raton, FL, Philadelphia, PA, Denver, CO and Atlanta, GA. Bolton Partners has a national client base, and our sole focus is to provide the best service for our clients.
“The hallmarks of our company are independence, integrity, technical excellence, and a passion for client service.”
- Robert G. Bolton, CEO
Health & Welfare Consulting
Actuarial & Consulting Services for Insurers, ACOs & Regulators
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