Even though Labor Department reports show that fewer than 15% of private sector employees are covered by paid leave programs, more states are looking for ways to help employees cope with the difficulties of caring for family members of all ages. In addition to California, New Jersey and Rhode Island that have had programs in place for a long time, [...]
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The House and Senate have passed the "Paycheck Protection Program and Health Care Enhancement Act" (Stimulus 3.5). The bill provides $484 billion in additional funding to supplement programs under the CARES Act. The bill includes further aid to small businesses and hospitals, as well as funding for coronavirus testing. Below are some of the key provisions in [...]
Whether you refer to it as Reference Based Pricing, Medicare Reference, Cost Plus or something else, the important thing is to understand what it is and why it’s being used to lower health plan costs. Health plans with reference based pricing provide high quality coverage at a lower cost by using Medicare fee schedules as [...]
The IRS released Notice 2020-23 on April 9, 2020, which postpones until July 15, 2020 the filing of many federal tax returns and the payment of taxes that had been due on or after April 1, 2020 and before July 15, 2020. Any tax return or payment due on or after April 1, 2020, and before [...]
Record numbers of generic drugs that could provide much needed relief for Americans with serious medical conditions are failing to come to market because of litigation and the filing of additional patents by brand-name drug manufacturers. The number of generic approvals has set records during each of the past 3 years. In fact, the FDA [...]
CARES Act Employee Benefit Impact High Deductible Health Plans payment for tele-health. Effective immediately, the CARES Act creates a temporary safe harbor allowing HDHPs to cover telehealth services and other remote care without cost to plan members before plan members’ deductibles are met. This temporary safe harbor applies to all HDHPs, including those with plan members using [...]
This blog was published on April 3, 2020 International's Foundation of Employee Benefits Plans Blog, written by Robbie Hartman, CEBS. Photo source: blog.ifebp.org. In rapid time, the coronavirus has upended the benefit industry’s way of work. Most offices stand empty or operate with a skeleton crew, as employees and plan participants keep their distance and work [...]
The Families First Coronavirus Response Act (FFCRA) signed into law on March 18th included two temporary expanded paid leave options that are mandatory for employers with fewer than 500 employees. Additionally, there are tax credits available for employers that have paid employees with one of these two emergency leave provisions (outlined below). The chart below [...]
If Florida House Bill HB59 becomes law, Floridians will be able to use video conferencing technology to speak with a pharmacist and obtain prescription drugs dispensed by automated pharmacy systems or vending machines. The systems, manufactured by Canadian company MedAvail, are currently in use in hospitals located in Jacksonville and Miami, Florida. [...]
The Department of Labor recently published The Families First Coronavirus Response Act (FFCRA) employee’s notification poster. According to the Department of Labor, each covered employer (i.e., employers with fewer than 500 employees) must post the FFCRA Notice Poster in a conspicuous place on its premises. Covered employers may satisfy this requirement by emailing or direct mailing [...]