COBRA Notification of Termination Deadlines

2020-07-10T14:47:03+00:00

With businesses operating remotely and personnel working from home, it’s easy to miss certain important deadlines in this COVID-19 era, such as providing your COBRA Administrator with timely termination of coverage notices so that employees who have a COBRA qualifying event, such as termination of employment or reduction of hours, receive COBRA Election notices within [...]

COBRA Notification of Termination Deadlines2020-07-10T14:47:03+00:00

IRS Releases Adjusted PCOR Fee

2020-06-09T14:59:21+00:00

The annual fee to fund the federal Patient-Centered Outcomes Research Institute (PCORI), paid by employers that sponsor self-insured health plans and by commercial group health insurance providers, will go up by .09 cents per employee or dependent enrolled in the health plan from $2.45 (filed July 31, 2020) to $2.54 (filed July 31, 2021). The [...]

IRS Releases Adjusted PCOR Fee2020-06-09T14:59:21+00:00

IRS Releases 2021 HSA Limits and ACA Out-of-Pocket Maximum

2020-06-05T13:34:17+00:00

The Internal Revenue Service released its 2021 Health Savings Account Inflation Adjustment Limits. A comparison of the 2021 and 2020 limits are listed below. The ACA maximum out-of-pocket limits have also been adjusted. The ACA uses a different adjustment calculation than the IRS when setting HSA limits year over year.

IRS Releases 2021 HSA Limits and ACA Out-of-Pocket Maximum2020-06-05T13:34:17+00:00

Cafeteria Plan Changes Due to COVID-19

2020-05-27T19:06:17+00:00

On May 12, 2020, in response to the COVID-19 pandemic, the Internal Revenue Service (“IRS”) issued two notices, Notice 2020-29 and Notice 2020-33, providing relief and guidance to employers sponsoring Section 125 cafeteria plans, health flexible spending accounts, dependent care assistance programs, and qualified high deductible health plans.   Notice 2020-29 provides increased flexibility for cafeteria [...]

Cafeteria Plan Changes Due to COVID-192020-05-27T19:06:17+00:00

Extension of Certain Plan Timeframes Due to COVID-19

2020-05-14T15:40:40+00:00

On May 4th, the Employee Benefits Security Administration (EBSA), a division of the Department of Labor, and the IRS filed a joint notice which extends numerous deadlines applicable to employee benefit plans that are subject to ERISA. Health and Human Services (HHS) concurred with the notice thus extending its parameters to non-federal governmental plans as [...]

Extension of Certain Plan Timeframes Due to COVID-192020-05-14T15:40:40+00:00

Determining Self-Funded Plan Costs for PPP Loan Forgiveness

2020-05-04T19:08:29+00:00

The CARES Act, which was signed into law on March 27th, 2020, provides for Small Business Loans called the Paycheck Protection Program. These loans, later supplemented by the Paycheck Protection Program and Healthcare Enhancement Act, provide for up to $10M in forgivable loans to small businesses. Paycheck Protection Loans (PPL): In order to apply for [...]

Determining Self-Funded Plan Costs for PPP Loan Forgiveness2020-05-04T19:08:29+00:00

Paycheck Protection Program and Health Care Enhancement Act (Stimulus 3.5)

2020-04-24T15:47:30+00:00

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 [...]

Paycheck Protection Program and Health Care Enhancement Act (Stimulus 3.5)2020-04-24T15:47:30+00:00

The CARES Act Impact on Employee Benefit Plans

2020-04-09T18:08:55+00:00

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 [...]

The CARES Act Impact on Employee Benefit Plans2020-04-09T18:08:55+00:00

DG Compliance Update: Tax Credits Under FFCRA

2020-04-09T17:07:12+00:00

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 [...]

DG Compliance Update: Tax Credits Under FFCRA2020-04-09T17:07:12+00:00