This checklist is designed to help companies review the key reporting and notice requirements that may apply to their employer-sponsored group health plans under ERISA (the Employee Retirement Income Security Act). Please note that this list is for general reference purposes only and is not all-inclusive. Click to download entire checklist.
The Consolidated Appropriations Act of 2021 (CAA) that was passed on December 27, 2020 is known primarily for its third round of direct payment stimulus checks. However, there were additional health benefit related provisions including: (1) expanded relief for health and dependent care flexible spending arrangements; (2) new reporting requirements for commission and similar compensation; [...]
On March 10th, the American Rescue Plan Act of 2021(ARPA) was passed by both chambers of Congress and is expected to be signed by the President this week. The Act addresses several COVID relief provisions including another round of direct stimulus payments, unemployment compensation payments continuation, COVID-19 vaccine funds, and extension of the paycheck protection [...]
On December 27, 2020, the President signed into law the Consolidated Appropriations Act of 2021 (CAA). The Act contains several provisions that impact healthcare plans and also includes several rules extending COVID relief. Below is a brief summary of the CAA provisions pertaining to employer sponsored health and welfare plans. CAFETERIA PLANS: The CAA allows [...]
Earlier this month, Diversified Group notified our clients (access blog here) that the Families First Coronavirus Response Act (FFCRA) leave requirements were set to expire on 12/31/20. FFCRA allowed for paid FMLA and up to 80 hours of paid sick leave under certain coronavirus related circumstances. The provision was mandatory for employers with fewer than [...]
On June 25, 2019, Governor Ned Lamont signed into law Connecticut’s Paid Family and Medical Leave law (CTPFML). Below are some highlights from the new law updated with the most recent developments. Despite setbacks due to COVID 19 issues, the deadline to begin collecting contributions in 2021 remains intact. The new CTPFML program will expand the [...]
On October 29, 2020, the Departments of Health and Human Services (HHS), Treasury, and Labor issued the “transparency in coverage” final rule. This rule imposes new requirements on group health plans to disclose cost-sharing estimates at the request of an enrollee and publicly release negotiated rates for in-network providers, historical out of network allowed amounts [...]
In late January 2020, The Department of Health and Human Services (HHS) issued a public health emergency declaration. Several payment policies and regulatory adjustments are attached to the public health emergency, including the Medicare inpatient 20% add-on payment, Medicaid matching rates, requirements that insurers and health plans cover COVID-19 testing without cost-sharing, and waivers of telehealth restrictions. [...]
On October 2nd, the IRS issued notice 2020-76, which extends the deadline for employers and other coverage providers to distribute forms 1095-B and 1095-C to individuals for the 2020 reporting year. The due date for furnishing the 2020 Form 1095-B and the 2020 Form 1095-C to applicable individuals is extended from January 31, 2021 to March [...]
On June 25, 2019, Governor Ned Lamont signed into law Connecticut’s Paid Family and Medical Leave law (CTPFML). Below are some highlights from the new law updated with the most recent developments. Despite setbacks due to COVID 19 issues, the deadline to begin collecting contributions in 2021 remains intact. The new CTPFML program will expand the [...]
