Employer Guidance

The IRS released two notices (2020-29 & 2020-33) providing relief on cafeteria plan election rules and increasing the allowed health FSA carryover. These notices are not an employer requirement, rather options to consider.  Keep in mind that if you want to adopt any of the following, your plan documents must be updated and communicated to employees by issuing a Summary of Material Modifications: - Allow coverage for eligible over-the-counter (OTC) items witho... Read more
On May 4, 2020, the IRS and DOL issued a joint Notice extending various timelines that apply to COBRA elections and premium payments. The extensions are retroactive back to March 1, 2020. The extensions will be effective throughout the National Emergency and will end 60 days after the announced end of COVID-19 Outbreak Period and apply to the following areas:       COBRA Elections- COBRA continuation coverage must generally be elected by a qualified benef... Read more
The Centers for Disease Control and Prevention (CDC) states that the risk of infection in the U.S. for the general population is currently thought to be low.  As with any public health issue, the insurance carriers work with and follow the guidance and protocols issued by the CDC as well as state and local public health departments in supporting the needs of members.   What to do if you have symptoms? The CDC and health care providers ask that you c... Read more
Depression, anxiety, and other mental illnesses carry a workplace stigma that cause many employees to suffer in silence rather than to seek help. Many employees struggling with mental health issues have expressed anxiety about the possibility of losing their jobs due to productivity loss. One in five adults in the United States has a mental illness and have experienced symptoms at work, and according to a study done by the World Heath Organization, depression can be link... Read more
Employer reporting requirements and penalties for non-compliance have largely remained the same even though the individual penalty payment is no longer applicable. Forms 1094/1095-B (B Forms) and Forms 1094/1095-C (C Forms), and related instructions, for the 2019 tax year have been released and are provided below. Employers Subject to Reporting Applicable large employers (ALEs), who are in general, entities that employed 50 or more full-time and full-time-equiva... Read more
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