As members of the National Association of Health Underwriters (NAHU) we receive weekly bulletins on benefit related topics, mostly focused on health insurance. Here are topics of interest from week ending April 16, 2021.
As members of the National Association of Health Underwriters (NAHU) we receive weekly bulletins on benefit related topics, mostly focused on health insurance. Here are topics of interest from April 9, 2021.
COBRA Premium Assistance under the American Rescue Plan Act of 2021 requires employers to provide free COBRA coverage to eligible employees (and family members) between April 1, 2021 and September 30, 2021. Additional employer obligations are required during this period, including new COBRA election periods and notices. Employers will be reimbursed for the subsidized coverage through payroll tax credits.
The IRS extends the 2020 HSA contribution deadline to May 17th. The extension is applicable to after-tax HSA contributions, not pre-tax contributions through payroll deductions.
On Thursday, January 28, 2021, Kentucky rolled out a new website and hotline to assist Kentuckians so they can decide if they are eligible to be vaccinated. For more information and resources on vaccines in Ohio and Indiana, go to our COVID-19 alert page.
While employers are thinking through how best to prepare and support their employees from a health, education, safety, and legal perspective, some have reached out to us with questions.
Employer reporting requirements and penalties for non-compliance are due in March. The IRS released instructions and 1094/1095-B and C Forms for the 2020 tax year.
Beginning in 2022 certain non-network providers, high cost air ambulances and ancillary providers for emergency services will be prohibited from balance billing for surprise services without consent. The law applies to group health plans and health insurance carriers in the individual and group markets .