News Archives

Blue Cross Blue Shield – Class Action Settlement

This settlement is a result of a class action lawsuit that alleges Blue Cross Blue Shield companies and affiliate companies (i.e. Anthem Blue Cross Blue Shield is an affiliate company) violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Blue Cross companies and affiliates deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.

COBRA Subsidies- Updates with Model Notices

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.

FSA Flexibility

The American Rescue Plan (ARP) of 2021 includes legislation that increases the dependent care Flexible Spending Account (FSA) limit for 2021 from $5,000 to $10,500 (from $2,500 to $5,250 for married filing single). An employer can amend its cafeteria plan...

COBRA Subsidies

On March 11, 2021, the American Rescue Plan Act of 2021 (ARP) was signed into law.  Included in the Act is a temporary 100% COBRA subsidy for COBRA qualified beneficiaries where the qualifying event was an involuntary termination of employment or reduction in hours....