compliance
September 7, 2021
Health Savings Accounts: What You Need to Know
A health savings account (HSA) is a tax-exempt trust or custodial account set up with a qualified HSA trustee (such as a bank or insurance company) that is used to pay or reimburse certain medical expenses. HSAs were first available as of January 1, 2004, and have grown greatly in popularity. ...
September 7, 2021
Six Employer Questions to Answer Before Imposing a Surcharge on Unvaccinated Workers
Many employers are struggling to increase COVID-19 vaccination rates among their workforce, concerned not only about both the safety of the workforce but also the costs of COVID-19 treatment that could be avoided through vaccination. Some are now turning to the possibility of a higher premium ...
September 2, 2021
Notice Deadline Nearing for the End of COBRA Subsidies
COBRA subsidy ends September 30, 2021 The COBRA subsidy period under the American Rescue Plan Act (“ARPA”) is nearing its end (September 30, 2021) If required, notices must be sent by September 15, 2021 If a former employee presently covered under COBRA received a COBRA subsidy, you have a ...
August 30, 2021
Departments Defer Transparency and Disclosure Rule Enforcement, Provide FAQ Guidance
On August 20, 2021, the U.S. Departments of Health and Human Services, Labor, and Treasury (collectively, the Departments), issued FAQ guidance regarding provisions of the Affordable Care Act (ACA), the No Surprises Act (the Act) and the Consolidated Appropriations Act, 2021 (CAA). ...
August 19, 2021
Compliance Recap | July 2021
July 2021 was a quiet month in the benefits industry, largely due to the summer vacation season and the July 4th Independence Day holiday. Importantly, however, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, ...
July 27, 2021
ARPA COBRA Premium Assistance IRS Q&A Guidance
On July 26, 2021, the Internal Revenue Service (IRS) released Notice 2021-46 (Notice) to clarify lingering questions employer plan sponsors and other interested parties have been asking since the American Rescue Plan Act of 2021 (ARPA) became law this past March. The Notice supplements prior ...
July 26, 2021
No Surprise Billing Interim Final Regulations Part 2
On July 1, 2021, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, the Departments), issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping ...
July 22, 2021
IRS Issues Draft Form 1095-C
The Internal Revenue Service (IRS) recently issued the 2021 Draft Form 1095-C, which is required to be filed with the IRS by applicable large employers (ALEs), to report the offer of health coverage to employees. New Codes An ALE that offers an individual coverage health reimbursement ...
July 13, 2021
Compliance Recap | June 2021
June 2021 was not a busy month in the benefits industry, largely due to the summer vacation season and the Independence Day holiday. Importantly, however, the U.S. Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act (ACA). Additionally, the IRS unveiled ...
July 9, 2021
No Surprise Billing Interim Final Regulations Part 1
On July 1, 2021, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, the Departments), issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping ...
