Employers

Posted June 29th, 2021 in Employers, Producers, Individuals

The Equal Employment Opportunity Commission (EEOC) has been issuing COVID-19 guidance for employers dating back to March 2020. The guidance has been issued in a frequently asked question (FAQ) format and gets updated periodically. On May 28, 2021, the EEOC updated its guidance to include information for employers wanting to provide incentives to employees for receiving a COVID-19 vaccination.

Posted June 25th, 2021 in Employers, Producers, Individuals

Summer is finally here! For many people, the arrival of summer means vacations, backyard barbeques, and lots of time spent in the great outdoors. With all the summer fun you’ll be having, you’re probably going to want to stock up on some essential products to help you look and feel your best this season.

It may surprise you to learn that many of these products are FSA-eligible. That means that you can use your Flexible Spending Account to pay for them tax-free!

Posted June 17th, 2021 in Employers, Producers, Individuals

Earlier this morning, the U.S. Supreme Court dismissed a case challenging the constitutionality of the Affordable Care Act (ACA), often referred to as Obamacare. The entire ACA continues to remain as the law of the land.

Posted June 2nd, 2021 in Employers, Producers

The Affordable Care Act (ACA) created a research institute known as the Patient-Centered Outcomes Research Institute (PCORI). The goal of PCORI is to help patients and those who care for them make better-informed decisions about healthcare choices. PCORI is funded in part by fees which are charged to health plans. The following information is designed to help employers understand their upcoming payment obligations.

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Posted May 26th, 2021 in Employers, Producers, Individuals

On May 18, 2021, the Internal Revenue Service (IRS) issued Notice 2021-31 with additional guidance pertaining to the COBRA subsidies authorized under the American Rescue Plan Act of 2021 (“ARPA”). The guidance is broken up into various sections and consists of 86 different frequently asked questions (FAQs). Some details summarizing the guidance has been provided below.

Posted May 18th, 2021 in Employers, Producers

The Internal Revenue Service (IRS) has recently issued Notice 2021-26 which provides tax guidance for various provisions that have recently changed for Dependent Care Flexible Spending Accounts (DC FSAs), which are sometimes also referred to as Dependent Care Assistance Programs (DCAPs).

Posted May 13th, 2021 in Employers, Producers

Everyone knows that Flexible Spending Accounts (FSAs) save employees money on healthcare and dependent care expenses. But did you know that FSAs save employers money as well?

FSAs are one of the few benefits an employer can provide that often pays for itself—and then some! While there are expenses that will be incurred by the employer when using a third-party administrator for the FSA, there are also payroll tax savings that will offset some or all those expenses.

Posted May 12th, 2021 in Employers, Producers, Individuals

On May 10, 2021, the Internal Revenue Service (IRS) published Rev. Proc. 2021-25 which includes the 2022 limits for qualified high deductible health plans (HDHPs) and Health Savings Accounts (HSAs). Below is a summary of these limits:

Minimum Deductible to Qualify as an HDHP

• Single-only HDHP coverage = $1,400

Posted May 7th, 2021 in Employers, Producers, Individuals

The U.S. Department of Health and Human Services (HHS) recently finalized its Notice of Benefit and Payment Parameters which is also summarized in this Fact Sheet. These regulations are issued each year and make updates and changes to various provisions of the Affordable Care Act (ACA).

Posted April 28th, 2021 in Employers, Producers

The Employee Benefit Security Administration (EBSA), a division within the U.S. Department of Labor (DOL), recently published a Cybersecurity Program Best Practices document for employer plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).

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