Quick Facts: The Affordable Care Act (ACA) requires health insurance issuers and employers that sponsor self‐insured health plans to pay Patient‐Centered Outcomes Research Institute fees (PCORI fees). Though the PCORI fee was scheduled to expire for plan years ending on or after October 1, 2019, it was extended to plan years ending on or before September
Quick Facts: On May 12, 2020, the Internal Revenue Service (“IRS”) released Notices 2020-29 and 2020-33, collectively providing guidance related to cafeteria plan elections, health flexible spending accounts (“Health FSAs”), and dependent care assistance programs (“DCAPs”).
Quick Facts: The Department of Labor (DOL) and the Department of Treasury (IRS) jointly issued a final rule extending several specific notice time frames applicable under HIPAA, COBRA, and ERISA. The rule also extends the time frames for COBRA elections,
What you need to know: Various health insurance carriers–currently including Blue Cross Blue Shield of Michigan and Blue Care Network, Priority Health, and HAP–are allowing employers to extend coverage
Quick Facts: The Families First Coronavirus Response Act (the “Act”) was passed by Congress and has been signed by the President. It includes significant provisions that apply to private employers with fewer than 500 employees… Read More
Quick Facts: Please review the key points below to determine if this legislative update is pertinent to your business… Read More
Starting with the 2019 tax year, the individual mandate penalty no longer applies. As a result, individuals won’t be penalized for lacking medical coverage… Read More