Information Regarding Coronavirus (COVID-19) - Bim Group

Information Regarding Coronavirus (COVID-19)

The continued spread of COVID-19 across our region has growing implications for employers and employees. We continue to monitor the status of COVID-19 and how it impacts our clients and the Bim Group teamInsurance carriers and third-party administrators have begun to assess the impact of this event as it relates to potential benefit plan modifications/accommodations.  Many of our clients are already receiving information directly from their benefits carriers on the latest information as it relates to their plans.  We are also actively communicating with our carrier partners to educate our internal team on pertinent information and to ensure that our clients are receiving timely and effective communication to pass along to plan participants.  

As we navigate this situation, please know that we are committed to maintaining an open line of communication with our clients.   

We believe that the most urgent and time-sensitive inquiries specific to anyone impacted by COVID-19 in your organization are best addressed directly with your carrier; however, we stand ready to assist in any way to include intervening with the carriers as necessary to obtain needed information. 

Additionally, we are taking measures to ensure our internal team continues to be operational even if business conditions change.  Because of the infrastructure we have in place, we are confident that there would be limited disruption to our operations in the event it becomes necessary to shift to remote-based work for a period of time.   

For educational purposes, we have also provided the links below to assist with additional information regarding COVID-19 from a health and employer perspective.  

Centers for Disease Control and Prevention (CDC) – Coronavirus Disease (COVOID-19)

Comprehensive And Updated FAQs For Employers On The COVID-19 Coronavirus

 

 

Recent Insights

April 1, 2020
DOL, Employer Mandate

Families First Coronavirus Response Act Notice – Labor Posters Mandatory Update

A mandatory labor law notice has been released – the Families First Coronavirus Response Act Notice. This notice must be displayed in the workplace and emailed to those working from home by April 1. The mandatory posting applies to “All employers covered by the paid sick leave and expanded family and medical leave provisions of […]
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March 25, 2020
Health Savings Account, IRS, News

IRS Extends HSA Contribution Deadline to July 15, 2020

Yesterday, March 24, 2020 the Internal Revenue Service (IRS) indicated that it has extended tax filing and payment deadlines from April 15, 2020 to July 15, 2020 due to the ongoing COVID-19 pandemic. You can view the official notice here. In addition, the deadline for 2019 contributions to IRAs and Health Savings Accounts is also […]
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March 20, 2020
Compliance Alert, Human Resources, News, Notices

Family First Coronavirus Response Act

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Family First Coronavirus Response Act (Act) on March 18, 2020. The Act is an economic stimulus plan that affects coverage and cost-sharing for COVID-19 testing and provides expanded federal family and medical leave and a new federal paid sick leave […]
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March 19, 2020
Compliance Alert, News

Introducing Tuesday Talk with Bim! LIVE Compliance Q&A Sessions

We invite you to join Tuesday Talk with Bim, our NEW live Facebook discussion series hosted by Deanna Sizemore, Bim Group’s Director of Compliance. Deanna will be on Facebook Live to answer any general compliance questions you have in real-time. In light of the current pandemic, this is a great opportunity to ask any COVID-19 […]
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