( 3 MINUTE READ ) In the latter half of this two-part series, we pick up on some additional reasons employers decide to halt performance reviews due to the coronavirus (COVID-19) pandemic and resulting workplace changes. As a recap, part one addressed waiting until things go back to “normal” and not wanting to give more […]
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Happy Thanksgiving!
Our offices will be closing at 3pm on Wednesday, November 25th and will reopen on Monday, November 30th, as we celebrate Thanksgiving. From our family to yours, have a wonderful Thanksgiving.
Read morePandemic Performance Reviews – Should They Stay or Should They Go? (Part 1)
( 3 MINUTE READ ) After reading the headlines of the morning paper or skimming your online newsfeed, it is hard to deny that 2020 has been a year of dramatic change. From the coronavirus (COVID-19) outbreak to increased regulations around international travel and the uptick in children and parents learning and working from home, […]
Read moreHRAs, HSAs, and Health FSAs – What’s the Difference?
( 15 MINUTE READ ) 10/26/20 Update: Updated for the 2021 EBHRA limit, 2021 Health FSA limit, and 2021 QSE HRA limit. Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has his or her own account, […]
Read moreHealth Reimbursement Arrangements Comparison Chart
( 15 MINUTE READ ) 10/26/20 Update: Updated for the 2021 EBHRA limit, 2021 Health FSA limit, and 2021 QSE HRA limit. In June 2019, the Department of the Treasury (Treasury), Department of Labor (DOL), and Department of Health and Human Services (HHS) (collectively, the Departments) published their final rules regarding health reimbursement arrangements (HRAs) […]
Read moreUpdate on Tri-Agency Final Rules on Health Reimbursement Arrangements
( 60 MINUTE READ ) 10/19/20 update: Under IRS Rev. Proc. 2020-43, the $1,800 excepted benefit health reimbursement arrangement (EBHRA) limit will remain at $1,800 for plan years beginning after December 31, 2020, and before January 1, 2022. On September 30, 2019, the Internal Revenue Service (IRS) published its proposed rules to clarify how the […]
Read moreThe U.S. Supreme Court and the Future of the Affordable Care Act
( 5 MINUTE READ ) Amy Coney Barrett was sworn in as President Trump’s third U.S. Supreme Court (Supreme Court) Justice on October 26, 2020, to fill the seat vacated by Justice Ruth Bader Ginsburg’s death. During the contentious confirmation hearings, along political party lines, Justice Barrett was continuously questioned regarding her views on the […]
Read moreWebinar: Group Health Plan Tasks Employers Should Complete by Plan Year-End and Open Enrollment Considerations
Tuesday, November 10, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now Join us this month for an overview of the essential group health plan tasks that should be completed by the end of the plan year and considerations for running a compliant open enrollment period. This webinar will: Provide an overview of whether […]
Read moreIRS Extends 2020 ACA Deadlines
( 2 MINUTE READ ) On Friday, October 2, 2020, the IRS released important guidance concerning employers’ obligations under the Affordable Care Act. IRS Notice 2020-76 applies to Internal Revenue Code (IRC) 6055 and 6056 reporting for 2020 and other ACA compliance items. The notice extends the IRS deadline to furnish 1095-C and 1095-B forms […]
Read moreCompliance Questions of the Month
Question: We have an employee who was laid off in April due to COVID. During this time he elected COBRA. He currently owes $10,000 in COBRA premiums. We are in the processing of rehiring him. Can we make him pay the past due COBRA premiums now that he will be working again? Answer: No. On May 4, 2020, […]
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