Insights - Bim Group

Recent Insights

2021 Health Savings Account and High Deductible Health Plan Inflation Adjusted Amounts

The Internal Revenue Service (IRS) released Rev. Proc. 2020-23 that provides the 2021 inflation-adjusted amounts for health savings accounts (HSAs) and HSA-qualifying high deductible health plans (HDHPs). The 2021 annual HSA contribution limit is $3,600 for individuals with self-only HDHP coverage (a $50 increase from the $3,550 contribution limit in 2020). The 2021 annual HSA […]

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Webinar: Leave Policies and Handling Health Plan Benefits When Employees Return from Leave Due to COVID-19

Tuesday, June 9, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now This webinar will help employers by going over best practices for leave policies, handling group health plan benefits for employees that are taking leave, and handling group health plan benefits when employees return from leave. This webinar will: Discuss best practices for […]

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Webinar: COVID-19 Cost Impact Analysis

You’re invited to join us for our COVID-19 Cost Impact Analysis webinar on Tuesday, May 26, 2020 at 11:00AM EST! Register Here We are without a doubt living in unprecedented times, and you probably have a ton of questions around the topic of COVID-19 and how it has (and will continue to) impact the cost of your […]

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Webinar: What Employers Need to Know about Notice and Disclosure Requirements for Group Health Plans

Tuesday, May 12, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now This webinar will help plan sponsors to understand the compliance issues surrounding retiree health plan coverage. This webinar will: Discuss notices that should be provided at open enrollment, such as ERISA notices, Medicare Part D creditable coverage disclosure, HIPAA notice of privacy […]

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Compliance Recap: March 2020

March was a busy month in the compliance world! The Department of Labor (DOL) issued a bulletin stating that it will not bring enforcement actions against any public or private employer for violations of the Families First Coronavirus Response Act (FFCRA) occurring within 30 days of the Act’s enactment, which is March 18, 2020, through […]

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The Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program Update

The Department of the Treasury (Treasury) and the Small Business Administration (SBA) issued frequently asked questions (FAQs) on the Paycheck Protection Program (PPP) established under the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The PPP provides small employers with an incentive to keep workers on their payroll during the COVID-19 crisis. Under the […]

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Families First Coronavirus Response Act Leave Department of Labor Temporary Regulations — Part 1

The U.S. Department of Labor (DOL) has released temporary regulations implementing the Emergency Family Medical Leave Expansion Act (EFMLEA) and the Emergency Paid Sick Leave Act (EPSLA) provisions under the Families First Coronavirus Response Act (FFCRA). The EFMLEA provides qualifying employees with paid sick leave during the COVID-19 crisis to care for a child absent […]

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The Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act is the third phase in Congress’ response to COVID-19 following the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families […]

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The Coronavirus Aid, Relief, and Economic Security Act FFCRA Amendments and Benefit Provisions

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act is the third phase in Congress’ response to COVID-19 following the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families […]

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Webinar: What Employers Need to Know About Retiree Coverage

Tuesday, April 14, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now This webinar will help plan sponsors to understand the compliance issues surrounding retiree health plan coverage. This webinar will: Discuss which health care reform mandates and HIPAA portability rules retiree-only coverage is exempted from Discuss whether retirees that are included in a […]

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