A health savings account (HSA) is a tax-exempt trust or custodial account set up with a qualified HSA trustee (such as a bank or insurance company) that is used to pay or reimburse certain medical expenses. HSAs were first available as of January 1, 2004, and have grown greatly in popularity. An eligible individual (with […]
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Compliance Recap: July 2020
July was a busy month in the employee benefits world. The U.S. Supreme Court (Supreme Court) upheld the religious exemption and moral exemption final rules to the Patient Protection and Affordable Care Act (ACA) contraceptive mandate. The Internal Revenue Service (IRS) released the indexed 2021 ACA affordability percentage. The President signed a law extending the […]
Read moreWebinar: Counting Employee Hours Under ACA Eligibility Rules in Light of COVID-19
Tuesday, August 11, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now The Patient Protection and Affordable Care Act (ACA) specifies when employers of a certain size must offer their employees health plan coverage. The ACA contains specific rules for counting employee hours when determining employer size and determining which employees must be offered […]
Read moreProposed Rules on Grandfathered Group Health Plan Coverage
In response the President’s Executive Order 13765 “Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal” issued on January 20, 2017, the Department of Health and Human Services (HHS), Department of Labor (DOL), and the Department of the Treasury (Treasury) (collectively, the Departments), issued proposed rules for grandfathered health plans […]
Read moreWebinar: Recent Timeframes, Cafeteria Plan, and Account-Based Plan Relief for Group Health Plans due to COVID-19
Tuesday, July 14, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now On March 13, 2020, President Trump issued the Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak and by separate letter made a determination, under Section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, […]
Read more2021 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 […]
Read moreWebinar: 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 […]
Read moreWebinar: 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 […]
Read moreWebinar: 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 […]
Read moreCompliance 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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