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Employee Benefits Weekly Digest – October 13, 2020
- October 13, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Coronavirus (COVID-19), Employee Benefits
No CommentsIn This Digest – HHS Renews COVID-19 Public Health Emergency Determination Affecting Group Health Plans / No Extension of Time to Provide Medicare Part D Notices / Text of Executive Order: An America-First Healthcare Plan / What is a Typical Open Enrollment Period? / Supreme Court to Hear ERISA Preemption Dispute / 2020 ERISA Welfare Plan Checklist for Participant Disclosures
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Benefits Bulletin – Extended Deadline for ACA Reporting, Final Extension of Good Faith Reporting Relief
- October 12, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform, Human Resources
On Oct. 2, 2020, IRS Notice 2020-76 extended the due date for furnishing forms to individuals under Sections 6055 and 6056 for 2020 to March 2, 2021. This Notice also provides a final extension of good-faith transition relief from penalties related to 2020 ACA reporting and provides additional penalty relief related to failures to furnish
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Employee Benefits Weekly Digest – September 15, 2020
- September 15, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Coronavirus (COVID-19), Employee Benefits
In This Digest – Health Care Costs for 2020 Likely to Be Lower Than Expected / Impact of the COBRA Extension Interim Final Rule / Compendium of State Regulatory Materials for Health Insurance Operations and Coverage Related to the COVID-19 Pandemic / HIPAA Covered Entities and Business Associates Need an IT Asset Inventory List, OCR
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Acrisure Agency Partner Webinar – Understanding the FFCRA – Sept. 10, 2020
- September 8, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Coronavirus (COVID-19), Events/Webinars, Human Resources
Join us on Thursday, September 10, 2020, at 11:00 AM EDT for an important update on the FFCRA! Registration Link: https://attendee.gotowebinar.com/register/197302273300543759 The Families First Coronavirus Response Act (FFCRA) came into effect on April 1, 2020, in an effort to provide relief to working Americans impacted by COVID-19 through Emergency Paid Sick Leave and Emergency FMLA
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Benefits Brief – Medicare Part D Notice of Creditable Coverage – September 2020
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Human Resources
Group health plan sponsors must provide the annual Medicare Part D creditable coverage disclosure notices to Medicare-eligible individuals before Oct. 15, 2020 — the start date of the annual enrollment period for Medicare Part D. This Benefits Brief summarizes the requirements.
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Benefits Brief – Medical Loss Ratio (MLR) – August 2020
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits
The ACA’s Medical Loss Ratio (MLR) rules require health insurance issuers to spend 80 to 85 percent of their premium dollars on medical care and health care quality improvement activities. Issuers that do not meet the applicable MLR (medical loss ratio) standard must pay rebates to consumers. The next round of rebates is due by
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2020 Compliance Webinar Calendar (3nd Edition, Sept-Dec)
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Events/Webinars, Human Resources
September: Navigating the Complex Landscape of Wellness Programs / October: Timely ADA Issues for Employers / November: 2020 ACA Reporting – Preparations for ALEs and Sponsors of Self-Insured Coverage / December: HR Considerations for 2021
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Benefits Brief – Voluntary Plans Safe Harbor from ERISA – August 2020
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Human Resources
Voluntary benefits plans are becoming more and more popular given the current market. With the addition of voluntary plans, it is important that employers also consider their new compliance requirements. This Benefits Brief will address these considerations and requirements.
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Benefits Bulletin – Increased ACA Affordability Percentage for 2021
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform, Human Resources
On July 21, 2020, the IRS issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for purposes of determining the affordability of an employer’s plan under the ACA. This ACA Compliance Bulletin describes the adjusted percentages.
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Benefits Brief – 2021 HSA and HDHP Limits – June 2020
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits
On May 20, 2020, the IRS released the inflation-adjusted limits for HSAs and HDHPs for 2021. These limits include: (1) the maximum HSA contribution limit, (2) the minimum deductible amount for HDHPs, and (3) the maximum out-of-pocket expense limit for HDHPs. This Benefits Brief shows the new limits for 2021, as compared to the limits