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Compliance Recap | April 2020

April was a busy month in the employee benefits world. The President signed the Paycheck Protection Program and Health Care Enhancement Act (PPPHCEA). The Department of Labor (DOL) and the Department of the Treasury (Treasury) released a final rule extending certain timeframes under the ...

FFCRA Leave Department of Labor Temporary Regulations Part III

The U.S. Department of Labor (DOL) 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 ...

IRS Notice 2020-33

The Internal Revenue Service (IRS) issued IRS Notice 2020-33 (Notice) that increases the limit for unused health flexible spending account (health FSA) carryover amounts from $500 to a maximum of $550 (carried over from a 2020 plan year to a 2021 plan year), as adjusted annually for inflation. ...

IRS Notice 2020-29

The Internal Revenue Service (IRS) issued IRS Notice 2020-29 (Notice) that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020 related to employer-sponsored health coverage, health flexible spending arrangements ...

Employee Retention Tax Credit: Qualified Health Plan Expenses FAQ Update

The Internal Revenue Service (IRS) updated its COVID-19-Related Employee Retention Credits: Amount of Allocable Qualified Health Plan Expenses FAQs. The FAQs provide guidance on determining the amount of allocable qualified health plan expenses that may be treated as qualified wages for the ...

Final 2021 Benefit Payment and Parameters Rule

The Centers for Medicare & Medicaid Services (CMS) released a final rule for benefit payment and parameters for 2021. According to CMS, the final rule is intended to reduce fiscal and regulatory burdens associated with the Patient Protection and Affordable Care Act (ACA) across different ...

FFCRA Leave Department of Labor Temporary Regulations Part II

The U.S. Department of Labor (DOL) 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 ...

Updated Department of Labor Model COBRA Notices

The Department of Labor (DOL) released updated Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) model notices and frequently asked questions (FAQs) providing general information on the updated model notices. The FAQs note that the DOL provides a model general COBRA notice and ...

Sample Open Enrollment Notices Packet

Including:  Important Notice About Your Prescription Drug Coverage and Medicare: Provide this notice by October 14 to all participants and dependents who are or may become eligible for Medicare Part D in the next 12 months if the prescription drug coverage provided by the plan is “creditable.” ...

Employee Benefits Security Administration Disaster Relief Notice 2020-01

On March 13, 2020, President Trump issued the Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak and by a separate writing made a determination, under Section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, ...