Compliance Recap - October 2020

Posted by Matt Schwartz on Thu, Nov 19, 2020 @ 11:11 AM

October was a busy month in the employee benefits world. The Department of Health and Human Services (HHS) renewed the public health emergency due to COVID-19 which took effect on October 23, 2020.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Updated: HRAs, HSAs and Health FSAs - What's the Difference?

Posted by Matt Schwartz on Fri, Nov 13, 2020 @ 11:11 AM

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.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Final Rules on Coverage Transparency

Posted by Matt Schwartz on Thu, Nov 5, 2020 @ 11:11 AM

Part One

On October 29, 2020, the Internal Revenue Service (IRS), Department of Labor (DOL), and the Department of Health and Human Services (HHS) (collectively, Departments), released final rules on coverage transparency.

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Topics: Compliance Issues, Employee Benefits

The U.S. Supreme Court and the Future of the Affordable Care Act

Posted by Matt Schwartz on Fri, Oct 30, 2020 @ 11:10 AM

Part One

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. Justice Barrett’s vote could be a deciding factor on whether the ACA remains law.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

2020 ACA Reporting for Individual Coverage HRAs

Posted by Matt Schwartz on Mon, Oct 26, 2020 @ 09:10 AM

The IRS recently released final instructions for both the 1094-B and 1095-B forms and the 1094-C and 1095-C forms and the final forms for 1094-B, 1095-B, 1094-C, and 1095-C. The forms have generally remained unchanged from prior years. As a reminder, individuals do not pay a penalty for failure to have health coverage.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Compliance Recap - September 2020

Posted by Matt Schwartz on Fri, Oct 16, 2020 @ 11:10 AM

September was a relatively quiet month in the employee benefits world. President Trump issued an executive order on An America-First Healthcare Plan, noting the Administration’s actions on healthcare and planned actions going forward.

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Topics: Compliance Issues, Employee Benefits

Update on IRS Notice 2020-76

Posted by Matt Schwartz on Thu, Oct 8, 2020 @ 11:10 AM

As the deadline for reporting of group health coverage offered in 2020 under the Patient Protection and Affordable Care Act (ACA) approaches, the Internal Revenue Services (IRS) has issued IRS Notice 2020-76 (Notice) regarding deadline extensions and requirements as it has done in prior years.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Medicare Part D Notice Due by October 14, 2020

Posted by Matt Schwartz on Fri, Oct 2, 2020 @ 11:10 AM

The Center for Medicare/Medicaid Service (CMS) requires employers to provide an annual “Notice of Creditable Coverage” to all Medicare-eligible employees and their beneficiaries, or ALL employees if you do not track Medicare-eligibility, before October 15 of this year.

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Topics: Compliance Issues, Employee Benefits

Families First Coronavirus Response Act - DOL Reacts to Court Decision Partially Invalidating Temporary Regulations

Posted by Matt Schwartz on Thu, Sep 24, 2020 @ 08:09 AM

The U.S. Department of Labor (DOL) has released updated 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).

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Topics: Compliance Issues, Employee Benefits

Webinar: How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds

Posted by Matt Schwartz on Fri, Sep 18, 2020 @ 11:09 AM

Tuesday, October 13, 2020
2:00 p.m. ET / 11:00 a.m. PT

Join us this month for an overview of the Medical Loss Ratio (MLR) and when employers will be entitled to an MLR rebate. We will discuss employer obligations regarding MLR rebate funds or other insurance refunds and the options that are available to employers when keeping a portion of the rebate and distributing a portion of the rebate to plan participants.

This webinar will:

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Topics: Compliance Issues, Employee Benefits, Learning Events