Patient-Centered Outcomes/Comparative Effectiveness (PCORI) Fee FAQ - Updated 2021

Posted by Matt Schwartz on Tue, Jun 15, 2021 @ 09:06 AM

The Patient-Centered Outcomes Research Institute (PCORI) fee initially applied from 2012 to 2019. However, in December 2019, the Further Consolidated Appropriations Act, 2020 extended the fee to 2029.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

2021 Patient-Centered Outcomes Research Institute (PCORI) Fee

Posted by Matt Schwartz on Thu, Jun 10, 2021 @ 08:06 AM

The Patient-Centered Outcomes Research Institute (PCORI) fee deadline is around the corner. In
Notice 2020-84, the IRS adjusted the applicable dollar amount to be multiplied by the average number of covered lives for purposes of calculating the fee for policy years and plan years that end on or after October 1, 2020, and before October 1, 2021.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Compliance Recap - May 2021

Posted by Matt Schwartz on Wed, Jun 9, 2021 @ 10:06 AM

May 2021 was a somewhat busy month in the benefits industry. The absence of a significant amount of agency guidance during the summer months is to be expected. However, the IRS finally issued guidance on the temporary 100% COBRA subsidy mandated by the American Plan Rescue Act of 2021, following guidance issued by the DOL.

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Topics: Compliance Issues, Employee Benefits, COVID-19

IRS Guidance on Reduction in Hours for COBRA Subsidy Eligibility

Posted by Matt Schwartz on Tue, Jun 1, 2021 @ 09:06 AM

The IRS recently issued IRS Notice 2021-31 in the form of FAQs, which provides extensive guidance on the COBRA subsidy under the American Rescue Plan Act of 2021 (ARP).

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Topics: Compliance Issues, Employee Benefits, COVID-19

Webinar: Complicated Issues Under the COBRA Subsidy Rules

Posted by Matt Schwartz on Tue, May 25, 2021 @ 09:05 AM

Tuesday, June 8, 2021
2:00 p.m. Eastern

On May 18, 2021, the IRS issued IRS Notice 2021-31 in the form of FAQs, which provides extensive guidance on the COBRA subsidy under the American Rescue Plan Act of 2021 (ARP).

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Topics: Compliance Issues, Employee Benefits, COVID-19

IRS Guidance on Involuntary Termination for COBRA Subsidy Eligibility

Posted by Matt Schwartz on Fri, May 21, 2021 @ 11:05 AM

On May 18, 2021, the IRS issued IRS Notice 2021-31 in the form of FAQs, which provides extensive guidance on the COBRA subsidy under the American Rescue Plan Act of 2021 (ARP).

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Topics: Compliance Issues, Employee Benefits, COVID-19

Compliance Recap - April 2021

Posted by Matt Schwartz on Mon, May 17, 2021 @ 09:05 AM

April was a busy month in the benefits industry, largely due to the temporary 100% COBRA subsidy mandated by the American Plan Rescue Act of 2021 (the ARP).

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Topics: Compliance Issues, Employee Benefits, COVID-19

Employer Tax Credit for Vaccination Leave

Posted by Matt Schwartz on Fri, May 7, 2021 @ 11:05 AM

The American Rescue Plan Act of 2021 (ARP) allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations.

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Topics: Compliance Issues, Employee Benefits, COVID-19

DOL Guidance on Fiduciary Cybersecurity for Employee Benefit Plans

Posted by Matt Schwartz on Wed, May 5, 2021 @ 10:05 AM

The U.S. Department of Labor (DOL) recently announced new guidance for plan sponsors, plan fiduciaries, record keepers and plan participants on best practices for maintaining cybersecurity. Although much of the guidance is intended to protect retirement benefits, the rules also generally apply to health and welfare benefits subject to the Employee Retirement Income Security Act of 1974 (ERISA).

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Topics: Compliance Issues, Employee Benefits

Webinar: Mental Health Parity and Addiction Equity Act

Posted by Matt Schwartz on Mon, May 3, 2021 @ 09:05 AM

Tuesday, May 11, 2021

2:00 p.m. Eastern

The Mental Health Parity and Addiction Equity Act (MHPAEA) was amended by the Consolidated Appropriations Act, 2021. The MHPAEA generally applies to group health plans and health insurance issuers that provide coverage for either mental health or substance use disorder (MH/SUD) benefits as well as medical/surgical benefits.

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Topics: Compliance Issues, Employee Benefits, Learning Events