The Affordable Care Act (ACA) imposes a fee on health insurance issuers and plan sponsors of self-insured health plans to help fund the Patient-Centered Outcomes Research Institute (PCORI). The PCORI fee is calculated based on the average number of lives covered under a policy or plan and is paid annually …
Effective June 26, 2021, employers subject to the federal Family and Medical Leave Act (FMLA) must provide leave to Pennsylvania employees to help them prepare for and recover from surgery related to an organ or tissue donation. Earlier this year, the Pennsylvania Living Donor Protection Act was signed into law, …
Over the years, the Affordable Care Act (ACA) has created reporting requirements under Code Sections 6055 and 6056. These rules require certain employers to provide information to the Internal Revenue Service (IRS) about the health plan coverage they either offer, do not offer, or provide to their employees. 2021 Draft …
On May 10, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-25, which provides the inflation-adjusted amounts for health savings accounts (HSAs) and high deductible health plans (HDHPs) for the 2022 plan year. As cost of living expenses continue to rise, the IRS annually adjusts the following amounts and …
On April 27, 2021, the Centers for Disease Control and Prevention (CDC) released updated guidelines detailing certain activities that fully vaccinated individuals can safely resume without the need to wear a mask. Individuals are considered fully vaccinated two weeks after their second dose of the Pfizer or Moderna vaccine, or …
The Internal Revenue Service (IRS) has issued a new fact sheet and a “snapshot” document detailing the tax credits — which are available through September 30, 2021 — for employers who opt to provide family leave and paid sick leave under the Families First Coronavirus Response Act (FFCRA) and the …
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law. It provides a 100% subsidy of applicable COBRA premiums for eligible beneficiaries and their dependents, for the time period beginning April 1, 2021 and ending no later than September 30, 2021. COBRA …
On March 23, 2021, President Joe Biden and his administration reported that the Centers for Medicare & Medicaid Services (CMS) announced that it is extending the Special Enrollment Period (SEP) — which was originally available through May 15, 2021 —for an additional three months, allowing eligible individuals to enroll in …
The American Rescue Plan Act (ARPA), signed into law March 11, 2021, provides a 100% subsidy of applicable COBRA premiums for eligible beneficiaries and their dependents, for the time period beginning April 1, 2021 and ending no later than September 30, 2021. Who is Eligible? An Assistance Eligible Individual (AEI) …
As the spring season rolls around, the Biden administration has been busy administering updated guidelines regarding COVID-19 accessibility, eligibility, and timelines. Below we have outlined the administration’s most recent announcements, as well as relaxed restrictions and an update on clinical trials surrounding vaccination of children under age 18. Vaccine Eligibility …
An HSA, or Health Savings Account, is available to individuals enrolled in high deductible health plans (HDHPs). Traditionally, HSAs are a popular type of tax-exempt medical savings account. Allocated HSA funds can be used to pay for expenses covered under an HDHP plan until their deductible has been met; or …
The $1.9 trillion relief bill, known as the American Rescue Plan, was signed by President Biden on Thursday, March 11, 2021. Additional information surrounding Emergency Paid Leave and Health Insurance in response to the COVID-19 pandemic is included in the bill and outlined below. Emergency Paid LeaveSigned into law on …
The Centers for Disease Control and Prevention (CDC) recently issued long-awaited guidance for Americans fully vaccinated against COVID-19. This is the first set of public health recommendations for fully vaccinated individuals since the beginning of the declared public health emergency. The guidance is designed to address growing demand, as more …
The constant influx of information and everchanging compliance updates surrounding the coronavirus pandemic can be overwhelming, making it strenuous to comprehend how up-to-date guidance and coverage affects one’s organization and employees. In response, the Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury have issued Frequently Asked …
On April 28, 2020, the Departments of Labor (DOL) and the Treasury issued deadline relief to help employee benefit plans, plan participants and plan service providers impacted by the COVID-19 outbreak. Thereafter, on February 26, 2021, DOL Disaster Relief Notice 2021-01 clarified the duration of this relief. The deadlines were …
