05 Feb Consolidated Appropriations Act: Employee Benefits Provisions
The Consolidated Appropriations Act, 2021 (CAA), which was signed into law on Dec. 27, 2020, includes a $900 billion coronavirus relief package that provides funding to individuals and businesses.
15 Jan EEOC Issues Opinion Letter on ICHRAs and the ADEA
A Jan. 7, 2021 opinion letter from the U.S. Equal Employment Opportunity Commission (EEOC) addresses employer contributions to Individual Coverage Health Reimbursement Arrangements (ICHRAs) and compliance with the Age Discrimination in Employment Act of 1967 (ADEA).
The letter clarifies that an employer may offer an ICHRA under two scenarios without giving rise to ADEA liability:
15 Jan 5 Steps for Year-round Benefits Engagement
Open enrollment is something you probably only think about a few times a year.
For employees, it might be even less often. And that’s unfortunate because that means employees may not be maximizing their benefits. That’s why it’s important to touch on benefits throughout the year—to ensure employees are making the most of them.
30 Dec 2021 ACA Reporting Deadlines
Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2020 calendar year is due in early 2021. Specifically, reporting entities must:
- File returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday (or March 31, 2021, if filing electronically); and
- Furnish statements to individuals by March 2, 2021.
18 Dec Proposed Notice of Benefit and Payment Parameters for 2022
On Dec. 4, 2020, the Department of Health and Human Services (HHS) published its proposed Notice of Benefit and Payment Parameters for 2022.
Proposed standards in the rule include: