Buried in the year-end Consolidated Appropriations Act (CAA) is a provision that requires group health plan brokers and consultants to make comprehensive fee disclosures similar to those that apply to retirement plans. As...more
1/28/2021
/ Benefit Plan Sponsors ,
Brokers ,
Compliance ,
Consolidated Appropriations Act (CAA) ,
Consultants ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Group Health Plans ,
Fee Disclosure ,
Health and Welfare Plans ,
Reporting Requirements ,
Required Documentation ,
Retirement Plan
It’s hard to believe August is already here, and with 2021 annual enrollment and year-end rapidly approaching, there are a number of issues health and welfare plan sponsors should be thinking about now.
Here’s a list of...more
On May 12, 2020, the Internal Revenue Service (IRS) issued Notice 2020-29 (the Notice), an important piece of guidance for employers that sponsor health & welfare plans.
The Notice provides much-needed flexibility for...more
On May 12, 2020, the Internal Revenue Service (IRS) issued Notice 2020-33 (the Notice), which increases the maximum health flexible spending account (FSA) carryover limit. The Notice also addresses a gap in existing guidance...more
5/21/2020
/ Cafeteria Plans ,
Carryover Basis ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Flexible Spending Accounts ,
FSA ,
ICHRA ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Popular
As the COVID-19 pandemic continues, our clients are dealing with rapidly evolving compliance issues with respect to health and welfare benefit plans and the implementation of existing and new regulatory requirements. Below is...more
The Department of Labor (DOL), the Department of Health and Human Services (HHS), and the Department of the Treasury (collectively, “the Departments”) issued Frequently Asked Questions for health plans implementing coverage...more
IRS Guidance Related to Coronavirus Testing/Treatment for HDHPs/HSAs -
Last week, the IRS issued guidance confirming that high-deductible health plans with health savings accounts can provide coronavirus testing and...more