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Employee Benefit News for School, City and County Employers

PCORI Fee Adjusted for 2020

1 minute read

The Affordable Care Act imposes a fee on health insurance issuers and self-insured plan sponsors in order to fund comparative effectiveness research. These fees are called PCORI fees...

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HSA and HDHP Limits Increase for 2021

1.5 minute read

The IRS has recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) will increase for 2021.

EEOC Reporting Delayed

1.5 minute read

Employers who are subject to equal opportunity report (EEO) will not be required to file EEO surveys in 2020 due to the COVID-19 pandemic. The following surveys which had expected to...

New Guidance for Section 125 Mid-Year Election Change Rules

1.5 minute read

The IRS has relaxed mid-year election change rules for fully insured and self-insured employer sponsored health coverage, FSAs, and DCAPs for 2020. The changes are designed to allow...

IRS Provides More Options for Unused Funds in Health FSAs and DCAPs

1.5 minute read

The new IRS guidance includes more options when it comes to unused funds in an employee’s health flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs). The...

CARES Act Provides Student Loan Assistance

1.5 minute read

The CARES Act has a provision which is aimed at easing student loan burdens during the coronavirus pandemic. Qualified student loan payments are temporarily added as acceptable...

Qualifying Medical Expenses Definition Expanded by CARES Act

2 minute read

The CARES Act was made into law in late March, providing federal funding to address the COVID-19 crisis. In addition to providing direct financial assistance to Americans, it also...

Updated FAQs: Compliance with ADA during COVID-19

Updated September 11, 2020

What You Need to Know Before Making Coronavirus Related Health Plan Updates

1 minute read

In response to the COVID-19 pandemic, some public sector employers may be considering making changes to their group health plans. Before making any changes, employers should check with...

CARES Act Changes Affect Retirement Plans, FSAs, & Dependent Care Accounts

2.5 minute read

The Coronavirus, Aid, Relief, and Economic Security (CARES) Act was signed into law in March. It has made several changes to retirement and health care benefits to assist those who...