June 16, 2021

OSHA’s Emergency Rule may Affect Employer’s Benefit Plans

On June 10, 2021, The Department of Labor’s Occupational Safety and Health Administration (OSHA) announced the forthcoming issuance of an emergency temporary standard (ETS) establishing workplace safety standards for healthcare employers for the duration of the pandemic. Considerations offered by OSHA in their 900+ page rule may affect an employer’s health plan benefits or employment… Continue Reading

May 27, 2021

Interpreting ARPA’s COBRA Subsidy: Part 2

This blog post is Part 2 of canvasing the IRS’ 41-page FAQs, Notice 2021-31 (the Notice) that provides guidance on the COBRA premium assistance program (Subsidy) created by the American Rescue Plan Act of 2021 (ARPA). To read Part 1 of this series, click here. BACKGROUND ARPA provides for a 100% COBRA premium subsidy for… Continue Reading

May 26, 2021

Interpreting ARPA’s COBRA Subsidy: Part 1

The IRS published its 41-page FAQs, Notice 2021-31 (the Notice) which provides answers to many questions surrounding the COBRA premium assistance program (Subsidy) created by the American Rescue plan Act of 2021 (ARPA). The Notice provides guidance on several aspects of the Subsidy. As this Notice is a novella of FAQs, we’ll break it into… Continue Reading

May 10, 2021

IRS Releases 2022 Inflation-Adjusted Amounts for HSAs and HRAs

The Internal Revenue Service (IRS) released inflation-adjusted amounts applicable to Health Savings Accounts (HSAs) and excepted benefits Health Reimbursement Arrangements (HRAs) for calendar year 2022. HSAs Annual limit on deductions for an individual with self-only coverage under a high-deductible health plan (HDHP) is $3,650; the limited for family coverage is $7.300. HDHP Defined as a… Continue Reading

May 6, 2021

401(K): IRS Releases Updated Operational Compliance List, Includes Secure Act Changes

On April 27, 2021, the IRS posted on its website its most recent updated operational compliance list for qualified retirement plans, including 401(k) plans. The purpose of the IRS operational compliance list is to help plans operate in compliance with legal qualification requirements by identifying changes in those requirements that are effective during a calendar… Continue Reading

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