The feds have issued new guidance on COVID-19 screening for workers as you try to return employees safely to the office. And it’s good news for employers. Health insurers must cover return-to-workplace testing for the duration of the pandemic, according to the Departments of Labor (DOL), Health and Human Services (HHS) and Treasury. Check out […]
The Department of Labor’s (DOL’s) proposed fiduciary rule replacement has arrived. The rule replaces the Obama-era fiduciary rule vacated in 2018. Its aim: to help employees get better investment advice about their retirement plans. The new rule will likely include a five-part test to determine who’s a fiduciary under ERISA rules. And it will align […]
Your company can now tap email or even text to pass along key retirement plan disclosures. The Department of Labor recently released a final rule, effective July 27. And seeing how your workforce may be more fractured than usual, thanks to the coronavirus pandemic, this couldn’t come at a better time. Here’s what you need […]
Just halfway through 2020, IRS has already pushed out the limits for high deductible health plans (HDHPs) and health savings accounts (HSAs) for 2021. And we can tell you that you’ll be able to let employees sock away some extra money next year. New numbers your team needs Your 2021 thresholds, according to IRS Revenue […]
Your company can now allow for a slew of mid-year changes to your Section 125 cafeteria plan. And it’s because of the current coronavirus pandemic. IRS just issued two pieces of new guidance to account for the COVID-19 chaos and its impact on health plans: Notice 2020-29, and Notice 2020-33. Here’s what you need to […]
Health plans that otherwise qualify as high-deductible health plans (HDHPs) won’t lose that status merely because they cover the cost of COVID-19 testing or treatment before plan deductibles have been met. That’s the word straight from IRS. And employees in those HDHPs can keep contributing to a health savings account (HSA). Feds expanded HDHP rules […]
The feds passed a $1.4 trillion spending bill in the last days of 2019, and it will drastically change the way you administer your company’s retirement plan.
Blink and you may have missed changes to some of the smaller fringe benefit limits.
Good news for companies that offer a high-deductible health plan (HDHP) and a health savings account (HSA) … and their employees. More preventive treatments and meds for chronic conditions will now be covered before employees satisfy their deductible. That’s thanks to IRS Notice 2019-45. A few examples of what’s now in-bounds: Medications: insulin (diabetes), beta-blockers […]