Compliance ✔- Cafeteria Plan: FSA Clarifications and Additional COVID Relief
The IRS continues to provide COVID-19 relief and clarifications of prior-issued relief as they apply to cafeteria plans. As a reminder, an employer may implement any/all of the relief provisions applicable to their cafeteria plan but is not required to. Most recently,...
Compliance ✔- 2021 Deadline for CMS Creditable Coverage Disclosure
Employers who provide prescription drug benefits must report to CMS annually whether the benefits are creditable in respect to Medicare Part D coverage. The disclosure must be made online within 60 days from the beginning of the plan year. For calendar year plans, the...
Compliance ✔- CAA 2021, Temporary Health FSA and DCAP Relief
The Consolidated Appropriations Act, 2021 (CAA), enacted on December 27, 2020, contains temporary rules to provide relief for participants in health flexible spending arrangements (FSAs) and dependent care flexible spending arrangements (DCAPs) in light of the...
Compliance ✔- Consolidated Appropriations Act, 2021, Including Stimulus
COVID-19 Relief / Stimulus and New Health Care Requirements for Employers On December 27, President Trump signed into law the Consolidated Appropriations Act, 2021. At almost 5,600 pages, the Act contains COVID-19 relief and stimulus as well as the most...