News-to-Use

PCORI Fee for 2020-2021 Issued

The IRS released the PCORI fee amount that must be paid by insurers or self-funded health plans for 2020-2021 coverage. The fee for plan and policy years ending on or ...
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Temporary FSA Changes Permitted for Plan Years Ending in 2020 and 2021

The Consolidated Appropriations Act of 2021 (Stimulus Bill) passed at the end of last year allows flexible spending account plans to temporarily change their design to ...
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Use that FSA!

Many employees who participate in a health flexible spending account plan wait until the end of the plan year to use their funds. While participants generally have a ...
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New Form 5500s Released

The U.S. Department of Labor, IRS and Pension Benefit Guaranty Corporation released copies of the 2020 Form 5500 Annual Return/Report and corresponding instructions.
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When is a COBRA Notice Mailed?

The timing and receipt of COBRA notices and payments have long operated under the “mailbox rule.” This rule provides that an item’s postmark date is its deemed delivery ...
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Qualifying Relative Definition

The IRS issued final regulations addressing the requirements for being considered a qualifying relative. Some benefit rules, such as if an individual is an HSA-eligible ...
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Resources for Small Businesses

The government website usa.gov provides resources for small employers. The site has information on how to start a business, get financing help from the government, file ...
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Updated MHPAEA Tool

The U.S. Department of Labor released a revised tool to help employers comply with the Mental Health Parity and Addiction Equity Act (MHPAEA). This self-compliance tool ...
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Plan Contribution Limits for 2021

The IRS released plan contribution limits for 2021 which for the most part will not change from the 2020 limits. The Social Security Administration also released the ...
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DOL Guidance on Life Changes

The Department of Labor’s publication on life changes provides guidance to employees about protecting health coverage upon certain life events. The publication may be ...
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