COBRA Extension Period End
- BAS
- 25.02.2021
- COBRA
Changes are imminent in the COBRA world. While the COVID-19 pandemic is not over, the government-provided extension for COBRA enrollment and payments is about to end.
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Medical/Dental Expense Publication for 2020 Tax Filings
- BAS
- 18.02.2021
- HR & Benefits Compliance
The IRS released an updated version of Publication 502- Medical and Dental Expenses- that should be used for filing 2020 tax returns. Publication 502 explains the ...
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Prescription Drug Coverage Disclosure Filing
- BAS
- 11.02.2021
- HR & Benefits Compliance
The Medicare Modernization Act requires employers with health plans that include prescription drug coverage to notify Medicare-eligible participants if the drug coverage ...
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Question of the Week
- BAS
- 04.02.2021
- HR & Benefits Compliance
Q.- We are getting ready to send our 1095-C forms. We have a full-time employee but she waived health coverage. Does she still need to get a Form 1095?
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2021 Employer Guide to Fringe Benefits
- BAS
- 04.02.2021
- HR & Benefits Compliance
The IRS released a draft of the 2021 version of its guide to fringe benefits. This Publication 15-B provides information for employers on the employment tax treatment of ...
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Employers Requiring COVID Vaccines
- BAS
- 28.01.2021
- HR & Benefits Compliance
The Equal Employment Opportunity Commission (EEOC) released guidance for employers to use when considering requiring COVID-19 vaccines for employees. The guidance says ...
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Child and Dependent Care
- BAS
- 21.01.2021
- HR & Benefits Compliance
The Congressional Research Service released a report on child and dependent care tax credits explaining how they work and who receives them. There are two separate tax ...
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PCORI Fee for 2020-2021 Issued
- BAS
- 14.01.2021
- HR & Benefits Compliance
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
- BAS
- 07.01.2021
- HR & Benefits Compliance
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!
- BAS
- 17.12.2020
- HR & Benefits Compliance
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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