IRS Provides Additional Guidance on the COBRA Subsidy – Downloadable PDF
On May 18, 2021, the IRS issued 86 FAQs regarding implementation of the 2021 COBRA premium assistance (or “COBRA subsidy”) and corresponding tax credit…
2022 Inflation Adjusted Amounts for HSAs – Downloadable PDF
The IRS released the inflation adjustments for health savings accounts (HSAs) and their accompanying high deductible health plans (HDHPs) effective for…
Annual Out-of-Pocket Maximum Adjustments Announced for 2022 – Downloadable PDF
On April 30, 2021, the Department of Health and Human Services (“HHS”) published its Annual Notice of Benefit and Payment Parameters for 2022. This…
Employers Encouraged to Provide PTO for Vaccinations – Downloadable PDF
On April 21, 2021, President Biden issued an announcement to encourage all employers to offer paid time off for employees to schedule vaccinations and…
Guidance Issued on MHPAEA Comparative Analysis Requirement – Downloadable PDF
As previously reported, the Consolidated Appropriations Act, 2021 (“CAA”) amends the Mental Health Parity and Addiction Equity Act of 2008 (“MHPAEA”) to…
Update on COVID-19 Vaccine and Vaccine Administration Cost – Downloadable PDF
Medicare has increased and simplified its payment rate for administration of the COVID-19 vaccine to $40 per dose. This change may impact group health…
COVID-19 PPE Now a Qualified Medical Expense – Downloadable PDF
On March 26, 2021, the IRS issued IRS Announcement 2021-7, which clarifies that amounts paid for certain personal protective equipment (“COVID-19 PPE”) used…
Conducting a Human Resource Assessment
(Article originally authored by HR/Advantage Advisory, Powered by Clark Hill) A regular review of your human resource operations is imperative in order to keep…
New COBRA Subsidy – Downloadable PDF
Congress passed the American Rescue Plan Act of 2021 (“the Act”) on March 10, 2021 and it was signed into law on March 11, 2020. The Act includes a 100%…
2021 Guidance Issued on Outbreak Period – Downloadable PDF
Summary: On February 26, 2021, the Departments of Labor and the Treasury (“the Departments”) issued guidance addressing the COVID-19 Outbreak Period –…