COVID-19

Dependent Care FSA and Carryover – Is Relief Coming?

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. Since early 2020, the U.S. has been reeling from the COVID-19 pandemic. Everyone throughout the country has been impacted in one way or another. From economic uncertainty to school and public safety concerns, adults and children alike have had to learn to deal with

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Are We at Risk of a COBRA Avalanche? COVID-19 COBRA Compliance and Other Concerns for Benefits Administrators

Since the COVID-19 outbreak began in the United States, jobs have been lost at an alarming rate. As these job losses are through no fault of the employees, they are considered qualifying events for COBRA purposes. This allows employees to apply for the continuing health insurance coverage through their employers. While Congress has passed a variety of economic stimulus legislation, most notably the CARES Act in March 2020, to help lessen the impact of COVID,

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FSA Mid-Year Elections, Grace Periods, Carryover and More: IRS COVID-19 Guidance

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. In May 2020, the Internal Revenue Service (IRS) published COVID-19 guidance for employer-sponsored healthcare benefits. Drafted to address unanticipated changes in medical and childcare costs due to the COVID-19 emergency, the two Notices – Notice 2020-29 and 2020-33 – relax mid-year election changes for

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COVID-19 Claims Run Out Extension for FSA and HRA Plans

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. On April 29, 2020, the Internal Revenue Service (IRS), Department of Labor (DOL), and other federal agencies published a final notice providing COVID-19 relief guidance on COBRA extensions. The notice also extended run out periods for health Flexible Spending Account (FSA) and Health Reimbursement Arrangement

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COVID-19 COBRA Extensions and Claims Filing Update

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. The Internal Revenue Service (IRS), Department of Labor (DOL), and other federal agencies released an update on COBRA extensions and claims filing due to the COVID-19 outbreak. This latest guidance came after Congress passed the CARES Act in late March 2020, along with other initiatives

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ARCHIVE | FFCRA Expiration, “Path Out of the Pandemic” and Healthcare Benefits FAQs

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. With the recent expiration of the Families First Coronavirus Response Act (FFCRA), the Biden Administration is implementing a new plan called the “Path Out of the Pandemic.” This includes a number of proposed initiatives to help move the country along a path toward recovery.

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2020 Tax Deadline and HSA Contribution Deadline Extended to July 15

In response to the ongoing COVID-19 (coronavirus) pandemic, Congress and the Internal Revenue Service (IRS) have taken some key steps to ease specific concerns about taxes and healthcare benefits. Learn more about the 2020 tax deadline extension, HSA contribution extension, and HDHP updates for coronavirus treatments. 2020 Tax Deadline Extended by 3 Months The IRS officially extended the tax filing deadline, moving the date from April 15 to July 15, 2020. Tax payers (including individuals,

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