Archive by month: 2020-4Return
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Tips for Employees Who Lose Health Coverage

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Many employers are facing business shutdowns, closures, or reduced operations due to the COVID-19 pandemic. As a result, employers may need to reduce staff hours, or lay off or furlough employees, which may have an impact on benefit eligibility. Many of the decisions individuals will make are time sensitive and employers and brokers may want to help employees understand their options when faced with loss of health plan coverage.
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Categories: Benefits in General, Health Care in General | Tags: COBRA , Marketplace , Subsidy
The deadline for certain Form 5500 filings has been extended related the COVID-19 pandemic.
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Categories: Compliance | Tags: Form 5500 , Notice 2020-18 , Form 5558

What Benefit Changes Can I Make Due to COVID-19?

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Many employers are having to make difficult decisions regarding staffing during the national pandemic due to COVID-19. Employers are faced with staff leave of absence situations including layoffs, furloughs, and reduction in hours. This leads to questions regarding what changes employees are able to make to their benefits as a result.
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Categories: Benefits in General, Compliance | Tags: Permitted Election Changes , Section 125 , Health Care FSA , Dependent Care FSA , Transportation Plans