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IRS and DOL Provide Deadline Relief

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On April 28, 2020, the U.S. Department of Labor (DOL) and Internal Revenue Service (IRS) issued a joint rule titled "Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak". The rule provides automatic relief from a number of deadlines related to COBRA continuation coverage, HIPAA special enrollment periods, and claims and appeal filing deadlines for group health plans.
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Categories: Benefits in General, Compliance | Tags: Extension , COBRA , Claims , COVID-19 , IRS , DOL , Outbreak Period , Disaster Relief

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
With open enrollment fast-approaching for many employers, it is a good time to review what materials are necessary for open enrollment and what employer notices are required to distribute and when. Some employer notices are provided when participants first become covered under a health and welfare plan and others have an annual distribution requirement. Make sure you are providing all required notices this open enrollment.
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Categories: Benefits in General, Compliance | Tags: Notice , Compliance , Benefits , SPD , SMM , SBC , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , WHCRA , Wellness , ADA , Grandfathered Plan , Michelle's Law
With open enrollment fast approaching for many employers, it is a good time to review what materials are necessary for open enrollment and what employer notices are required to distribute and when. Some employer notices are provided when participants first become covered under a health and welfare plan and others have an annual distribution requirement.
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Categories: Benefits in General, Compliance | Tags: Employer Notice , SPD , SMM , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , Wellness , Grandfathered Status , WHCRA , Michelle's Law , ADA

When Can You Change the COBRA Rates?

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There are limited times when the employer is permitted to change the premiums for COBRA QBs during the determination period.
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Categories: Compliance, Health Care in General | Tags: COBRA , Determination Period , QB , COBRA Rates

When Do Adult Children Lose Health Coverage?

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This is a multi-faceted answer depending upon the coverage type. Effect March 30, 2010, the Affordable Care Act (ACA) mandated that group health insurance plans provide coverage for employees’ children up to the age of 26.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: Adult Child , Code Section 105(b) , COBRA , Permitted Election Change , Loss of Coverage , Age 26 , Parent's Health Plan

Income Tax Season is Upon Us

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January 29, 2018 marked the start of tax filing season. People have until Tuesday, April 17, 2018, to file their 2017 returns and pay any taxes due. The filing tax deadline is later this year due to several factors.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , 1095-A , 1095-B , 1095-C , 1099-SA , 5498-SA , HSA , Dependent Care FSA , Form 2441 , Form 8889 , ACA , group health insurance , HRA , PEB , COBRA Beneficiary
The DOL recently announced employee benefit plan compliance guidance and relief for victims of Hurricane Maria and the October 2017 California wildfires.
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Categories: Compliance | Tags: DOL , Hurricane Maria , Puerto Rico , California , wildfires , ERISA , guidance , IRS , COBRA , relief , employee benefit plans , benefit plans , benefits , victims , Form 5500 , Hurricane , Maria

Employer Plan Notices Are Now in Season!

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With open enrollment fast-approaching for many employers, it is also a good time for employers to take stock of whether they have provided all necessary documents and notices for their health and welfare benefit plans to their employees and plan participants this year.
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Categories: Benefits in General, Compliance | Tags: Notice , Compliance , Benefits , SPD , SMM , SBC , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , WHCRA , Wellness , ADA , Grandfathered Plan , MIchelle's Law
August 30, 2017, the U.S. Department of Labor (DOL) has announced an update on employee benefit plan compliance for those impacted by Hurricane Harvey.
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Categories: Benefits in General, Compliance | Tags: DOL , FAQ , Hurricane Harvey , Health Benefits , Retirement Benefits , COBRA
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