Employers want to attract and retain the best talent available. Employers today are cognizant that employees entering the workforce are burdened by mounting student loan debt, and many employers have explored the benefit options available to provide student loan debt relief for their employees. Until the CARES Act, employers were for the most ...
Congress passed, and the President finally signed, the Consolidated Appropriations Act, 2021 (“CAA”). This bill, the fifth longest bill to be passed in the history of Congress, contains over seventy new tax policies, extensions, refinements, and other tax-law clarifications. Within its over 5000 pages is The Taxpayer Certainty and ...
As discussed in our prior post, last July the Department of Labor (“DOL”) and Health and Human Services (“HHS”) released proposed rules regarding grandfathered health plans. Earlier this month, the two agencies issued the final grandfathered plan rules. The final rules follow the proposed rules with no substantive changes.
As a ...
As discussed in our prior blog posts, the PCORI Fee was resurrected by the IRS last year. This past week, the IRS updated the amount of the PCORI Fee for policy years and plan years that end on or after October 1, 2020, and before October 1, 2021. The new amount of the PCORI Fee is $2.66 per covered life. The fee for plan years ending prior to October 1, 2020 ...
Earlier this fall, the Departments of Health and Human Services, Treasury, and Labor (the “Departments”) issued the final rule for “transparency in coverage” requirements for health plans and insurers. The final rule applies to most non-grandfathered group health plans and health insurance issuers will be required to comply with ...