By: Lyndsey Barnett and Liam McMillin
The end of summer is (sadly) just around the corner. I know, it feels like we just finally got out of the house for the first time a week ago, but before we know it, the kids will be back in school, the days will start getting shorter, and the leaves will be changing colors.
As the summer ends, so do the COBRA premium ...
At the end of 2020, the No Surprises Act was enacted to provide protection against surprise medical bills. Earlier this month, an interim final rule containing guidance for the new law was issued by Health and Human Services. According to the release that accompanied the new guidance, under the new law, “Patient cost-sharing, such as ...
If you sponsor a self-insured group health plan (or a health reimbursement account), make sure you’ve set a calendar alert for July 31 to pay the annual PCORI fee (Patient-Centered Outcomes Research Institute fee) for the 2020 plan year. The fee and the related IRS Form 720 are due no later than July 31st (note that July 31 falls on a Saturday in ...
The IRS has recently released the latest version of its correction program for retirement plans (referred to as EPCRS or Rev. Proc. 2021-30) that will make it easier for a plan sponsor to correct certain plan errors. One common error that can arise during the administration of a 401(k) plan is the improper exclusion of an employee from making ...