News

IRS Issues Guidance on Taxability of DCAP Benefits for 2021, 2022

Carryovers of unused DCAP amounts typically are not permitted, although a 2½ month grace period is allowed. However, recent coronavirus-related relief allows employers to amend their plans to permit the carryover of unused DCAP amounts to plan years ending in…
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HSA/HDHP Limits Increase for 2022

Each year, the IRS announces inflation-adjusted limits for HSAs and HDHPs. On May 10, 2021, the IRS released Revenue Procedure 2021-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2022. Eligible…
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DOL Updates Q&As on COVID-19 and the FMLA

The U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) has updated its “COVID-19 and the Family and Medical Leave Act Questions and Answers” web page, originally published in 2020. As before, the Q&As explain that—under the FMLA—covered employers…
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President Biden Announces Tax Credit for Small Businesses Offering Paid Leave for Vaccination

President Biden announced a paid leave tax credit for small- and medium-sized businesses to allow employers to fully offset the cost of paid leave for employees to get vaccinated and recover from any after-effects of the vaccination. Eligible employers include…
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Blue Cross & Blue Shield Class Action Suit

Preliminary approval of the Settlement in the Blue Cross Blue Shield (BCBS) Antitrust Litigation has been granted. Plaintiffs claimed that BCBS Association and Settling Individual Blue Plans violated antitrust laws by entering into an agreement not to compete with each…
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COBRA Premium Assistance provisions under ARP (American Rescue Plan Act of 2021)

The Premium Assistance Plan provides: 100% premium subsidy for the time period of April 1, 2021 through September 30, 2021 for COBRA Qualified Beneficiaries who lose (or lost) their employer’s group health plan coverage (and/or dental and vision coverage) due…
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All Three NH Health Insurers on Healthcare.gov Will Offer Deductible and Out-of-Pocket Expense Credits for Plan Changes

The New Hampshire Insurance Department announced today that all three health insurance companies offering plans on the Health Insurance Marketplace (Healthcare.gov) will offer deductible and out-of-pocket maximum expense credits for consumers who want to change plans within the same company…
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IRS Extends Time to Make IRA, HSA Contributions and File Forms 1040

On March 29, 2021, the Internal Revenue Service issued Notice 2021-21, which extends tax deadlines for filing Form 1040 series returns and other deadlines to May 17, 2021. The Notice, issued as a result of the ongoing COVID-19 pandemic, follows…
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EEOC Announces EEO-1 Reporting Will Begin April 26, 2021

The portal for private-sector employers to submit equal employment opportunity (EEO-1) workforce data from 2019 and 2020 will open on April 26, 2021, the U.S. Equal Employment Opportunity Commission (EEOC)  announced March 29, 2021. The agency also announced that the…
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Congress Passes Extension of Paycheck Protection Program

Congress has passed the PPP Extension Act of 2021, a 60-day extension of the U.S. Small Business Administration’s (SBA) Payment Protection Program (PPP), which was set to expire on March 31. The bill will be sent to President Joe Biden…
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American Rescue Plan: Changes to FFCRA Employee Leave

The American Rescue Plan Act (ARPA), enacted March 11, 2021, includes changes to emergency paid sick leave and paid family leave under the Families First Coronavirus Response Act (FFCRA). The ARPA extended tax credits through Sept. 30, 2021, for employers…
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COVID-19 Exchange Special Enrollment Period Extended

On March 23, 2021, the Centers for Medicare & Medicaid Services (CMS) announced that it is extending access to a special enrollment period (SEP) through Exchanges on the federal www.HealthCare.gov platform due to the coronavirus (COVID-19) pandemic. Originally available through…
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