The IRS released additional guidance under Notice 2021-46 regarding American Rescue Plan Act (ARPA) COBRA premium subsidies for assistance eligible individuals and related tax credits available to employers.Here are the highlights from the guidance:Eligibility for premium assistance during an..
Carriers are required to send out Medical Loss Ratio (MLR) payments to employers by September 30, 2021. When an employer receives an MLR check from the insurer, they’ll need to carefully consider how the funds must be spent. They should not just keep the funds. This is because any portion of the..
"An employer did not pay or file their PCORI fee last year. What should an employer do if they didn’t file?"There is no specific penalty for failure to report or pay the PCORI fee. However, since this fee is considered an excise tax, any related penalty and interest for failure to file a return..
If your organization had any assistance eligible individuals (AEIs) who received subsidized COBRA coverage during April, May, or June, a tax credit is available by filing Form 941 for the 2nd quarter. The form is due July 31, 2021.
"An employer is terminating an employee due to elimination of the position, but the elimination is not related to COVID. Would he or she be eligible for the subsidy in this situation?"The COBRA event does not have to be related to COVID.If an individual lost eligibility due to any reduction in..
The EEOC has updated the Technical Assistance Questions and Answers as of May 28, 2021. Under this new guidance, the EEOC confirms the applicability of its wellness regulations under the ADA and GINA regarding vaccine incentives.The updated guidance confirms that, under the ADA, if the employee..
On May 18, 2021, the IRS released FAQs regarding COBRA and state continuation premium subsidies. As a reminder, these subsidies required to be paid 100% for assistance eligible individuals (AEIs) under the American Rescue Plan Act of 2021 (ARPA).ARPA gives an enrollment opportunity for..
On April 29, 2021, the IRS issued guidance that gives clarifying information regarding employer tax credits available for voluntary paid sick and family leave made available under ARPA. ARPA extends tax credits to eligible employers for providing paid sick and family leave from April 1, 2021..
Anxiety tops the list of mental illnesses, affecting approximately 40 million adults in the U.S. (18% of the U.S. population). Sometimes being number one isn’t worth celebrating. Instead, it is worth exploring, understanding, and finding ways to open communication with those suffering. Anxiety..