Legal Alert: IRS Releases Updated Form 720 Used For PCORI Fee Payments

June 16, 2020

As we recently reported, on June 8, 2020, the IRS released the applicable PCORI fee for plan years ending between October 1, 2019 and September 30, 2020. As we indicated in that alert, an... Read more »

Alera Group Releases Results of COVID-19 Employer Pulse Survey: Phase 2

June 16, 2020

One-Third of All Employers Furloughed Employees Yet Nearly 85% Plan to Bring Back Workers Alera Group, a national employee benefits, property and casualty, retirement services and wealth... Read more »

REMINDER: PCORI Fees Due By July 31, 2020

June 8, 2020

Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2020 deadline for paying fees that fund the... Read more »

IRS Releases 2021 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

May 28, 2020

In Rev. Proc. 2020-32, the IRS released the inflation adjusted amounts for 2020 relevant to HSAs and high deductible health plans (HDHPs). The table below summarizes those adjustments and other... Read more »

Carrier Premium Credits and ERISA Fiduciary Obligations

May 18, 2020

Due to COVID-19 and state and local stay-at-home orders, utilization of group medical and dental insurance benefits is down. As a result, some carriers recently notified employers that they... Read more »

IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs

May 13, 2020

As the country continues to feel the impact of the COVID-19 National Emergency declared by President Trump on March 13, 2020, the IRS has provided some much-needed guidance and relief for... Read more »

Employer Insurance Premium Payment Grace Periods & Premiums Returned to Employers Inadvertent ERISA Issues

May 11, 2020

During this pandemic, many employers are having to curtail operations and are going through the difficult process of finding cost-saving measures because of the sudden reduction in revenue caused by... Read more »

Agencies Extend Deadline to Pay COBRA Premiums and Certain Other ERISA and Internal Revenue Codes Due to COVID-19

April 30, 2020

The impacts of the COVID-19 National Emergency, as declared by President Trump on March 13, 2020, have been vast. As a result, many employers and employees are struggling to meet their various... Read more »

COVID-19 and Cafeteria Plan Considerations

April 27, 2020

This legal alert was updated May 13, 2020. A cafeteria plan, or Section 125 plan, sometimes referred to as a POP plan, allows employees to pay for certain expenses on a pretax basis. Employees... Read more »

Notice for NY Life Policies, Annuity Contracts, and Fraternal Benefit Society Certificates

April 22, 2020

Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New... Read more »