COBRA Subsidy: What Employers Need to Know
The American Rescue Act of 2021 (ARPA) is the latest federal law addressing the economic impact of the COVID-19 pandemic. Most aspects of the law do not directly affect the...
Read More
SUBSCRIBE TO PRM TODAY
People Risk Management Today
CMS Disclosure Requirement for Employer Health Plans
Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every...
Read More
PCORI Fee Increase for Health Plans
On November 24, 2020, the Internal Revenue Service (IRS) released Notice 2020-84 to announce that the health plan Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending between October...
Read More
Dependent Care Spending Accounts
Autumn has arrived. It’s the time of year when working parents have questions about Dependent Care Spending Accounts (DCSAs). How do they manage their 2020 account to avoid forfeiting funds...
Read More
IRS Announces 2021 Retirement Plan Contribution Limits
On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2021. Many...
Read More
IRS Announces 2021 Limits for Health FSAs and Transit Benefits
On October 26, 2020, the Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions. Due to low inflation, some of the 2020 limits for benefit...
Read More
The Affordability Test for 2021 Health Plans
The Affordable Care Act’s employer shared responsibility provision — often called the employer mandate or “play or pay” — requires large employers to offer health coverage to their full-time employees...
Read More
Medical Loss Ratio (MLR) Rebates 2020
Are you an employer that is receiving a rebate check from your group medical insurance carrier? September 30 is the deadline for insurers to issue rebates, if required, under the...
Read More
Employer Medicare Part D Notices Are Due Before October 15, 2020
Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through...
Read More
Health Plan PCORI Fees Are Due July 31
Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or...
Read More
Tips for Preparing Form 5500
At this time of year, many employers and benefit advisors begin preparing Form 5500, the annual report required for most employee benefit plans. Form 5500 must be filed with the...
Read More
IRS Announces HSA Limits for 2021
On May 20, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-32 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2021. An HSA is...
Read More