The deadline for furnishing statements to individuals under Sections 6055 and 6056 has been extended to March 2, 2021. Employers should become familiar with these forms and instructions for reporting for the 2020 calendar year.
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The Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule that imposes new transparency requirements on group health plans and health insurers in the individual and group markets.
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The Occupational Safety and Health Administration (OSHA) has published two additional answers to its list of COVID-19 frequently asked questions (FAQs). The new answers clarify when employers must report COVID-19 in-patient hospitalizations and fatalities.
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The IRS typically announces the dollar limits that will apply for the next calendar year well in advance of the beginning of that year. This gives employers time to update their plan designs and make sure their plan administration will be consistent with the new limits. Although some of the limits will increase for 2021, most of the limits remain the same.
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A recently proposed rule issued by the Department of Labor (DOL) implements an “economic reality” test that helps determine the independent contractor status of a worker. The clarification is designed to bring simplicity and consistency to worker classifications. Here’s how it works.
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To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2020. Employers should review their plan documents to confirm that they include these required changes.
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The Affordable Care Act requires insurers offering fully-insured plans to pay a “health insurance tax” based on premiums and market share. These fees help fund the ACA’s marketplace exchanges, but Congress passed a one-year hold on the tax in 2019.
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The proposed rule is intended to increase pricing transparency and help consumers understand the charges they may incur before receiving care. These are just proposed rules at the moment, which means no changes will be made effective until the rules are finalized.
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