Compliance ✔- PCORI Fee Amount Issued for 2021
Employers who sponsor self-insured health plans with plan years ending in 2020 must file IRS Form 720 and pay the Patient-Centered Outcomes Research Institute (PCORI) fee by July 31, 2021. The IRS issued the latest adjusted fee amount of $2.66 in Notice 2020-84. The...
Compliance ✔- COVID-19 Vaccine Coverage Required
The Coronavirus Aid, Relief and Economic Security (CARES) Act requires non-grandfathered group health plans to cover qualifying COVID-19 preventive services, including COVID-19 immunizations, without cost sharing. A final rule was issued to implement this requirement...
Preparing for Flu Season During the COVID-19 Pandemic
Each year, the seasonal flu has a marked impact on businesses and employers, causing increased absenteeism, decreased productivity and higher health care costs. The past few flu seasons have seen high hospitalization and mortality rates, which has public health...
Compliance ✔- 2021 Health FSA Limits and More
The IRS kept the Health FSA limit at $2,750 for 2021. For cafeteria plans that allow participants to carryover unused amounts, the maximum carryover is $550. If an employer’s existing cafeteria plan document permits employees to elect up to $2,750, no plan...