Although a number of Affordable Care Act (ACA) taxes/fees were repealed by the 2019 SECURE Act (see – https://smstevensandassociates.com/aca-taxes-repealed/) , the PCORI fee (also known as the Comparative Effectiveness Research Fee (CERF)) was not, and was in fact extended for an additional 10 years. So in addition to plan years ending prior to October 1, 2019, the PCORI fee will now apply to plan years ending in 2020-2029.
In light of the COVID-19 pandemic, the Departments of Health/Human Services, Labor and Treasury (DHS, DOL & DOT), along with the IRS have issued (April 29, 2019) guidance that extends many of the deadline dates associated with various employee benefits related time frames.
The COVID-19 pandemic has disrupted and changed the health insurance landscape for many people. Here’s a review of the various options available to people, depending on their specific situation and eligibility:
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law. The CARES Act amends certain provisions of the Families First Coronavirus Response Act (“FFCRA”). CARES also temporarily eliminates deductibles for certain services in HSA Qualified High Deductible Health Plans (HDHPs), and temporarily expands the list of qualified expenses reimbursable through HSAs, HRAs, and FSAs.
On March 18, 2020 the President signed into law the Families First Coronavirus Response Act (FFCRA), which takes effect April 2, 2020. The FFCRA includes several provisions that impact employers with less than 500 employees, with allowable exemptions for affected employers with fewer than 50 employees. This blog post addresses the three (3) main aspects of the FFCRA: 1. Mandated waiver of health insurance related cost sharing for COVID-19 testing; 2. New paid leave entitlements; and 3. Employer tax credits.
On Jan. 15, 2020, the Department of Labor (DOL) released its 2020
inflation-adjusted civil monetary penalties that may be assessed on
employers for violations of a wide range of federal laws, including:
The Fair Labor Standards Act (FLSA);
The Employee Retirement Income Security Act (ERISA);
The Family and Medical Leave Act (FMLA); and
The Occupational Safety and Health Act (OSH Act).