New Health Plan Guidance Regarding Transparency Regulations and Last Year’s Budget Act
Late last Friday afternoon, the Departments of Labor, Health and Human Services, and the Treasury, issued some new frequently asked questions (FAQs) regarding implementation of the transparency in coverage (TIC) regulations and the Consolidated Appropriations Act of 2021 (CAA). You might recall that the TIC regulations require group health plans to publish three machine-readable files…
Nevertheless, the Affordable Care Act Persisted
On June 17, 2021, the U.S. Supreme Court issued its ruling in California v. Texas on a challenge to the constitutionality of the Affordable Care Act (“ACA”). This was the third major challenge to the ACA since it was enacted in 2010. In this case several states and two individual plaintiffs alleged that the individual…
Coming Soon to a 401(k) Near You: SECURE 2.0
On May 5, 2021, the Ways and Means Committee in the U.S. House of Representatives showed a rare sign of bipartisanship by unanimously passing the Securing a Strong Retirement Act of 2021 – more commonly known as SECURE 2.0. The bill builds on a number of items that were included in the SECURE Act that…
And The Hits Just Keep on Coming: New DOL Guidance on Cybersecurity
Today, the DOL announced new guidance for plan sponsors, plan fiduciaries, record keepers and plan participants on best practices for maintaining cybersecurity, including tips on how to protect retirement benefits. This is the first time the department’s Employee Benefits Security Administration (EBSA) has issued cybersecurity guidance. Below is what they released today with web links –…
DOL Issued FAQs and Four Model COBRAs Yesterday – Take Action Right Now
Yesterday (April 7), the Department of Labor issued a series of frequently asked questions (“FAQs”) regarding the COBRA provisions of the American Rescue Plan of 2021 (“ARP”) – along with four model COBRA notices. The FAQs clarify a number of issues. Employers need to take action right now. You might recall that on March 11,…
New IRS Guidance on COVID-19 Related PPE Expenses
On March 26, 2021 the IRS released Announcement 2021-7, which provides that amounts paid for personal protective equipment for the primary purpose of preventing the spread of COVID-19 are treated as amounts paid for medical care under Section 213(d) of the Internal Revenue Code. This means that amounts paid for things such as masks, hand sanitizer…
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ERISALINC provides legal insight, news, and commentary from McAfee & Taft's Employee Benefits & Executive Compensation attorneys.