Many employers have recently received a Letter 226J from the IRS proposing that an employer shared responsibility payment (ESRP) is owed for the 2018 calendar year, which means the IRS has wrapped up ...
Under the American Rescue Plan Act of 2021, taxpayers no longer have to increase their tax liability by their excess advance payments of the Premium Tax Credit for tax year 2020. A taxpayer's exce...
The Department of Labor (DOL) has released model notices and a COBRA subsidy information website related to the COBRA subsidy that was passed as part of the American Rescue Plan Act of 2021 (ARPA)...
The IRS issued guidance for employers claiming the employee retention credit for calendar quarters in 2020.
Who Can Claim the Credit
Employees who can claim the Employee Retention Credit for ...
The IRS announced that spending for personal protective equipment can be paid or reimbursed under health FSAs, Archer MSAs, HRAs, and HSAs. It applies to the purchase of personal protective equipm...
The IRS is giving employees a little more time to max out their HSAs and IRAs. They have until May 17, 2021 to contribute toward 2020 limits. The IRS also extended the tax deadline to May 17, 2021...
Essential Health Benefits and COVID-19 FAQs
CMS released an FAQ related to Essential Benefit Coverage and COVID-19. Essential Health Benefits include 10 categories of services that health pla...
Employee Benefit Changes Contained in the American Rescue Plan Act (ARPA)
Congress passed the $1.9 trillion COVID relief bill, the American Rescue Plan Act of 2021 (ARPA). The bill includes signifi...
A Quick Look at What’s In The Stimulus Package
On Thursday, March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA) into law. It provides relief to Americans and industries d...
COVID-19 Testing and Treatment Revisited
We have seen an uptick in questions about COVID-19 coverage. The Department of Labor recently released FAQ guidance to clarify that group health plans are r...
When Does HIPAA Apply to Covid-19 Related Employee Information?
A recent Summit Webinar features a common question that employees have as they plan for a return to onsite work, “What COVID re...
IRS Issues New FSA Rules
The IRS is providing more flexibility on health flexible spending arrangements (FSAs) or dependent care assistance programs. Under the COVID-related Taxpayer Certaint...