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Health & Welfare Plans Newsletter October 12, 2020 |
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Newly Posted |
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Discussions |
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This Newsletter:
BenefitsLink Retirement Plans Newsletter:
Message Boards Digest:
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[Guidance Overview]
"[1] CARES Act: coverage of COVID-19 testing and COVID-19 antibody testing and preventative care (mandated) ... [2] CARES Act: telehealth and high deductible health plans (optional) ... [3] CARES Act and reimbursements for over-the-counter drugs and women's products (optional) ... [4] COBRA changes may have significant impact on employers (mandated) ... [5] HIPAA Special enrollment rights -- Expanded timeframes (mandated change) ... [6] ERISA claims procedures and COVID-19 (mandated change) ... [7] Mid-year election year changes expanded (optional)." HUB International |
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[Guidance Overview]
Detailed chart covers [1] Applicable Large Employer (ALE) Shared Responsibility Penalty (IRC § 4980H, Forms 1094-C and 1095-C); [2] Individual Shared Responsibility Penalty (IRC § 5000A, Form 8965); [3] Premium Tax Credits (IRC § 36B, Form 8962); [4] Group Health Insurance Reforms (IRC § 9815 and § 4980D, Form 8928); [5] Qualified Small Employer Health Reimbursement Account (QSEHRA) Contribution Limits (IRC § 9831(d)); [6] Health Savings Accounts (IRC § 223, Form 8889) Kaufman & Canoles, P.C. |
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[Guidance Overview]
"NYC employers must provide each employee with notice of the changes under the law at the commencement of their employment or by October 30, 2020 for employees who are already employed.... NYC employers must also report the amount of sick time accrued and used during a pay period and the total balance on a pay statement or other form of written documentation each pay period beginning September 30, 2020.... NYC employers must extend sick leave benefits to domestic workers." Herrick, Feinstein LLP |
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[Guidance Overview]
"Last April, New York State enacted a Paid Sick Leave Law which took effect on September 30, 2020 ... [T]he mayor of New York City signed a Bill on September 28, 2020, amending the New York City Paid Safe and Sick Leave Act to remove discrepancies with the [state law] ... But the NYC Safe/Sick Leave Law amendments go further than just aligning with the New York Paid Sick Leave Law, imposing additional requirements on New York City employers[.]" Paul Hastings LLP |
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"Even during the global pandemic, employers must still distribute Medicare Part D notices to applicable plan participants prior to October 15th in order to satisfy this requirement.... The CMS website has customizable model Notices for both creditable and non-creditable coverage." Graydon |
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"Unsubsidized enrollment declined by over 300,000 enrollees in 2019 -- the third consecutive year of declining enrollment.... [T]he rate of decline dropped to 9 percent in 2019 -- down from a 20 percent drop in 2017, and a 24 percent drop in 2018. This lower rate of decline occurred at the same time premium rates leveled off after increasing by double-digits in 2017 and 2018." Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS] |
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Benefits in General |
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"What's the difference between an incident response plan and a communication plan? ... Invest in your help desk, the first line of defense ... Let people know that you're on top of it ... Know when and how to escalate your response ... Letting the world know what's happened ... You can't resolve your cybersecurity breach without communication." Segal |
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"The intention of this article is to provide some ideas related to the questions: How does one respond to abrupt change? How does a company survive through abrupt change? How does a business continue to support its internal team, external referral sources, and clients during extreme change and uncertainty?" Pinnacle Plan Design, LLC, via Journal of Pension Benefits |
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Press Releases |
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Sankaty Light Benefits Launches Unique Health Insurance Plan
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Most Popular Items in the Previous Issue |
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