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Health & Welfare Plans Newsletter October 14, 2020 |
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Newly Posted Massachusetts Paid Family And Medical Leave Law - Session 2
What if Trump? What if Biden? Healthcare Policy Implications in the November 2020 Presidential Election
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Discussions |
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This Newsletter:
BenefitsLink Retirement Plans Newsletter:
Message Boards Digest:
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[Guidance Overview]
"Employers with four or fewer employees and a net income of less than $1 million in the prior tax year will be required to provide employees with up to 40 hours of unpaid safe and sick leave per year; Employers with between five and 99 employees and employers with four or fewer employees and a net income of greater than $1 million in the prior tax year will be required to provide each employee with up to 40 hours of paid safe and sick leave per year; and Employers with 100 or more employees will be required to provide up to 56 hours of paid safe and sick leave per year." Schulte Roth & Zabel LLP |
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[Guidance Overview]
"New York State has not yet issued any guidance or implementing regulations to clarify the many questions left unanswered by the NYSSLL. Nevertheless, employers in New York City may want to review and prepare to comply with the new obligations created by the amendments to the ESSTA. Certain changes to the ESSTA and how they compare with the NYSSLL are outlined [in chart form]." Ogletree Deakins |
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[Guidance Overview]
"SB 1383 replaces the current CFRA with an updated version in 2021 that expands its breadth and application.... [T]he new CFRA: [1] Now covers smaller employers with five employees or more and eliminates the current CFRA's ... requirement that employees work at a location where the employer has 50 or more employees within a 75-mile radius. [2] Now requires leave to care for a wider group of defined family members ... [3] Adds certain qualifying military exigencies as a reason to take CFRA leave. [4] Expands baby bonding leave by allowing parents with the same employer to each take 12 weeks of leave. [5] Eliminates the 'key employee' exemption currently permitted under CFRA." Troutman Sanders |
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[Guidance Overview]
"The draft 2020 Form 1095-C remains substantially similar to prior year's forms. However, employers sponsoring individual-coverage health reimbursement arrangements (HRAs) will want to take note of the eight new line 14 codes to accommodate employer-shared responsibility (ESR) and premium tax credit reporting of these HRAs.... [E]mployers with employees residing in California, Massachusetts, New Jersey, Rhode Island, Vermont and Washington, DC, may want to review the implications for reporting under the individual-coverage mandates in those jurisdictions." Mercer |
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26 pages. "This paper highlights the problems created by the current patchwork of state and local paid leave policies as well as the need to ensure that federal, state, and local paid leave legislation supports employers already providing voluntary and generous employer-funded paid leave benefits that aid workers and their families across the country." The ERISA Industry Committee [ERIC] |
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"In 2017 ... helicopter air ambulance carriers owned by two private equity firms, who together make up 64% of the Medicare market, had a standardized average charge of $48,250 (7.2 times what Medicare would have paid). This is markedly higher than the $28,800 (4.3 times what Medicare would have paid) standardized average charge for the same service by air ambulance carriers that are not part of a private equity-owned or publicly-traded company." The Brookings Institution |
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This report evaluates and ranks 11 of the largest HSA providers available to individuals; describes 'total asset growth and changes in market share at some of the largest HSA providers, which account for more than 75% of the industry's assets'; and outlines 'how certain industry best practices can help investors further benefit from HSA investment accounts and spending accounts'. Morningstar; free registration required |
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Benefits in General |
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"[T]he 203rd open meeting of the [ERISA Advisory Council] will be held via a teleconference on Friday, November 13, 2020.... The purpose of the open meeting is for the members of the ERISA Advisory Council to discuss potential recommendations for the Secretary of Labor on the issues of: [1] Examining Top Hat Plan Participation and Reporting, and [2] Considerations for Recognizing and Addressing Participants with Diminished Capacity." Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] |
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Press Releases |
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TRAU & RPAG Partner on RPAG University
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The New York Times Company Reduces Pension Obligations by $235 Million
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The Retirement Advantage, Inc. Makes Third Acquisition in 2020
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Most Popular Items in the Previous Issue |
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ACA and HIPAA Excepted Benefits
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IRS Extends Transitional Relief for 2020 ACA Reporting
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