Health & Welfare Plans Newsletter

October 14, 2020

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View job as Sr. Advisor, New Business Employee Benefits for National Rural Electric Cooperative Association (NRECA) Sr. Advisor, New Business Employee Benefits

National Rural Electric Cooperative Association (NRECA)
Arlington VA

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Corporate Employment Resources, Inc.
Telecommute / Greenwood Village CO / Milwaukee WI

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[Guidance Overview]

Upcoming Deadline iconAmendments to New York City’s Paid Safe and Sick Leave Law

"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." Icon to read more

Schulte Roth & Zabel LLP

[Guidance Overview]

Upcoming Deadline iconNew York City Issues New Requirements for Earned Safe and Sick Time Act

"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]." Icon to read more

Ogletree Deakins

[Guidance Overview]

Upcoming Deadline iconCalifornia Expands Rights to Family and Medical Care Leave

"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." Icon to read more

Troutman Sanders

[Guidance Overview]

ACA Individual Statement Due Date, Good-Faith Relief Extended for 2021

"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." Icon to read more

Mercer

Large Employers and the State Paid Leave Patchwork (PDF)

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." Icon to read more

The ERISA Industry Committee [ERIC]

High Air Ambulance Charges Concentrated in Private Equity-Owned Carriers

"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." Icon to read more

The Brookings Institution

2020 Health Savings Account Landscape

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'. Icon to read more

Morningstar; free registration required

Benefits in General

ERISA Advisory Council to Meet November 13

"[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." Icon to read more

Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]

Press Releases

TRAU & RPAG Partner on RPAG University
TRAU [The Retirement Advisor University]

Most Popular Items in the Previous Issue

ACA and HIPAA Excepted Benefits
ABD Insurance & Financial Services

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BenefitsLink Health & Welfare Plans Newsletter, ISSN no. 1536-9595. Copyright 2020 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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