Health & Welfare Plans Newsletter

October 20, 2020

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Job Openings

View job as 401(k) Client Support Specialist for 401K Generation
View job as 401(k) Client Support Specialist for 401K Generation 401(k) Client Support Specialist

401K Generation
Altamonte Springs FL

View job as Director of Business Development for ERISA Pros, LLC
View job as Director of Business Development for ERISA Pros, LLC Director of Business Development

ERISA Pros, LLC
Atlanta GA

View job as Retirement Plan Consultant for Hills Pension Associates, Inc. Retirement Plan Consultant

Hills Pension Associates, Inc.
Telecommute / Plympton MA

View job as Compliance Analyst for Ascensus Compliance Analyst

Ascensus
Telecommute / CA

View job as Retirement Plan Consultant for Ascensus Retirement Plan Consultant

Ascensus
Telecommute / Phoenix AZ

View job as Defined Benefit Consultant for Ascensus Defined Benefit Consultant

Ascensus
Telecommute / CA

View job as 401(k) Compliance Analyst for MVP Plan Administrators, Inc. 401(k) Compliance Analyst

MVP Plan Administrators, Inc.
Cary NC

View job as Director, Compensation & Benefits (Executive Compensation) for Alvarez & Marsal Director, Compensation & Benefits (Executive Compensation)

Alvarez & Marsal
Telecommute / Greenwood Village CO / Atlanta GA / Chicago IL / New York NY / Houston TX

View job as Benefits Administrator for Compass 360, LLC Benefits Administrator

Compass 360, LLC
Telecommute / Stratham NH / Concord NH / MA / ME

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[Guidance Overview]

IRS Announces Relief for Certain Form 1094/1095 Reporting Requirements

"The typical deadline to report 2019 plan information [to individuals] is January 31, 2021. However, the new relief extends the deadline to March 2, 2021. The extension is automatic, and the IRS has indicated that no further extensions will be granted, and it will not respond to such requests.... [T]his extension does not apply to the 1094-B and 1094-C filings with the IRS." Icon to read more

McAfee & Taft

[Guidance Overview]

Upcoming Deadline iconNew York City Passes Key Amendments to Paid Safe and Sick Leave Law

"[T]he City amended the Earned Safe and Sick Time Act (ESSTA) ... to align the Big Apple's local law with the recently-enacted statewide Paid Safe and Sick Leave law (NYSPSL).... [E]mployers may require employees to provide reasonable written documentation that their use of ESSTA was for a purpose permitted by the statute ... The recent amendments ... require that employees are now to be reimbursed for any fees associated with such documentation requests." Icon to read more

Reed Smith

HIPAA Breach Notifications for Employers

"Once the employer determines that a breach of unsecured PHI has occurred in a self-insured health plan, HIPAA requires notice to the affected individuals, HHS, and in some cases the media depending on the scope of the breach.... [1] Determining whether a breach has occurred: the risk assessment ... [2] The three exclusions from breach ... [3] Breach notification step #1: Notice to affected individuals ... [4] Breach notification step #2: Notice to HHS ... [5] Breach notification step #3: Notice to the media (500+ only)." Icon to read more

ABD Insurance & Financial Services

Employers Expand New Approaches for Health Care Delivery

"[N]early three in four employers (73%) plan to adopt different health care delivery models over the next three years. This compares with 53% that adopted these models over the past three years. Additionally, 34% of employers currently offer different health care delivery solutions in different markets based on availability and workforce needs. Over the next three years, the portion of employers taking a market-by-market approach will grow to over half (56%)." Icon to read more

Willis Towers Watson

Exceptional Usefulness and Quality iconLong-Term Care Insurance: An Underappreciated Postemployment Benefit (PDF)

11 pages. "Four out of five Americans have said that they want the option of buying long-term care insurance (LTCi) through an employer. Advantages can include premium discounts, streamlined underwriting and unisex rate structures. Challenges can include limited carrier options, high pre-miums and the possibility of medical underwriting.... [E]mployers will need effective strategies for communication and enrollment, including education campaigns, email communications, webinars, online enrollment, direct billing and the use of behavioral finance tools." Icon to read more

Benefits Quarterly, published by the International Society of Certified Employee Benefit Specialists [ISCEBS]

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Benefits in General

[Official Guidance]

IRS Extends October 15 Deadline for Victims of Hurricane Delta

"Victims of Hurricane Delta that began on October 6 now have until February 16, 2021 to file various individual and business tax returns and make tax payments ... Currently this includes Acadia, Calcasieu, Cameron, Jefferson Davis and Vermilion parishes in Louisiana[.]" Icon to read more

Internal Revenue Service [IRS]

[Official Guidance]

IRS Extends October 15 Deadline for Victims of September Wildfires in California

"Victims of the California wildfires that began on September 4 now have until January 15, 2021, to file various individual and business tax returns and make tax payments ... Currently this includes Fresno, Los Angeles, Madera, Mendocino, San Bernardino, San Diego and Siskiyou counties in California[.]" Icon to read more

Internal Revenue Service [IRS]

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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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