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Health & Welfare Plans Newsletter

May 14, 2021

8 New Job Opportunities

 

[Guidance Overview]

IRS Issues Guidance on the Tax Treatment of Dependent Care Benefits

"With so many overlapping extension deadlines and varying IRS-mandated contribution limits ... DCAP plan administration may be more involved in the near term.... [Notice 2021-26] does not address nondiscrimination testing issues or provide any relief for testing failures under Section 129 of the Internal Revenue Code, which have become more frequent given the ability to allow mid-year changes to elections in 2020, 2021, and 2022."  MORE >>

Jackson Lewis P.C.

[Guidance Overview]

When Does an Employee Recoup FMLA Leave in a New FMLA Year?

"When tackling this issue, we first must confirm which of the four 12-month FMLA periods the employer is using ... If we first look to the FMLA regulations, we'll find this is one of the few instances in the world of FMLA where the rules actually lead us to a clear cut answer[.]"  MORE >>

FMLA Insights

Unexpected Healthcare Utilization Outcomes During a Pandemic (And What They Mean for Employers)

"[H]ealth services spending was down roughly 2.7% (seasonally adjusted annual rates) as of December 2020 compared with December 2019.... [T]he healthcare industry has largely recovered to its pre-COVID numbers.... HR professionals can use the unexpected outcomes of healthcare utilization in 2020 to strategically plan for a successful, healthy 2021 (and beyond)."  MORE >>

HR Daily Advisor

Pandemic Accelerates Employer Voluntary Benefit Offerings

"The pandemic is driving more employers to offer voluntary benefits, with nearly all employers (94%) expecting these employee-pay-all or unsubsidized benefits to hold great importance in their organizations during the next three years.... [The fastest growing benefits include] [1] Identify theft.... [2] Hospital indemnity.... [3] Pet insurance.... [4] Critical illness.... [5] Group legal."  MORE >>

Willis Towers Watson

How the Pandemic Has Strengthened the Case for Offering Voluntary Benefits to Your Employees (PDF)

"63% of employees surveyed expect at least one expanded benefit such as supplemental insurance or telemedicine options.... 57% of employees are at least somewhat likely to take a job with lower pay but with better benefits; and 48% strongly or completely agree that supplemental insurance benefits are part of a comprehensive benefits program, up significantly from 41% in 2019."  MORE >>

Cowden Associates, Inc.

What to Consider When Establishing a Telemedicine Program

Podcast. "Telemedicine, especially throughout the COVID-19 pandemic, has allowed health care providers to offer high-quality, efficient, and cost-effective services that limit disease exposure for staff and patients."  MORE >>

Seyfarth Shaw LLP

Post-Pandemic, Americans Remain Unprepared for Disability

"The events of 2020 arguably proved the case for the importance of income protection and financial wellness, and it did lead to an increase in individuals considering or buying life insurance. But even as employers paid out nearly $11 billion in disability benefits pay related to COVID-19, many individuals still aren't investing in disability insurance. In fact, the opposite has happened."  MORE >>

Watko Benefit Group

The Public's Perspective on the United States Public Health System

"This survey examines trust in key groups in health and health care, ratings of the job performance of public health agencies, trust in information from public health departments, understanding of different health and social issues that fall within the purview of public health departments, and public views on the biggest health problems facing the nation."  MORE >>

Robert Wood Johnson Foundation

Benefits in General

[Official Guidance]

Text of IRS Disaster Relief Notice TN-2021-01, for Victims of Severe Storms, Straight-Line Winds, Tornadoes, and Flooding in Tennessee

"Victims of severe storms, straight-line winds, tornadoes, and flooding that began March 25, 2021 now have until August 2, 2021, to file various individual and business tax returns and make tax payments ... Individuals and households affected by severe storms, straight-line winds, tornadoes, and flooding that reside or have a business in Campbell, Cannon, Cheatham, Claiborne, Clay, Davidson, Decatur, Fentress, Grainger, Hardeman, Henderson, Hickman, Jackson, Madison, Maury, McNairy, Moore, Overton, Scott, Smith, Wayne, Williamson, and Wilson counties qualify for tax relief."  MORE >>

Internal Revenue Service [IRS]

[Official Guidance]

ERISA Advisory Council to Meet June 24 and 25

"[T]he 206th open meeting of [the ERISA Advisory Council] will be held via a teleconference on Thursday, June 24 and Friday, June 25, 2021.... The two-day meeting will begin at 9:00 a.m. and end at approximately 5:30 p.m. (ET) each day ... The purpose of the open meeting is for Advisory Council members to hear testimony from invited witnesses and to receive an update from [EBSA]. The Advisory Council will study the following topics: [1] Gaps in Retirement Savings Based on Race, Ethnicity and Gender, and [2] Understanding Brokerage Window Prevalence, Usage, and Implementation."  MORE >>

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

[Official Guidance]

Revision of ASOP No. 11, Treatment of Reinsurance or Similar Risk Transfer Programs Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports

"Since 2005, significant new guidelines and requirements for life insurance policies and annuity contracts have emerged ... The guidance in the standard is being updated to reflect emerging practices driven by this new environment.... The standard is effective for actuarial services performed in connection with financial reports issued on or after Dec. 1, 2022."  MORE >>

Actuarial Standards Board

Employee Benefits Jobs

View job as DB/DC Administrator
for Primark Benefits DB/DC Administrator

Primark Benefits

Telecommute / Burlingame CA

View job as DB/DC Administrator
for Primark Benefits

View job as Senior Retirement Plan Administrator
for TPS Group Senior Retirement Plan Administrator

TPS Group

Telecommute

View job as Senior Retirement Plan Administrator
for TPS Group

View job as Plan Administrator
for Aimpoint Pension Plan Administrator

Aimpoint Pension

Telecommute / Pompano Beach FL

View job as Plan Administrator
for Aimpoint Pension

View job as Retirement Plan Sales Consultant
for Edberg Perry Retirement Plan Sales Consultant

Edberg Perry

Phoenix AZ

View job as Investment Consultant Analyst / Associate Consultant - Fiduciary Consulting Services
for Newport Investment Consultant Analyst / Associate Consultant - Fiduciary Consulting Services

Newport

Lake Mary FL / Dallas TX / Chicago IL / Charlotte NC / Saint Petersburg FL

View job as ESOP Retirement Account Administrator, Senior
for Alerus ESOP Retirement Account Administrator, Senior

Alerus

Telecommute

View job as Senior Relationship Manager
for Alerus Senior Relationship Manager

Alerus

East Lansing MI / Scottsdale AZ

View job as 401(k) Administrator
for TPS Group 401(k) Administrator

TPS Group

Telecommute / North Haven CT

Press Releases

Attorney Neelam Chandna Joins The Wagner Law Group

Wagner Law Group P.C.

Last Issue's Most Popular Items

COBRA Subsidy Under ARPA: Important Deadlines Approaching (PDF)

Wilmer Hale

Dependent Care Benefits: IRS Addresses How Extended Carryovers and Increased Benefit Limit Will Work

Lockton

LGBTQ+ Protections Under the ACA Are In Effect Again!

Jackson Lewis P.C.

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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