IRS Releases 2021 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

May 28, 2020

In Rev. Proc. 2020-32, the IRS released the inflation adjusted amounts for 2020 relevant to HSAs and high deductible health plans (HDHPs). The table below summarizes those adjustments and other... Read more »

Carrier Premium Credits and ERISA Fiduciary Obligations

May 18, 2020

Due to COVID-19 and state and local stay-at-home orders, utilization of group medical and dental insurance benefits is down. As a result, some carriers recently notified employers that they... Read more »

IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs

May 13, 2020

As the country continues to feel the impact of the COVID-19 National Emergency declared by President Trump on March 13, 2020, the IRS has provided some much-needed guidance and relief for... Read more »

Employer Insurance Premium Payment Grace Periods & Premiums Returned to Employers Inadvertent ERISA Issues

May 11, 2020

During this pandemic, many employers are having to curtail operations and are going through the difficult process of finding cost-saving measures because of the sudden reduction in revenue caused by... Read more »

Agencies Extend Deadline to Pay COBRA Premiums and Certain Other ERISA and Internal Revenue Codes Due to COVID-19

April 30, 2020

The impacts of the COVID-19 National Emergency, as declared by President Trump on March 13, 2020, have been vast. As a result, many employers and employees are struggling to meet their various... Read more »

COVID-19 and Cafeteria Plan Considerations

April 27, 2020

This legal alert was updated May 13, 2020. A cafeteria plan, or Section 125 plan, sometimes referred to as a POP plan, allows employees to pay for certain expenses on a pretax basis. Employees... Read more »

NYS Notice: Small Group Blanket Comprehensive Health Insurance Policies

April 21, 2020

Notice for Individual, Small Group and Student Blanket Comprehensive Health Insurance Policies Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent... Read more »

Tax Credits Under FFCRA: Qualified Leave Wages & Health Plan Expenses

April 13, 2020

This content was last reviewed on April 14, 2020. Employers who are uncertain about how to calculate their qualified health plan expenses and qualified leave wages should consult with their legal... Read more »

Notice for Certain NY Property & Casualty Policies

April 7, 2020

Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New... Read more »

Notice for NY Life Policies, Annuity Contracts, and Fraternal Benefit Society Certificates

April 7, 2020

Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New... Read more »