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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Departments Provide Some Relief to Health Plan Sponsors Facing Looming Year-End Deadlines
Year-end is always a scramble for health plan sponsors as they go through renewal and open enrollment. This year was looking to be worse than normal given the impending deadlines for complying with the transparency in coverage regulations (“TiC”) and the numerous changes made by the Consolidated Appropriations Act, 2021 (the “CAA”). As reflected in our February 16, 2021 blog, Buckle Up! Complying with the Health & Welfare Provisions of the CAA Could be a Wild Ride, most of the CAA deadlines were scheduled to take effect December 27, 2021 or the first plan year beginning on or after January 1, 2022, giving plan sponsors and their service providers scant time to comply. Read More ›
Posted in Employee Benefits, Health Care Reform
| Tagged ACA, CAA, deadlines, health and welfare, transparency in coverage
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Better Late Than Never: IRS Issues Guidance Clarifying COBRA Premium Subsidy Rules
S&W Insight: The IRS clarified several trailing issues with respect to COBRA premium subsidies under the American Rescue Plan Act, including extended election periods, eligibility for other coverage, and rules about allocating premium credits among employers. In addition, a notice deadline is on the horizon.
Many employers have been grappling with the ramifications of the American Rescue Plan Act (“ARPA”) since it was enacted earlier this year. Among other provisions, ARPA provided a temporary subsidy for certain insurance premiums under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”).
We previously summarized this relief in the following SW Benefits Updates: “Help Is on the Way – Important Changes to COBRA under the American Rescue Plan Act,” “DOL Clarifies Key Provisions, Issues Model Notices for COBRA Relief under ARPA,” and “Ironing Out the Wrinkles – IRS Answers 86 Questions about COBRA Relief under the American Rescue Plan Act. Read More ›
Posted in Health & Welfare Plans, Health Care Reform
| Tagged american rescue plan, ARPA, COBRA, cobra premium, IRS, notice requirement, subsidy
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Not All Surprises Are Good – Phase I of the Surprise Billing Rules
On July 1, 2021, the Office of Personnel Management, Department of the Treasury, Department of Health and Human Services, and Department of Labor issued the interim final rule “Requirements Related to Surprise Billing; Part I” (the “IFR”), which is the first phase of regulations implementing the No Surprises Act. The No Surprises Act provides certain protections against surprise medical bills and was signed into law on December 27, 2020 as part of the Consolidated Appropriations Act, 2021.
The No Surprises Act and the IFR do not completely eliminate surprise billing, but they provide relief from some of the more common scenarios when an individual may experience high and unexpected medical costs. Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged Department of Labor, ifr, no surprises act, surprise billing
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In Case You Missed It – Key 2021 Employee Benefits Topics
This year is off to a fast start and plan sponsors might find their heads spinning as they try to keep track of rapidly developing employee benefits legislation and guidance. We periodically consolidate key newsletters and blog posts to help our readers stay organized and catch up on items they might have missed. Below, please find links to several SW Benefits Updates and blog posts covering developments in the employee benefits realm. As always, you can access our entire catalogue of employee benefits blog posts here on the Snell & Wilmer L.L.P. website. You can also view all of our SW Benefits Updates here, and our COVID-19-specific SW Benefit Updates here. Read More ›
Posted in Employee Benefits, Executive Compensation, Health & Welfare Plans, Health Care Reform, Qualified Retirement Plans
| Tagged COBRA, Consolidated Appropriations Act, multiemployer plan, wellness program
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Credit Where Credit Is Due: IRS Offers Long-Sought Guidance on Employer Retention Credit Program
As we previously reported, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) provided for an employee retention credit (“ERC”) designed to encourage employers to retain workers during the COVID-19 crisis. In general, the ERC permits eligible employers to claim a refundable tax credit of a portion of qualified wages paid to employees over a given period.
Initially, the IRS issued guidance on ERCs in the form of online Frequently Asked Questions (the “FAQs”). The FAQs were non-binding and subject to change. As of March 1, 2021, the IRS published formal rules with respect to ERCs in Notice 2021-20 (the “Notice”). Read More ›
Posted in Employee Benefits, Executive Compensation, Health & Welfare Plans, Health Care Reform, Qualified Retirement Plans
| Tagged CAA, CARES Act, eligible employer, employee retention credit, ERC, paycheck protection program, PPP, Qualified wages
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Wellness Program Incentives – New Year, New EEOC Proposed Rules
For years we have been trying to understand how the EEOC regulates wellness programs. Although we still do not have a complete picture, we are getting closer with the EEOC’s new Notices of Proposed Rulemaking on wellness programs under the Americans with Disabilities Act (“ADA”) and the Genetic Information Nondiscrimination Act (“GINA”). This blog summarizes the status of the ADA wellness program rules and the changes under the recently released proposed ADA wellness program rules.
Title I of the ADA
Title I of the ADA prohibits discrimination against individuals on the basis of disability in regard to employment compensation and other terms, conditions, and privileges of employment, including “fringe benefits available by virtue of employment, whether or not administered by the covered entity.” Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged ADA, EEOC, medical, regulations, wellness, wellness program
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Free COVID-19 Vaccine and Testing Update
On November 30, Moderna announced that it is seeking FDA authorization for its COVID-19 vaccine. In addition, on November 17 the FDA issued an emergency use authorization for the first COVID-19 diagnostic test for self-testing at home. With these recent developments, a COVID-19 update for health and welfare plans might be helpful.
- Free COVID-19 Vaccines – As reported in our April 1, 2020 SW Benefits Update: “The CARES Act – What Are the Health and Welfare Plan Issues to Consider?,” Section 3203 of the CARES Act requires group health plans and health insurance issuers to cover without cost-sharing any “qualifying coronavirus preventive service,” which includes an item, service, or vaccine that is intended to prevent or mitigate coronavirus that is: (1) an evidence-based item or service with an A or B rating recommended by the U.S.
Posted in Health & Welfare Plans, Health Care Reform
| Tagged covid, covid-19, fda, health plans, moderna, testing, vaccines
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‘Tis the Season: Four Year-End Employee Benefit Plan Checklists
Each year, we publish health and welfare, cost-of-living, executive compensation, and qualified retirement plan checklists to help individuals and employers stay apprised of updates to the law of employee benefits. We recently published the last of these annual checklists. In case you missed them, the links are below.
Happy holidays!
2020 End of Year Plan Sponsor “To Do” List (Part 1) Health & Welfare
2020 End of Year Plan Sponsor “To Do” List (Part 2) Annual Cost of Living Adjustments
2020 End of Year Plan Sponsor “To Do” List (Part 3) Executive Compensation
2020 End of Year Plan Sponsor “To Do” List (Part 4) Qualified Retirement Plans
Posted in Employee Benefits, Executive Compensation, Health & Welfare Plans, Health Care Reform, Qualified Retirement Plans
| Tagged COLA, cost-of-living, Executive Compensation, health and welfare, qualified plans, year end checklist
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Finally, Some Good News: IRS Extends Certain ACA Reporting Deadlines and Transition Relief
As in prior years, the IRS has provided relief for employers preparing to comply with the Affordable Care Act’s (“ACA”) information reporting requirements in early 2021 for the 2020 calendar year. In particular, Notice 2020-76 (the “Notice”) extends the deadline to furnish Forms 1095-B and 1095-C to employees. The new deadlines are provided, below.
| Original Deadline | Extended Deadline | |
| Form 1095-B (to employees) | January 31, 2021 | March 2, 2021 |
| Form 1095-C (to employees) | January 31, 2021 | March 2, 2021 |
Importantly, the Notice does not extend the deadline for filing Forms with the IRS. Instead, the deadline to file with the IRS remains February 28, 2021 (for paper filings) and March 31, 2021 (for electronic filings). Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 4980H, ACA, deadlines, extension, notice 2020-76, reporting
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In Case You Missed It … Recent Posts From the SW Benefits Update
We periodically consolidate our prior blog posts and push them out as a single package to help individuals catch up on what they might have missed with respect to important health and welfare, qualified retirement plan, and executive compensation issues. The posts highlighted here largely focus on the CARES Act and the impact the COVID-19 pandemic is having on employee benefit and executive compensation plans. As always, please feel free to reach out to any member of our employee benefits and executive compensation group with questions. Please enjoy (and have a safe) Memorial Day weekend!
Posted in Employee Benefits, Executive Compensation, Health & Welfare Plans, Health Care Reform, Qualified Retirement Plans
| Tagged blog, CARES Act, covid-19, Executive Compensation, health and welfare, retirement plan, roundup
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