March 6, 2020
Over the past few weeks COVID-19 coronavirus has begun to spread globally, including documented cases in the United States. We understand you may have concerns about how the emerging situation may affect you and your workforce. Our human resources partner, HRWS, has provided an overview of important considerations for employers in addressing the unfolding situation. For more information please click on the link below.
We are closely monitoring the recommendations of the government, and are communicating with the health insurance carriers as to how they will address coverage and benefit issues that may emerge. We will provide additional information as it is obtained.
Should you have any questions, please reach out to us.
July 28, 2023
On July 12, 2023, the IRS, DOL and HHS (collectively, “the Agencies”) released proposed regulations that modify the conditions for hospital indemnity and other fixed indemnity insurance to be considered an “excepted benefit.” Maintaining “excepted benefit” status is important for fixed indemnity plans, as it exempts them from having to comply with the ACA’s insurance […]
June 28, 2023
FICA Reduction Redux – IRS Issues Guidance on Wellness Indemnity Payments On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal Insurance Contributions Act (FICA) taxes, Federal Unemployment Tax Act (FUTA) taxes, and federal income tax withholding […]