April 14, 2020
On Thursday, April 9th, the Federal Reserve authorized $2.3 trillion in emergency loan stimulus to help further combat the economic impact of the coronavirus pandemic. The aid package includes $500 billion for state and local governments to deliver critical services during the pandemic. Available funds will arrive in the form of the Fed’s purchase of short-term notes from states, counties, and cities.
States, cities, and counties are eligible for the loan program, subject to review and approval by the Federal Reserve. Important highlights of the stimulus package include:
As additional guidance is issued, your Fedeli team will continue to keep you updated of developments and the impact for you, your business, and your employees.
Have questions or concerns? Let’s talk.
September 8, 2023
Tenth Circuit Court of Appeals Hands Down a Big Win for ERISA Preemption After several failed attempts by pharmacy benefit managers (“PBM”) to challenge state laws regulating PBMs, the 10th Circuit Court of Appeals (in Pharmaceutical Care Management Association v. Mulready) handed down a big win for PBMs and, by extension, self-funded ERISA plans, when […]
August 28, 2023
IRS Issues Affordability Percentage Adjustment for 2024 The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adjusted amounts for 2024 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared responsibility provisions and premium tax credit program. As shown in the table […]