May 2020 - Employee Benefits I AP Benefit Advisors

IRS Releases 2021 Limits for HSAs

On May 20, 2020, the IRS released Revenue Procedure 2020-32.  It provides the 2021 inflation-adjusted amounts for HSA-qualified high deductible health plans (HDHPs). The inflation-adjusted increases for 2021 are: HSA-Qualified HDHP Self Coverage: Annual deductible must be $1,400 or more in 2021 (up $50 from 2020), and annual out-of-pocket expenses cannot exceed $7,000 (up $100 […]

Read More...

HHS Provides 2021 Benefit Payment Out-of-Pocket Limits

Earlier this week, the Department of Health and Human Services (HHS) published finalized 2021 Benefit Payment Parameters with an $8,550 out-of-pocket maximum for self-only coverage and $17,100 for family coverage for health plans beginning in 2021. See, the 5/14/2020 Federal Register publication here. Under the Affordable Care Act (ACA), non-grandfathered health plans are required to […]

Read More...

AssuredPartners Town Hall Webinar | Insurance Expense Reduction and Cost Control Solutions

AssuredPartners is pleased to continue our Town Hall meeting series this week with a focus on Insurance Expense Reduction and Cost Control Solutions. Based on feedback surrounding the topic this week, we will cover the following topics for discussion with our presenters: Cost Control Solutions for your Business Insurance Expense Reduction Options COVID-19 and Workers Compensation Insurance […]

Read More...

IRS Offers Guidance and Flexibility for Employee Benefit Plans

The Internal Revenue Service today released guidance to allow temporary changes to section 125 cafeteria plans. These changes extend the claims period for healthcare flexible spending arrangements (FSAs) and dependent care assistance programs and allow taxpayers to make mid-year changes. The guidance issued today addresses unanticipated changes in expenses because of the 2019 Novel Coronavirus […]

Read More...

AssuredPartners Webinar | Emergency FMLA: What is it and What Now? HRCI & SHRM Pre-Approved

COVID-19 legislation is changing the landscape of regulatory compliance for the remainder of 2020. Please join us for this HRCI* and SHRM** pre-approved, complimentary, one-hour webinar as ERISA Consultant, Olivia Ash, JD, reviews details of federal emergency FMLA legislation and covers essential benefit plan considerations impacted by COVID-19. Webinar Details: Thursday, May 21, 2020 2:00pm […]

Read More...

AssuredPartners Town Hall Webinar | State Reopening Orders & Employee Return to Work Measures

AssuredPartners is pleased to continue our Town Hall meeting series this week with a focus on State Reopening Orders and Employee Return to Work Measures. Based on significant demand from our customers, we will cover the following topics for discussion with our presenters: Recent DOL and IRS Changes for COBRA, Special Enrollments, and Claims Deadlines State […]

Read More...