March 2021 - Employee Benefits I AP Benefit Advisors

PCORI Fee Increased for Plan Years Ending After October 1, 2020

The IRS is raising the fee that insurers or self-insured health plan sponsors will pay in 2021 to fund the federal Patient-Centered Outcomes Research Institute (PCORI) trust fund. The fee will be $2.66 per plan enrollee, up from $2.54 for the 2020 plan year, according to Notice 2020-84, which the IRS issued on November 24, 2020.  […]

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ARPA – The American Rescue Plan is Now Law

President Biden has now signed the $1.9 trillion relief bill commonly referred to as The American Rescue Plan Act of 2021 (ARPA) into law. (PDF Link here).  Overall, the bill will provide relief in many forms, including but not limited to, direct stimulus payments to eligible recipients, unemployment assistance, aid for small businesses, and child […]

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