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NEWS
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The IRS Issued Guidance for 2021 on Reporting Qualified Sick and Family Leave Wages
The Treasury Department and the Internal Revenue Service issued Notice 2021-53, which provides guidance to employers about reporting on...
Sep 9, 2021
ACA Affordability Percentage Decreased for 2022
The Affordable Care Act (ACA) considers the affordability of employer-sponsored health plans for the purposes of the shared...
Sep 9, 2021
Workers in Health Care Facilities & High-Risk Congregate Settings Must Be Vaccinated or Tested in NJ
Governor Murphy signed Executive Order 252 requiring all workers in certain state and private health care facilities and high-risk...
Sep 9, 2021
Enforcement Extension for Plan Transparency Disclosure Requirements
All health insurance carriers and employers that offer group health coverage to their employees have a wide range of pending compliance...
Aug 27, 2021
New Jersey Fully-Insured Plans Must Provide the Newborn Home Nurse Visitation Program
On July 29, 2021, Governor Phil Murphy signed a law that guarantees parents in New Jersey to receive at least one free home visit by a...
Aug 12, 2021
IRS – Proposed Electronic Filing Requirements
The IRS released proposed regulations reducing the electronic-filing threshold for information returns such as Forms 1094-C and 1095-C,...
Aug 5, 2021
Breaking News | IRS Releases Additional ARPA Guidance
Following enactment of the American Rescue Plan Act (ARPA), the Internal Revenue Service (IRS) addressed issues with respect to COBRA...
Jul 27, 2021
National Prohibition on Surprise Billing Effective January 1
On Thursday, July 1, 2021, the Department of Labor (DOL) issued interim final rules governing the prohibition on surprise billing...
Jul 8, 2021
Supreme Court Ruling Leaves Affordable Care Act in Place
The U.S. Supreme Court rejected a challenge to the Affordable Care Act's individual mandate, holding that Texas and other states did not...
Jun 21, 2021
DOL’s Top Enforcement Priority | Mental Health Parity & Addiction Equity Act (MHPAEA) Requirements
Overview The Consolidated Appropriations Act of 2021 (CAA) was enacted on December 27, 2020. The CAA says that as of February 10, 2021,...
Jun 17, 2021
PCORI Fee Amount Adjusted for 2021 | Due August 2, 2021
The Fee is $2.66 per Covered Life for Plan Years Ending in 2021
Jun 8, 2021
IRS Issues Additional ARPA Guidance and FAQs
The IRS issues additional ARPA guidance and FAQs.
May 19, 2021
The American Rescue Plan Act | COBRA & State Continuation Subsidy Guide
This document is meant to provide employers with a guide on how to respond to the new COBRA and State Continuation (mini-COBRA) requirements
May 12, 2021
The Department of Labor Has Released COBRA Premium Subsidy Model Notices
On April 7, 2021, the U.S. Department of Labor (DOL) released various documents pertaining to the COBRA premium assistance provisions...
Apr 8, 2021
American Rescue Plan Act Update & Impacts on COBRA Administration
On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA) was signed into law. ARPA establishes a 100% COBRA premium subsidy for...
Apr 7, 2021
PPP Extension Act of 2021
President Biden signed the Paycheck Protection Program (PPP) Extension Act of 2021 into law on March 30, 2021. The new law extends the...
Apr 1, 2021
New COVID-19 Stimulus Law Contains Many Health Coverage Provisions
While the American Rescue Plan Act of 2021 (ARPA) makes many changes to COBRA, it also includes several other provisions that impact...
Mar 12, 2021
Breaking News | COVID COBRA Challenges Continue: The 100% Subsidy
While many benefits consultants are struggling to understand the changes to COBRA resulting from updated guidance related to the Outbreak...
Mar 11, 2021
Breaking News | President Biden Signed $1.9 Trillion Economic Relief Package
Today, President Biden signed the $1.9 trillion economic relief package. Savoy will continue to provide information as soon as it becomes...
Mar 11, 2021
DOL Guidance on the End of the Moratorium of COBRA Notices
EBSA Disaster Relief Notice 2021-01 Guidance on Continuation of Relief for Employee Benefit Plans and Plan Participants and Beneficiaries...
Mar 8, 2021
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