Compliance Nook is a bi-weekly replace with the most recent information and sources on advantages compliance, federal well being, healthcare reform and COVID-19. The content material in Compliance Nook is produced by our father or mother firm at NFP.
The scenario and steerage surrounding the coronavirus (COVID-19) are quickly evolving on a each day and generally hourly foundation. Whereas we deal with present federal and state steerage, we anticipate that there will likely be further modifications within the coming days and weeks. We’ll do our greatest to replace you on these developments, however please perceive that this publication solely displays the steerage we’ve obtained up to now.
Employers ought to seek the advice of with their counsel and plan advisors to stay abreast of all compliance obligations.
Bulletins and Reminders
Psychological Well being Parity: The By no means-Ending Story [WEBINAR]
The Psychological Well being Parity and Habit Fairness Act (MHPAEA) has been a sizzling matter recently in compliance information. The Consolidated Appropriations Act of 2020 (CAA) included steerage establishing new compliance necessities for employers topic to MHPAEA. Be a part of us as we offer an summary of the regulation’s necessities and talk about the CAA’s addition to MHPAEA compliance within the hopes that employers will higher perceive their psychological well being parity obligations.
Reminder: 2020 HSA Contributions and Corrections Deadline Could 17
Steadily Requested Query
I heard “new” psychological well being parity necessities relating to non-quantitative therapy limitations (NQTLs) went into impact this yr. What are NQTLs? How does a plan adjust to the necessities?
COVID-19
COVID-19-Related Benefits Compliance Resources Available »
IRS Publishes Fact Sheet Regarding Tax Credits for Paid Leave Taken for COVID-19 Vaccination »
Federal Well being
Eleventh Circuit Rules that Workers’ Compensation Does Not Replace FMLA Obligations »
Retirement Updates
IRS Publishes Guide on Retirement Plan Options for Tax-Exempt Employers »
IRS Releases Final Form 5310 Instructions »
DOL Issues FAQs and Additional Guidance on Fiduciary Investment Advice »
DOL Provides Guidance on Cybersecurity Best Practices »