Remove 2020 Remove Deductible Remove Insurance Carriers Remove Paid Leave
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2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

Families First Coronavirus Response Act (FFCRA) passed early in 2020 enacted a temporary Paid Leave Act (EPSL) as an extension of the Family Medical Leave Act (FMLA). The company receives a Tax Credit on their Quarterly Taxes to help pay for this leave. The required leave ended on December 31, 2020.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. Tax Credit. Changes to Code Section 162(m).