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Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

This reporting is due by December 27 of this year and must include information for the 2020 and 2021 calendar years, regardless of the plan or policy year. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. Here’s a list of what to expect in 2022. That comes to an end Dec.

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February HR News Worth Review

Higginbotham

The FAQs also address how a plan’s or issuer’s coverage of OTC COVID-19 tests impacts health flexible spending arrangements (FSAs) and similar account-based plans. Most all insurance carriers are handling the coverage and availability requirements for their clients. Employer Takeaway.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans. The subsidy is tax-free to the individual receiving the subsidy.

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2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

. · Omnibus spending bill to prevent a government shutdown, · COVID-19 Relief. · Tax Provisions. 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 required leave ended on December 31, 2020.