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Employee Benefit Plan Limits for 2021

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Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS. The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and Transportation fringe benefit plans. The IRS typically announces … Continued

WHAT EMPLOYERS CAN DO TO ENCOURAGE AND SUPPORT VOTING

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Due to COVID-19, this year’s election may be especially challenging. Long lines, distant ballot drop boxes, and childcare arrangements may add to the time people need away from work to vote. Even where it’s possible to vote by mail or absentee ballot, experts anticipate that many people will still want to vote in person, so … Continued

California Expands Family and Medical Leave Under the CFRA

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Effective Jan. 1, 2021, amendments to the California Family Rights Act (CFRA) expand the law’s leave requirements to cover employers with at least five employees, provide new grounds for leave and remove leave limits. The CFRA The CFRA provides 12 weeks of unpaid, job-protected leave to otherwise eligible employees to bond with a new child … Continued

MEDICAL LOSS RATIO (MLR) REBATES 2020

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Are you an employer that is receiving a rebate check from your group medical insurance carrier? September 30 is the deadline for insurers to issue rebates, if required, under the Affordable Care Act’s medical loss ratio (MLR) rule. It is estimated that insurers will return over a quarter billion dollars to employer groups this year. … Continued

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