health and benefits updates

IRS Provides COBRA Coverage Clarifications

The IRS has issued Notice 2021-58, which clarifies the application of extension under the “Joint Notification of Extensions of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak”.

FuturePlan ERISA Team

COVID-19

Health and Welfare

IRS Guidance

Guidance on Premium Assistance for COBRA Benefits

The IRS has issued Notice 2021-46, which provides additional guidance affecting the application of the American Rescue Plan Act of 2021 on COBRA continuation coverage.

FuturePlan ERISA Team

Health and Welfare

Several Health Savings Bills Proposed

Senator Ben Sasse (R-NE) recently introduced two bills aimed at providing more flexibility for the use of health savings accounts (HSAs).

FuturePlan ERISA Team

Health and Welfare

HSA

Legislative updates

Supreme Court Leaves Affordable Care Act In Place

On June 17, 2021, the United States Supreme Court held that the plaintiffs did not have standing to pursue an action under the Patient Protection and Affordable Care Act (PPACA).

FuturePlan ERISA Team

Health and Welfare

IRS Provides Additional COBRA Premium Subsidy Guidance

The IRS issued Notice 2021-31, which provides guidance affecting COBRA premium assistance pursuant to the American Rescue Plan Act of 2021 (ARPA). 

FuturePlan ERISA Team

IRS

Health and Welfare

IRS Provides 2022 Amounts for HSAs and HRAs

IRS Revenue Procedure (Rev. Proc.) 2021-25 provides the 2022 inflation-adjusted amounts for HSAs and the maximum amount that may be made newly available for expected benefit HRAs.

FuturePlan ERISA Team

Health and Welfare

HSA

IRS Guidance

IRS Notice Addresses Taxation of Dependent Care Benefits

The IRS released Notice 2021-26, which addresses the taxation of dependent care benefits available during taxable years ending in 2021 or 2022.

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

IRS Guidance Affects Employment Taxes

The IRS issued Notice 2021-24, which provides guidance following the passage of the American Rescue Plan of 2021 (ARPA).

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

Additional COBRA Premium Assistance Guidance Under ARPA

The DOL has issued additional COBRA premium assistance guidance under the American Rescue Plan Act of 2021.

FuturePlan ERISA Team

DOL

Health and Welfare

Deadlines for Tax Filing and Certain Contributions Confirmed

The IRS makes official the previously announced delay of the April 15, 2021 federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. 

FuturePlan ERISA Team

HSA

IRA

IRS

IRS Guidance

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