Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
New SBC Template Required for Plan Years Beginning January 1, 2021
For Plan years beginning January 1, 2021 and thereafter, the use of an updated Summary of Benefits and Coverage ("SBC") form is required. Recall, a plan must use the SBC template and supporting Glossary of Terms to ensure plan details
2020 Required Amendments Have Little Impact on 401(k) Plans
On November 20, 2020, the IRS released Notice 2020-83 (Required Amendments List for Qualified Retirement Plans and § 403(b) Retirement Plans), its annual list of required amendments (“RA List”) for individually designed qualified retirement plans, including 401(k) plans. But the
New Regulations for Coverage of COVID-19 Vaccines
On November 6, 2020, the Departments of Health and Human Services, Treasury, and Labor (the Departments) issued new regulations under the CARES Act regarding the obligation of group health plans to cover COVID-19 vaccines. The regulation applies to qualified coronavirus
Transparency Rule Means Requirements for Health Plans
Transparency Rule Means Requirements for Health Plans On November 12, 2020, the Departments of Treasury, Labor, and Health and Human Services (the Departments) published a final rule requiring insurers and health plans to publicly disclose pricing information for covered items,