IRS Issues Guidance On Expenses For COVID-19 And Preventive Care Under High Deductible Health Plans
Background In order to make contributions to a health savings account, an individual must be covered under a high deductible health plan (HDHP) and not […]
FAQ Part 51: Coverage Updates: COVID-19 Tests, Colonoscopies, and Contraception
The Departments of Labor, Health and Human Services (HHS), and the Treasury (collectively, the Departments) have issued Part 51 of its FAQs dealing with three […]
IRS ADDS TWO FAQs TO ITS COVID-19 Q&A GUIDANCE FOR RETIREMENT PLANS
On October 28, 2021, the Internal Revenue Service (“IRS”) added two FAQs to its official guidance in the form of questions and answers (“Q&As”) regarding […]
HIPAA and Vaccine Mandates
The Health Insurance Portability and Accountability Act of 1996 (HIPAA), through its Privacy and Security Rules, governs the permitted and required uses and disclosures of […]
Reminder: COVID-19 Vaccines and Employer Incentives
What’s an employer to do about it’s wellness programming respecting COVID-19 vaccinations? Exercise caution. This summer the EEOC provided guidance for employers on navigating the […]
2020 Taxes: Did You Take a Coronavirus-Related Distribution from your 401(k)?
IMPORTANT! If you received a “coronavirus-related distribution” from your 401(k) plan during 2020, don’t forget to report this on your 2020 Federal income tax return! […]
New Administration, New Rules
With a new administration comes new rules. Executive actions have put some rules on hold while others remain in force. Watch our Associate General Counsel, […]
IRS Releases Final Regulations on Rollovers of 401(k) Qualified Plan Loan Offsets
On December 7, 2020, the Internal Revenue Service (“IRS”) issued its final regulations addressing rollovers of qualified retirement plan (particularly 401(k) plan) loan offset amounts. […]
Coronavirus-Related Distributions Quickly Coming To An End
IRS RELEASES DRAFT FORM 8915-E IMPORTANT! The CARES Act provisions regarding “coronavirus-related distributions” are currently set to expire on December 31, 2020. Therefore, participants who […]