Tag Archives: Federal Legislative Update

White House Ties Medicare and Medicaid Funding to Staff Vaccination

On August 18, 2021, President Biden announced that nursing home staff must be vaccinated against COVID-19 or the facilities employing them could lose federal Medicare and Medicaid funding. According to White House officials, the administration plans to issue new regulations through the U.S. Department of Health and Human Services (HHS). When issued, these new regulations will apply […]

The Biden Administration Announces a Plan to Control the Spread of COVID-19

In a press conference, on September 9, 2021, the White House issued Path Out of the Pandemic: President Biden’s COVID-19 Action Plan (Plan). The Plan outlines a six-pronged, comprehensive national strategy to successfully combat COVID-19. Portions of the Plan will impose new obligations on employers, including federal contractors and subcontractors, healthcare settings and private employers. […]

Tax Credit Under the FFCRA for Employees Caring for Individuals Obtaining or Recovering from a COVID-19 Vaccination

On July, 29th, the Internal Revenue Service (IRS) announced that employers covered under the Families First Coronavirus Response Act (FFCRA) can claim federal tax credits when employees use emergency paid sick leave (EPSL) to accompany an individual to obtain a COVID-19 vaccination and/or to care for an individual recovering from an injury, disability, illness, or condition related to the […]

Reminder: New Final Deadline Announced for EEO-1 Reports

On August 18, 2021, the Equal Employment Opportunity Commission (EEOC) announced that the new deadline for filers to submit and certify their 2019 and 2020 EEO-1 Component 1 data, is now Monday, October 25, 2021. This new deadline is final, and all eligible filers must submit data by this date as there will be no additional changes to […]

Medicare Part D Notice Deadline Coming Soon

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare eligible individuals before October 15, […]

Compliance with the New Lifetime Income Disclosure Requirement

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), enacted on December 20, 2019, added a new annual disclosure requirement for benefit statements to participants and beneficiaries. The participant-disclosure requirement takes effect on September 18, 2021 and applies to retirement plan statements sent to participants after that date. The requirement applies to all ERISA-covered […]

Plans Retroactively Adopted After the End of the Plan Year Have No 2020 Form 5500 Filing Requirement

An invaluable provision within the Setting Every Community Up for Retirement Enhancement Act of 2019  (SECURE Act) is the ability to adopt a new plan after the end of the plan year, as late as the filing deadline for the employer’s tax return. This provision applies to plans adopted for taxable years beginning after December 31, 2019. […]

IRS Proposes the Elimination of Paper Filings for Most Employers

On July 23, 2021, the IRS published a proposed rule that would expand the requirement to file certain information returns electronically, including those under the Affordable Care Act’s (ACA) reporting requirements, in addition to, other common statements such as the W-2s and 1099s. Under current ACA e-filing rules, an employer subject to the ACA’s employer mandate is not […]

Form I-9 Review Flexibility Extended Through End of 2021

Effective September 1, 2021, the Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) announced another extension of the flexibility in complying with requirements related to Form I-9, Employment Eligibility Verification, due to COVID-19 until December 31, 2021. This temporary guidance was set to expire August 31, 2021. The extension will continue to allow […]

Some Parts of Price Transparency Requirements Delayed and Other Requirements Clarified

The Biden administration has delayed enforcement of key parts the insurer price transparency rule by six months (until July 1, 2022), to give plans more time to comply, while other components will take effect on the intended effective date. Employers should refer to The Center for Medicare Services’ (CMS) published guidance which details the enforcement dates of […]