May 17, 2021
The IRS has released Revenue Procedure 2021-25 notifying Health Savings Account owners of the funding and deductible limits effective January 1, 2022. Annual HSA Contribution Limits Single – $3,650 ($50...
Read MoreApril 19, 2021
Following is a timeline and link to forms to assist in administration of the COBRA notices that must be sent to comply with the American Rescue Plan Act (ARPA). DATES: 1) 60-days from initial...
Read MoreApril 16, 2021
Department of Labor (DOL) guidance has begun to be released regarding the COBRA Subsidies included in the American Rescue Plan Act. Despite the subsidies being effective April 1st, the DOL...
Read MoreMarch 17, 2021
On March 11, 2021 President Biden signed the American Rescue Plan Act. Included in the Act are substantial temporary changes to COBRA, the ability to extend employer-based coverage. Federal COBRA...
Read MoreJanuary 06, 2021
The Consolidated Appropriations (Budget) Act for 2021 signed by the President includes time limited changes in Flexible Spending Account (FSA) administration and participant utilization. These changes are not mandatory, but...
Read MoreNovember 12, 2020
If you’ve been watching the news (and let’s face it, you have) you can’t miss the fact that COVID-19 infections and hospitalizations are increasing not just locally but around the...
Read MoreOctober 30, 2020
When we think about Open Enrollment most envision a company’s employees gathering in one room, listening to a consultant or Human Resource Manager run through the options and costs, and...
Read MoreOctober 28, 2020
The IRS has released both the Health Savings Account (HSA) limits and the Flexible Spending Account (FSA) limits for 2021. These were distributed in Revenue procedures 2020-32 and 2020-45, respectively. ...
Read MoreSeptember 02, 2020
News outlets throughout New York State have been reporting on the implementation of the Paid Sick Leave law that was created in a three-way agreement with the Governor and New...
Read MoreSeptember 02, 2020
The New York State Department of Financial Services has released the 2021 Paid Family Leave premium amount, which is more than double last year’s rate. Moreover, the rate is now...
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