IRS Issues Affordability Percentage Adjustment for 2022

IRS Issues Affordability Percentage Adjustment for 2022

The Internal Revenue Service (IRS) has released Rev. Proc. 2021-36, which contains the inflation-adjusted amounts for 2022 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer...
Legal Alert: September Deadlines for COBRA and 5500 Reporting

Legal Alert: September Deadlines for COBRA and 5500 Reporting

September 2021 is a busy month for compliance. Plan sponsors have obligations to meet this month, but we will focus on two in this quick alert. COBRA Subsidy Expiration Notice and Summary Annual Report  Due September 15, 2021 The COBRA subsidy expiration notice...
Alera Group Acquires Fendley Benefits

Alera Group Acquires Fendley Benefits

Alera Group, a top independent, national insurance and wealth management firm, announced today the acquisition of Fendley Benefits, an employee benefits firm that focuses on cost management, compliance, HR support, technology and employee advocacy. “Fendley...
Legal Alert: Implications of the Six-Pronged Plan on Employers

Legal Alert: Implications of the Six-Pronged Plan on Employers

On September 9th, 2021, President Biden unveiled the White House’s “Path out of the Pandemic” which is also being referred to as the “six-pronged plan.” Certain prongs of the plan will impact employers in the United States. The COVID-19...
Legal Alert: CAA Provision Status Update

Legal Alert: CAA Provision Status Update

Updated November 17, 2021; Originally posted September 10, 2021 The Consolidated Appropriations Act of 2021 (the “CAA”) was signed into law on December 27, 2020, and includes several provisions impacting group health plans and health insurance issuers....