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COVID-19 Resource Library
June 5, 2020
In response to questions we have received related to the benefit plans we administer, Chard Snyder has compiled these helpful resources to provide guidance for our partners. Answers include the most recent information shared by the U.S. government and its agencies regarding the impact of COVID-19 on these services.
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COVID-19 Relief for Employee Welfare Benefit Plans
May 21, 2020
During the last few months, the Department of Labor (DOL), Treasury Department, and Department of Health and Human Services (DHHS) have jointly issued multiple pieces of guidance intended to provide relief to those suffering economic hardships from the coronavirus pandemic.
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IRS Releases 2021 Contribution Limits for HSAs
May 21, 2020
The IRS has issued Revenue Procedure 2020-32, providing inflation-adjusted amounts for health savings accounts (HSAs) for calendar year 2021:
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COBRA FAQs Regarding IRS & DOL Deadline Extensions
May 13, 2020
Chard Snyder has created FAQs regarding COBRA deadline extensions for participants and health plan sponsors in response to a joint ruling issued by the DOL & IRS on April 28.
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IRS Guidance Provides Section 125 Cafeteria Plan Flexibility in Response to Coronavirus
May 13, 2020
The Internal Revenue Service has released two notices to allow temporary changes to section 125 cafeteria plans and provide additional flexibility to participants
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IRS and DOL Provide Relief from Certain Time Deadlines for Participants & Health Plan Sponsors
April 30, 2020
Recognizing the impact of the COVID-19 pandemic, the Department of Labor and the Department of the Treasury have issued Notice 2020-01, which extends certain time frames affecting a participant's right to elect continuation of group health coverage under COBRA, pay premiums for COBRA continuation coverage, submit claims for coverage, and dispute denials of claims for benefits. The guidance also extends the period of time that a group health plan sponsor or administrator has to provide a COBRA election notice.
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Employee Benefits Eligible as “Payroll” for Small Business Payroll Protection Program Loans
April 16, 2020
The federal Small Business Administration (SBA) has issued guidance (FAQs) on Payroll Protection Program (PPP) loans available to small businesses during the coronavirus pandemic. Businesses with no more than 500 employees can apply for these loans if certain conditions are met.
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Updated SIGIS List of HSA- and FSA-Eligible Over-the-Counter Expenses Released
April 16, 2020
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) permanently reinstated coverage of over-the-counter (OTC) drugs and medicines as eligible for reimbursement from Health FSAs and HSAs without the need for a prescription. Menstrual care products may also now be purchased or reimbursed through these plans.
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Webinar with Q&A: COVID-19 and Its Impact on Health Plans, HSAs, and Cafeteria Plans
April 16, 2020
Watch Chard Snyder's webinar featuring Darcy Hitesman, an Employee Benefits Attorney, to learn about "COVID-19 and Its Impact on Health Plans, HSAs, and Cafeteria Plans."
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DOL Issues New Guidance on Families First Coronavirus Response Act (FFCRA)
March 30, 2020
On Friday, March 27, the U.S. Department of Labor (DOL) issued further guidance on the FFCRA, including the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act.