Online retailer Amazon recently announced that you can now use your flexible spending account (FSA) or health savings account (HSA) to purchase eligible medical products on its site. Amazon’s FSA and HSA stores enable you to add your respective health payment card to...
Federal Agencies Issue COVID-19 Relief for Employee Benefit Plans The Departments of Labor (DOL) and the Treasury (Departments) recently issued deadline relief to help employee benefit plans, plan participants and plan service providers impacted by the COVID-19...
What you need to provide employees when their benefits end The BenefitWorks wants you to be aware of updates to two federal COBRA forms: Please refer to the resources within this e-mail to ensure you are familiar with and following the appropriate COBRA and...
As stay-at-home orders expire and restrictions loosen, many employers are thinking ahead to their reopening phase. Organizations are generally encouraged to implement a slow, staggered ramp up phase to ensure they can provide a safe workplace and comply with a wide...
Due to the COVID-19 pandemic, employers and unions that are subject to equal employment opportunity (EEO) reporting under Title VII of the Civil Right Act will not be required to file EEO surveys in 2020, the U.S. Equal Employment Opportunity Commission (EEOC)...
Employees like to hear that their benefit premiums will be coming out of their paycheck pre-tax! It lowers the tax liability on their salary and makes the total premium coming out feel like less than what was advertised. Employers win, too, as they save 7.65 percent...
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to address the COVID-19 crisis. The CARES Act makes a variety of changes affecting retirement plans. These changes affect tax-qualified retirement...
On April 9, 2020, the IRS issued Notice 2020-23 to extend key tax deadlines for individuals and businesses in response to the ongoing COVID-19 pandemic. This new tax relief is provided under Section 7508A of the Internal Revenue Code (Code), which gives the IRS...
Coronavirus Upends the Economy It’s all anyone can talk about, no matter where they live: coronavirus disease 2019 (COVID-19). The disease, officially designated a pandemic by the World Health Organization, has swept across the globe over the past several months. Much...
In response to the American economy reeling from the Coronavirus (COVID-19) pandemic, the federal government recently signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. Among other provisions, the Act provides businesses suffering under the...
