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Patient-Centered Outcomes Research Institute (PCORI) Fees Due July 31, 2020

Patient-Centered Outcomes Research Institute (PCORI) Fees Due July 31, 2020

On June 8, 2020, the Internal Revenue Service (IRS) issued Notice 2020-44 announcing the PCORI fee for plan years ending on or after October 1, 2019 and before October 1, 2020 will be $2.54 per ...
IRS Issues COVID-19 Guidance for Cafeteria Plans

IRS Issues COVID-19 Guidance for Cafeteria Plans

Due to the COVID-19 crisis, the IRS has issued Notice 2020-29 to announce the opportunity for employers to allow mid-year changes to employer-sponsored health coverage and dependent care assistance ...
2021 HSA Limits and ACA Out-Of-Pocket Maximums

2021 HSA Limits and ACA Out-Of-Pocket Maximums

The IRS has issued Revenue Procedure 2020-32 to announce the 2021 contribution limits and high deductible health plan (HDHP) design requirements. The new Health Savings Account (HSA) contribution ...
Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) enacted March 27, 2020 is an economic stimulus measure for individuals, businesses, and hospitals in response to the economic ...
COVID-19 Legislation and Resources

COVID-19 Legislation and Resources

While federal, state, and local governments are frantically drafting, debating, and enacting a plethora of coronavirus-related legislation, employers and plan sponsors are becoming overwhelmed with ...
COVID-19 and High Deductible Health Plans

COVID-19 and High Deductible Health Plans

In response to the present health crisis, the IRS issued Notice 2020-15, which permits Health Savings Account (HSA)-compatible high deductible health plans (HDHPs) to cover the testing and treatment ...
Update to Our Clients on COVID-19

Update to Our Clients on COVID-19

As a country, we are rapidly adapting to the global pandemic of COVID-19. Foster & Foster is monitoring the situation to understand how the virus will impact our clients’ benefit plans. We would ...
State Individual Mandates Add to Employer Reporting Responsibilities

State Individual Mandates Add to Employer Reporting Responsibilities

In response to the federal government’s repeal of the financial penalties of the Affordable Care Act’s (ACA’s) Individual Mandate, several states have enacted their own individual mandates. Without ...