On Thursday, Sept. 9, 2021, President Joe Biden’s administration announced a plan to lower Medicare prescription drug prices. The plan acts as a wish list to Congress, suggesting legislative areas to pursue at the behest of the White House. This News Brief explains further.
On Sept. 14, 2021, federal agencies announced proposed revisions to the Form 5500 Annual Return/Report. These changes are designed primarily to implement provisions in the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), in addition to other improvements. This Legal Update explains further.
On September 9, 2021, President Biden introduced the Path out of the Pandemic COVID-19 Action Plan. The intent of the plan is to provide a comprehensive national strategy and utilize every available tool to combat COVID-19 as the nation continues to be challenged by the COVID-19 pandemic. This more extensive approach to battling the pandemic follows President Biden’s previously issued executive orders for mandatory vaccinations for both Federal employees and Federal contractors.
Recently, the IRS released Rev. Proc. 2021-36, which announced the 2022 indexing adjustments for two important percentages under the Affordable Care Act (ACA).
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
The pandemic has encouraged employers to reimagine their open enrollment processes and try different tactics. This article discusses key findings and lessons from last year’s open enrollment and how employers can best prepare for the 2021 season.