Biden Issues Executive Order Raising the Federal Contractor Minimum Wage to $15
On April 27, 2021, President Joe Biden issued an executive order raising the minimum wage of federal contractors to $15 per hour. This News Brief explains further.
On April 27, 2021, President Joe Biden issued an executive order raising the minimum wage of federal contractors to $15 per hour. This News Brief explains further.
On February 18, the IRS released Notice 2021-15 (the Notice) to clarify the application of the Flexible Spending Account (FSA) relief provided for under the Taxpayer Certainty and Disaster Relief Tax Act of 2020 (the Act). The Notice also provides additional flexibility under Internal Revenue Code Sec. 125 for group health plans.
Employers are often looking for ways to manage rising health care costs. One common approach they may consider is offering an opt-out arrangement to their employees. In such an arrangement, an employer offers a financial incentive or an opt-out payment to employees who waive employer-sponsored group health coverage. This Benefits Brief provides an overview of the compliance considerations an employer should take into account prior to establishing an opt-out arrangement.
As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law in March 2020, most group health plans are required to provide no-cost coverage for COVID-19 preventive services, including vaccinations. On November 6, the Internal Revenue Service, the Department of Labor, and the Department of Health and Human Services (the Agencies) released interim final regulations to address the details of how plans should provide this coverage.
This month’s Benefits Buzz discusses the Supreme Court’s decision to hear a challenge to the ACA and examines limitations for pay or play penalties.
On March 27, 2020, the U.S. Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide $2.2 trillion in federal funding designed to provide financial assistance for those struggling as a result of the coronavirus (COVD-19) outbreak. The new law also includes several provisions affecting health plan coverage. This Bulletin summarizes the …