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Read below for insights, ramblings, thoughts and comments on Benefit Advisory Services, HR and Benefit Administration, Regulatory Compliance and Organizational Development.

HRPro Named One of the Best and Brightest Companies to Work For in the Nation for 2021

The National Association for Business Resources has released their fall 2021 Best and Brightest Companies To Work For in the Nation. The 2021 Fall National winning companies were assessed by an independent research firm which reviewed a number of key measures relative to other nationally recognized winners. The Best and Brightest Companies to Work For…
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IRS Announces the 2022 Tax-Exclusion Limits for FSA’s, Commuter Benefits and QSEHRA’s

The IRS just released the 2022 contribution limits for FSAs, Commuter Benefits, QSEHRAs, and more. They also increased the FSA Rollover limit for 2022. The new limits are as follows: Health FSA Max election has increased from $2,750 to $2,850 Dependent Care Elections have remained at $5,000 The FSA Rollover Allowance has increased from $550…
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Preparing for the Emergency Temporary Standard (ETS)

A federal appeals court has temporarily blocked President Joe Biden’s vaccine-or-testing policy for businesses with at least 100 employees. But covered employers should still prepare for the upcoming deadlines while litigation is pending, according to employment law attorneys. On November 5, the Occupational Safety and Health Administration (OSHA) published its Emergency Temporary Standard (ETS). If the…
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HRPro Named Best and Brightest Companies to Work For in Metropolitan Detroit for 2021

The National Association for Business Resources has named HRPro one of the Best and Brightest Companies to Work For in Metropolitan Detroit. Every year companies throughout Metropolitan Detroit compete to be named one of “Metro Detroit’s Best and Brightest Companies to Work For®.”  Only companies that distinguish themselves as having the most innovative and thoughtful…
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COBRA

Clarification of IRS Notice 221-31 and COBRA Subsidy Eligibility

On Tuesday May 19, IRS released Notice 2021-31.  This notice provides a series of questions and answers to address many issues that have arisen with respect to COBRA premium assistance available for COBRA continuation coverage under the American Rescue Plan Act (ARP). Generally, the questions and answers apply for purposes of all COBRA continuation coverage…
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IRS Releases 2022 HSA Contribution Amounts and Excepted Benefit HRA Maximum Benefits

The IRS recently issued new 2022 contribution limits for health savings accounts (HSA), which represent the total amount of tax-advantaged dollars that participants can deposit into these accounts. Likewise, the IRS also issued new limits for high-deductible health plans (HDHP) to indicate the total amount individuals and families can expect to spend out-of-pocket on health…
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COBRA

ARPA COBRA Subsidy – When is a Termination of Employment Involuntary?

Content reposted with permission from: The National Law Review and Paul M. Hamburger, co-chair of the Employee Benefits & Executive Compensation Group and head of the Washington, DC law office of Proskauer. The American Rescue Plan Act of 2021 (“ARPA”), includes a 100% COBRA premium subsidy for periods of coverage occurring between April 1 and…
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IRS Extends Time to Make IRA, HSA Contributions and File Forms 1040

On March 29, 2021, the Internal Revenue Service issued Notice 2021-21, which extends tax deadlines for filing Form 1040 series returns and other deadlines to May 17, 2021. The Notice, issued as a result of the ongoing COVID-19 pandemic, follows a prior IRS extension (also to May 17, 2021) of the federal income tax filing…
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Amounts Paid for Certain Personal Protective Equipment Treated as Medical Expenses Announcement

Announcement 2021-7 notifies taxpayers that amounts paid for personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of the Coronavirus Disease 2019 (COVID-19 PPE) are treated as amounts paid for medical care under § 213(d) of the Internal Revenue Code. Therefore, amounts paid by an…
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American Rescue Plan

The American Rescue Plan Act of 2021

On Wednesday, March 10, 2021, Congress approved the American Rescue Plan Act of 2021 and it was signed into law on March 11th, but what does that mean for COBRA coverage and Dependent Care FSAs? We’ve gathered some key points to help break it down. COBRA Continuation Coverage Subsidizes 100% of premiums for eligible state…
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