Employers face uncertainty over the expiration of COVID-19 relief that the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) published in a joint directive on May 4, 2020. The joint directives require that employee benefit plans take or suspend certain deadlines during the “epidemic period,” which the directives define as the period …

Senator Mitt Romney’s family allowance proposal is garnering support from a variety of sources. Earlier this month, the junior Utah Senator, a Republican, unveiled a plan to send families a monthly check of $ 350 for preschoolers and $ 250 for school-aged children. As the Deseret News reported, his proposed Family Security Act would consolidate …

ICICI Lombard General Insurance has partnered with Flipkart to provide clients with Hospicash Insurance, a fixed benefit plan, known generically as the Hospital Cash Plan. Sanjeev Mantri, Executive Director of ICICI Lombard, said: “This is an affordable offering that can help clients cover their daily incidental expenses while in hospital. A number of these plans …

Thursday, February 18, 2021 A series of recent laws and IRS guidelines promise to make 2021 an active year for any employer looking to offer their employees a competitive range of benefits. My list of the “Top 5” employee benefits that an employer should introduce or improve in 2021, to improve retention and / or …

A series of recent laws and IRS guidelines promise to make 2021 an active year for any employer looking to offer their employees a competitive range of benefits. My list of the “Top 5” benefits that an employer should introduce or improve in 2021, to improve retention and / or recruitment, is presented below: Repayment …

Democrats are set to unveil a plan to issue monthly payments to families with children. Families would get a maximum of $ 3,600 per child under 6 and $ 3,000 per child 6 to 17 years old. GOP Sen. Mitt Romney released his own monthly cash benefit proposal last week. Top Democrats will release details …

In addition to the well-known provisions on business loan programs, paid vacation and individual stimulus checks, the CARES Act included certain elements related to qualified pension plans – 401 (k), 403 (b) and government 457 ( b) – such as authorizing distributions related to the coronavirus, modifying the rules relating to participant loans and minimum …

A dental office recently contacted CDA Practice Support with the following question: I do not have a direct contract in the network with a certain benefit plan, but this non-contractual plan processed a claim saying that it was entitled to a discount on the costs incurred from another benefit plan social networks with which I …

Monday, December 28, 2020 The 2021 Consolidated Finance Law (CAA), which was enacted on December 27, 2020, includes provisions to increase the transparency of employee health benefit plans in four key areas. Removal of gag clauses on price and quality information Section 201 of the CAA amends the Employees Retirement Income Security Act (ERISA), the …

RICHMOND, Virginia., December 18, 2020 / PRNewswire / – The Hilb Group, LLC (“THG”) today announced that it has acquired Caroline from the southPlan Benefit Services, Inc. (“PBSI”). The transaction became effective on December 1, 2020. Plan Benefit Services, Inc. is an independently owned and operated employee benefits consulting, management and brokerage company since 1986. …