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News & Thought Leadership

New Jersey Expands Disability and Leave Benefits to Address COVID-19

 New Jersey  amends the NJFLA and FLI to provide job protected, paid leave to care for family members quarantined due to COVID-19. This also provides job-protected unpaid leave to care for children due to school closures.   Employer Action: Employers should review leave policies to ensure compliance with the new guidance. Download the PDF to read…

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2021 Inflation Adjusted Amounts for HSA

The IRS released the inflation adjustments for health savings accounts (HSAs) and their accompanying high deductible health plans (HDHPs) effective for calendar year 2021. Most limitations on deductions increased from 2020 amounts. Download the full article to read more!    

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New York Enacts Paid Sick Leave Beyond the Pandemic Emergency

  On April 3, 2020 Governor Cuomo signed legislation amending New York labor law (the “Act”) to create a statewide sick leave benefit, unrelated to COVID-19, that will take effect January 1, 2021. Download the full article to read how employers under 100 and over 100 employees are impacted.   

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Proper Use of Premium Credits

Some carriers are offering premium credits attributable to a portion of premiums paid when COVID-19 limited available benefits. While this is exciting, their availability may create fiduciary issues under ERISA. Read the article below to understand possible issues and mitigate fiduciary exposure.     

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Annual Out-of-Pocket Maximum Adjustments Announced for 2021

The Department of Health and Human Services published the Annual Notice of Benefit and Payment Parameters for 2021. The ruling caps out-of-pocket dollar limits for nongrandfathered group health plans and clarifies how drug manufacturer support may accrue towards the annual limitation on cost sharing.  Download the article below to learn more.       

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