Compliance Corner – April 29, 2021
By The Bailey Group Marketing
Published April 29, 2021
Compliance Corner is a bi-weekly update with the latest news and resources on benefits compliance, federal health, healthcare reform and COVID-19. The content in Compliance Corner is produced by our parent company at NFP.
The situation and guidance surrounding the coronavirus (COVID-19) are rapidly evolving on a daily and sometimes hourly basis. While we address current federal and state guidance, we expect that there will be additional changes in the coming days and weeks. We will do our best to update you on these developments, but please understand that this publication only reflects the guidance we’ve received to date.
Employers should consult with their counsel and plan advisors to remain abreast of all compliance obligations.
Announcements and Reminders
Mental Health Parity: The Never-Ending Story [WEBINAR]
The Mental Health Parity and Addiction Equity Act (MHPAEA) has been a hot topic lately in compliance news. The Consolidated Appropriations Act of 2020 (CAA) included guidance establishing new compliance requirements for employers subject to MHPAEA. Join us as we provide an overview of the law’s requirements and discuss the CAA’s addition to MHPAEA compliance in the hopes that employers will better understand their mental health parity obligations.
Reminder: 2020 HSA Contributions and Corrections Deadline May 17
Frequently Asked Question
I heard “new” mental health parity requirements regarding non-quantitative treatment limitations (NQTLs) went into effect this year. What are NQTLs? How does a plan comply with the requirements?
COVID-19
COVID-19-Related Benefits Compliance Resources Available »
IRS Publishes Fact Sheet Regarding Tax Credits for Paid Leave Taken for COVID-19 Vaccination »
Federal Health
Eleventh Circuit Rules that Workers’ Compensation Does Not Replace FMLA Obligations »
Retirement Updates
IRS Publishes Guide on Retirement Plan Options for Tax-Exempt Employers »
IRS Releases Final Form 5310 Instructions »
DOL Issues FAQs and Additional Guidance on Fiduciary Investment Advice »
DOL Provides Guidance on Cybersecurity Best Practices »