Compliance Corner – May 13, 2021
By The Bailey Group Marketing
Published May 13, 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
Do individuals covered only under state healthcare continuation qualify for the ARPA premium assistance or a special election period?
COVID-19
COVID-19-Related Benefits Compliance Resources Available »
IRS Provides Guidance on Relief from Penalty for Failure to Deposit Employment Taxes »
Healthcare Reform
HHS Will Enforce Section 1557 in Accordance with Bostock Decision »
CMS Issues 2022 Notice of Benefit and Payment Parameters »
Federal Health
DOL Withdraws Independent Contractor Rule »
CRS Provides Comparison of Tax-Advantaged Accounts for Health Care Expenses »
IRS Announces 2022 HSA, HDHP and HRA Limits »
Retirement Updates
IRS Provides Q&A on Partial Plan Termination Relief »
