Compliance Corner – June 10, 2021
By Mark Bailey, Jr.
Published June 10, 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
June’s Get Wise Wednesday Webinar – Benefits Compliance: 2021 Mid-year Check-in
As we approach the mid-way point of 2021, join us as we discuss compliance matters year to date. We will highlight benefits compliance hot-topics with a preview of what may be on the horizon. Our discussion will include the American Rescue Plan Act of 2021 (ARPA), including COBRA premium assistance best practices and practical application, an update on the status of the ACA and California v. Texas, any new guidance stemming from the Consolidated Appropriations Act of 2021 (CAA) provisions, and more.
June 16, 2021
2:00 to 3:00 p.m. CT (3:00 to 4:00 p.m. ET)
Reminder: Form 5500 Filing for Calendar Year Plans Due July 31
Reminder: PCOR Fee, Form 720 Filing Due July 31
Frequently Asked Question
What is a “minimum essential coverage” (MEC) plan? Can an applicable large employer offer an MEC plan to comply with the employer mandate?
COVID-19
COVID-19-Related Benefits Compliance Resources Available »
Healthcare Reform
Agencies Issue FAQs Concerning 2022 Out-of-Pocket Limits »
IRS Releases 2021 Draft Versions of 6055 and 6056 Informational Reporting Forms »
Federal Health
IRS Letter Addresses Deductibility of In Vitro Fertilization Expenses »
EEOC Adds New FAQs Regarding COVID-19 Vaccinations »
Retirement Updates
IRS Updates Operational Compliance List for 2021 and 2022 »
State Updates
Mark Bailey, Jr. is the Senior Marketing Manager of NFP's Atlantic region. Before joining the company, Mark was a production assistant on the tv show Glee and an on-air talent on 95.1 WAPE. He has over 10 years of experience in the insurance and corporate benefits space. Mark is an avid Jacksonville Jaguars fan and loves to spend his free time building custom mechanical keyboards.
