IRS releases updated PCORI fees for plan years ending after October 1, 2019
On June 8, 2020, the IRS issued Notice 2020-44 announcing the revised PCORI fee amount for plan years ending between October 1, 2019 and before October 1, 2020. For affected plans within this timeframe, the new “applicable dollar amount” used to calculate the PCORI fee is $2.54. Notice 2020-44 states: “The applicable dollar amount that […]
Read MoreDifference Card Poised for Growth with Announcement of New Executive Team
FOR IMMEDIATE RELEASE June 10, 2020 EB Employee Solutions, LLC The Difference Card 245 Main Street | Suite 605 White Plains, NY 10601 888.343.2110 Difference Card Poised for Growth with Announcement of New Executive Team The Difference Card promotes top talent to key positions in executive leadership restructuring. White Plains, NY – EB Employee Solutions, LLC, […]
Read MoreMay 22 COVID-19 Update: A message from our CEO
Hello team- I hope you’ve had a productive and healthy week. I am happy to report that the business remains strong and retention continues to remain at an all time high. Many of you are wondering when our offices will re-open. We are monitoring developments in various states and will follow local guidance for re-opening. […]
Read MoreCOVID-19 Relief and Guidance for Employee Benefit Plans: Understanding Extended Deadlines
On May 4, the Department of Labor, Treasury Department and Internal Revenue Service issued joint rulings that extend various deadlines during the COVID-19 state of emergency. According to the DOL, EBSA Disaster Relief Notice 2020-01, “extends certain time frames affecting participants’ rights to healthcare coverage, portability, and continuation of group health plan coverage under COBRA, and […]
Read MoreIRS allows mid-year changes to FSA, DCA & Cafeteria Plans for 2020
On May 12, 2020, the IRS issued guidance that allows employers to amend their plan to allow the following: Enrollment changes, including new elections and election changes, without a qualified event. Increased time to spend Flexible Spending Accounts (FSA) and Dependent Care Flexible Spending Accounts (DCA) balances for plans ending in 2020 or plans that […]
Read MoreMay 15 COVID-19 Update: A message from our CEO
Hi everyone! I trust you have had a great week and that you are staying safe and healthy! Trust me, I know it is challenging working from home day in and day out. I lose track of days and spend more time on Zoom meetings and webinars than ever! I don’t know about you but […]
Read MoreMay 1 COVID-19 Update: A message from our CEO
Hello team- We continue to monitor the affects of COVID-19 on our business. We certainly have our challenges when it comes to adapting to this new normal just like everyone else, but we are encouraged by the fact that we are progressing through this better than expected. Our attrition rate remains below normal and our […]
Read MorePCORI Fees have been extended to September 30, 2029
The signing of the Further Consolidated Appropriations Act at the close of 2019 provides an extension of the Affordable Care Act’s (ACA) Patient-Centered Outcomes Research Institute (PCORI) fees through September 20, 2029. The ACA imposes a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the PCORI. […]
Read MoreApril 24 COVID-19 Update: A message from our CEO
Hello everyone- Hope you are doing well. We continue to strategically monitor the impacts of COVID-19 to our business. Call and claims volumes are down; industry experts are forecasting these volumes will return to normal in mid-June. We are happy to report that client retention for May is higher than forecasted. We continue to monitor […]
Read MoreApril 17 COVID-19 Update: A message from our CEO
Hello team and happy Friday- We have officially been working from home since March 19- meaning we are completing our forth (or more) week of self-isolation as a company. I know that it hasn’t been easy for any of us but we, as a company, are doing a tremendous job of keeping the wheels turning […]
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