CURRENT NEWS AND
REGULATORY UPDATES

Regulatory Updates

Security Flaw in Commonly Used Software Causes Technology Companies to Scramble

Dec. 13, 2021 – Technology companies have been busy addressing what security experts are calling one of the most serious software flaws in recent memory.

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Upcoming ACA Reporting Deadlines

Dec. 2, 2021 – Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2021 calendar year is due in early 2022.

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Health FSA Limit Will Increase for 2022

Nov. 17, 2021 – The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans.

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OSHA Vaccination and Testing Mandate: Summary & Legal Update

On Nov. 4, 2021, the Occupational Safety and Health Administration’s (OSHA) announced its Emergency Temporary Standard (ETS) to address mandatory COVID-19 vaccination and testing for the workplace.

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COBRA Subsidy Expiration Notice Due by Sept. 15 (Sooner for Some)

August 25, 2021 – The American Rescue Plan Act (ARPA) provides COBRA premium assistance to eligible individuals and imposes notice requirements on health plans.

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PreferredOne Joins UnitedHealthcare

August 18, 2021 – UnitedHealthcare and PreferredOne have completed an agreement to integrate their businesses, bringing together a strong, local, well-established health plan with UnitedHealthcare’s benefit, wellness and administrative strengths.

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EEOC Extends EEO-1 Deadline for 2019 and 2020 Data to Aug. 23

July 13, 2021 – The U.S. Equal Employment Opportunity Commission (EEOC) announced that employers now have until Aug. 23, 2021, to submit equal employment opportunity (EEO-1) workforce data from 2019 and 2020.

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2020 PCORI Fees Due July 31, 2021

June 11, 2021 – For those that have a medical plan with an HRA and/or are self-funded, this is a reminder your 2020 PCORI fee is due July 31, 2021.

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Cyber Liability – The Importance of Two-factor Authentication

May 27, 2021 – As cyber attacks become more and more common, protecting your data is increasingly difficult.

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Blue Cross Lawsuit Notice to Members

May 19, 2021 – Notices to those potentially affected by the Blue Cross Blue Shield (Blue Cross) antitrust lawsuit have started arriving by mail and/or email.

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IRS Issues Guidance on American Rescue Plan’s COBRA Subsidy

On May 18, 2021, the IRS issued Notice 2021-31, a guidance document on the American Rescue Plan Act (ARPA) subsidy for continuation health coverage under COBRA.

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HSA/HDHP Limits Increase for 2022

On May 10, 2021, the IRS released revenue procedure 2021-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2022.

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