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IRS Provides Guidance on Premium Assistance and Tax Credit for Continuation Health Coverage | Maryland Employee Benefits Agency

WASHINGTON — The Internal Revenue Service today provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). Notice 2021-31 PDF provides guidance for employers, plan administrators, and health insurers regarding the new credit available to them for providing continuation health … Continued

Data Drop: D&I Appetite, Mental Health Struggles and the Expanding Gig Economy | MD Employee Benefits Group

There are certain issues that have taken center stage in the collective conscious when talking about the workplace, the future of work and how the current workforce is faring under the current conditions. Naturally, as those things enter the collective conscious, researchers find themselves asking what exactly holds true and what can we learn from … Continued

IRS Announces HSA Limits for 2022 | MD Employee Benefits Group

On May 10, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2022. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses. To be eligible for an HSA, an employee: Must be covered by a … Continued

FAQs About Cobra Premium Assistance Under The American Rescue Plan Act of 2021 | Maryland Employee Benefits Consultants

April 07, 2021 Set out below are Frequently Asked Questions (FAQs) regarding implementation of certain provisions of the American Rescue Plan Act of 2021 (ARP), as it applies to the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly called COBRA. These FAQs have been prepared by the Department of Labor (DOL). Like previously issued FAQs … Continued

Exploring Mental Health Benefits | MD Benefits Firm

The overall well-being of an employee has never been more of a priority for employers as it is right now. From health care to vision care to mental health care, the entirety of the employee’s health is important to the health of the organization. Importance of Mental Health Benefits Mental health and the cost of … Continued

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