The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020. It is a massive bill of over 880 pages intended to help Americans during the COVID-19 (coronavirus) pandemic. It includes a number of provisions that affect your employee benefits plans. We’ve outlined a few of the highlights below. Participants…
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We would like to continue to pass along useful information to you as it relates to the Families First Coronavirus Relief Act. The regulations that are coming out continue to evolve at a furious pace. Department of Labor (DOL) Updates First, the Department of Labor (DOL) has issued a few items in the last 72…
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The Internal Revenue Service published a series of questions and answers relating to the delay of the tax filing deadline from April 15, 2020 to July 15, 2020 as provided in IRS Notice 2020-18. With regard to contributions to an HSA, the IRS stated the following: “Contributions may be made to your HSA or Archer…
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Based on the executive order issued by Governor Whitmer on Monday, March 25, 2020 there are specifications and considerations for your Company. Some of these considerations have already been discussed in the last few weeks and will require the continued implementation of these practices and processes. Please review the following for further consideration: Michigan State Mandated Stay-at-Home As a…
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In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Family First Coronavirus Response Act (Act) on March 18, 2020. The Act is an economic stimulus plan that affects coverage and cost sharing for COVID-19 testing and provides expanded federal family and medical leave and a new federal paid sick leave law.…
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In this time of uncertainty and understandable concern about the spread of the Coronavirus (COVID-19), we want to assure you that we have a continuity plan in place to continue to serve our clients. We are committed to continuing our service for our clients while ensuring the safety and health of our team. As the…
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In response to the spread of the 2019 Novel Coronavirus (COVID-19), on March 11, 2020, the IRS released a notice regarding HSA-qualified high deductible health plan (HDHP) coverage of testing and treatment related to COVID-19. This is to allow the removal of barriers for testing and treatment of COVID-19. Enrollment in a qualifying high-deductible health…
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As you have seen in the recent news, the novel Coronavirus (COVID-19) is anticipated to be highly disruptive to the American economy in the near future. It’s no longer a matter of if, but when. The only question remaining is to what extent this disruption will occur. The CDC published guidance on this very issue.…
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The HRPro/BenePro team held it’s annual Bowl Off on March 8th, 2019 to blow off some steam after a busy and hectic fourth quarter. BenePro once again won the BenePro vs. HRPro battle with total averages of 120 for BenePro and 113 for HRPro. Kris tied with Anthony for top score for the men, and…
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We had a great time at Red Run celebrating our Pro Group Christmas Party. With a wonderful array of appetizers, delicious dinner and a fun white elephant exchange we all had a great time! Even the talking hamster had fun!
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