CARES Act and Reimbursement Accounts

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… Continue reading CARES Act and Reimbursement Accounts

Families First Coronavirus Relief Act (FFCRA) Updates

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… Continue reading Families First Coronavirus Relief Act (FFCRA) Updates

IRS Extends HSA Contribution Deadline

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… Continue reading IRS Extends HSA Contribution Deadline

Layoff or Temporary Furlough Guidance

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… Continue reading Layoff or Temporary Furlough Guidance