Photo of Stephanie B. Vasconcellos

Acknowledging the widespread impact of the COVID-19 pandemic, the US IRS and Treasury Department have issued notices granting much-sought flexibility for health and dependent care flexible spending accounts and health plans.  The relief includes permission for plan sponsors to amend their Section 125 cafeteria plans to allow employees to make prospective changes to their elections,

Over the last week, the Department of Labor, together with the Treasury Department, released several key pieces of guidance temporarily relieving deadlines for participants and beneficiaries in health, disability, other welfare and pension plans, and liberalizing enforcement policies and deadlines applicable to plans and plan sponsors.  The guidance is likely to be welcome relief for

In the third and final of a series, our employment and benefits teams take an in depth look at the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) affecting employment, compensation, payroll taxes and paid leave. For a description of changes affecting health and welfare plans, see here, and for a description of changes affecting retirement plans, see here.

Continue Reading CARES ACT – Employment, Compensation, Payroll Tax and Paid Leave Provisions

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act was enacted into law. The CARES Act is a $2 trillion stimulus package designed to help bolster the economy overall by providing aid to workers and businesses impacted by COVID-19 and to provide further support to the country’s health systems. This blog post is intended to give businesses a high level understanding of some of the key provisions of the CARES Act that may impact employers.

Continue Reading The CARES Act-Compensation and Benefits Related Provisions

In a significant US legislative response to the COVID-19 pandemic, the Families First Coronavirus Response Act, signed into federal law on March 18, includes a broad requirement that group health plans and health insurance issuers provide coverage for COVID-19 testing without cost sharing, prior authorization or other medical management requirements. Read more about this legislative