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COVID-19 News

  • Update on LBS COVID-19 Tolling Periods Administration

    Update on LBS COVID-19 Tolling Periods Administration: On April 28, 2020, the Departments of Labor and Treasury jointly announced regulatory changes due to the impact of the COVID-19 (Coronavirus) pandemic. These regulations were meant to provide relief for members and plan administrators and ensure access to active health benefits despite any hardship in paying monthly COBRA premiums. Further clarification of the regulation was announced early in 2021. You can review out communications related… Read More

  • IRS Notice 2021-31: Premium Assistance for COBRA Benefits

    On May 18, 2021, the IRS released additional guidance for the COBRA Premium Assistance (Subsidy) under the American Rescue Plan.  The guidance included additional clarification around eligibility requirements, employer tax credits and Federal and State continuation provisions.… Read More

  • IRS Allows for Reimbursement of PPE from Health FSAs, HRAs and HSAs

    On Friday March 26, 2021 the IRS announced that personal protective equipment (PPE) that is purchased for the primary purpose of preventing the spread of COVID-19 is now treated as an eligible medical expense under Section 213(d) of the IRS code. PPE includes masks, hand sanitizer and sanitizing wipes.… Read More

  • Mini-COBRA Timeframe Extension Information

    The recent Department of Labor (DOL) regulation requiring COBRA timeframe extensions DOES NOT apply to mini-COBRA groups. COBRA regulations state that an employer qualifies as mini-COBRA if they employ fewer than 20 employees on at least 50 percent of the employer’s “typical business days” in the prior year.… Read More

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