Medcom Blog

COVID and Employee Benefits: From Beginning to Now

COVID and Employee Benefits: From Beginning to Now

In February, President Biden further extended the National Emergency declaration, which is ongoing today. We are, however, beginning to see the light at the end of the tunnel as vaccinations increase. It’s been a long, tiresome road, and we wanted to recap on a few of the changes that came about due to the pandemic.

We put together a timeline of events describing how COVID has affected the employee benefits industry.

March 18, 2020: Families First Coronavirus Response Act

The FFCRA requires all employers with less than 500 employees and public employers,...

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IRS Notice 2021-31

IRS Notice 2021-31

On May 18, 2021, the IRS issued Notice 2021-31. The notice provides guidance on tax breaks under the 2021 American Rescue Plan Act (ARPA) for continuation health coverage under COBRA.

We realize it’s a bit overwhelming, but our senior legal counsel, Michelle Barki, summarized the main points covered in the 41-page document. So don’t be scared; we are here to help!

Notice 2021-31 Main Points:

1. Employers may require attestations to AEI status.

Any proof of eligibility records should be kept. 

2. Involuntary Termination, like ARRA, is broadly interpreted based on facts and...

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Part 2: Your Questions about COBRA and The Outbreak Period

Part 2: Your Questions about COBRA and The Outbreak Period

On Tuesday’s ARPA & The Outbreak Period webinar, our Senior Lead Counsel, Michelle Barki continued answering your questions on dependent care, notices, subsidies, and more. We have outlined the questions and answers from this webinar for you below in case you missed it.

Dependent Care Questions & Answers

If I have a DCA plan that runs on a plan year and renewed 8/1/2020, can they allow their employees to increase their current elections 1/1/2021?

Yes, the DCAP Rule says they can go back to 1/1/21, and when the IRS looks at DCAP, they are...

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Part 1: Your Questions about COBRA and The Outbreak Period

Part 1: Your Questions about COBRA and The Outbreak Period

Over the past few weeks, we have received many questions regarding the ongoing Outbreak Period and the newly signed American Rescue Plan Act. Our senior Legal Counsel, Michelle Barki, took the time to answer them all for you. This morning during our webinar, we answered general questions, subsidy-related questions, and voluntary versus involuntary termination questions. Next Tuesday, for Part 2, we will discuss Depended Care and Notices. In case you missed it, here are the questions and answers:

General Questions and Answers

Will COBRA members be able to have a coverage gap?

There is a special...

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