IRS Clarifies COVID-19 Relief for FSAs and DCAPs

IRS Clarifies COVID-19 Relief for FSAs and DCAPs

Author: Lipscomb and Pitts Insurance, Sarah Gillespie | Producer: Andrew Bartolotta March 8, 2021 Duration: 21:24
Recently, the IRS issued Notice 2021-15 to provide clarity to these special rules. Join us as we discuss the new accommodations and when amending your plan may make sense.

Navigating the complexities of employee benefits and healthcare compliance can feel overwhelming, but To The Point Podcast cuts through the noise with clarity and efficiency. Hosted by Sarah Gillespie, the Compliance Director at Lipscomb and Pitts Insurance, alongside a seasoned ERISA attorney, each episode delivers focused insight into the Affordable Care Act and other critical compliance landscapes. You’ll find no meandering conversations here-every discussion is deliberately concise, designed to fit into a busy professional’s day while providing actionable knowledge. The value of this podcast lies in its precision; each fifteen-minute segment tackles a specific, real-world topic, from interpreting new regulations to implementing best practices for benefits management. Whether you’re an HR manager, a business owner, or simply someone tasked with understanding these requirements, the guidance offered is both practical and authoritative. Produced by Andrew Bartolotta, the show respects your time while deepening your expertise, transforming dense legal and insurance topics into clear, digestible information you can use immediately to make informed decisions and streamline your responsibilities.
Author: Language: English Episodes: 84

To The Point Podcast
Podcast Episodes
Mid-Year Plan Changes and Qualifying Life Events [not-audio_url] [/not-audio_url]

Duration: 14:10
A Section 125 cafeteria plan allows employers to extend an opportunity to employees to purchase certain benefits on a pre-tax basis. Section 125 plan rules are governed by the IRS and pre-tax benefit elections are irrevo…
Is the Senate’s Better Care Reconciliation Act a no-go? [not-audio_url] [/not-audio_url]

Duration: 13:59
The Senate’s proposed health bill, known as the Better Care Reconciliation Act (BCRA), struggles to gain enough support to pass. Tune in to learn some of the key provisions of the bill and thoughts on its future.
Telemedicine Programs: Pitfalls to Avoid [not-audio_url] [/not-audio_url]

Duration: 7:43
Telemedicine programs are increasing in popularity, and for good reason. They offer a way to reduce employee stress associated with long doctor wait times and time out of the office, increase employer productivity for si…
Affordability Percentage Decreases for 2018 [not-audio_url] [/not-audio_url]

Duration: 2:11
Each year the IRS releases an updated index of the contribution percentages for the purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For the first time since these affordab…
PCORI Fees due July 31, 2017 [not-audio_url] [/not-audio_url]

Duration: 6:44
PCORI Fees, also known as the Patient-Centered Research Outcome Institute fees, are due July 31, 2017. While carriers will pay these fees directly for fully insured plans because they are built into the premium, self-fun…
House Republicans Pass the American Health Care Act (AHCA) [not-audio_url] [/not-audio_url]

Duration: 16:40
On May 4,2017, by a vote of 217 to 213 (with 20 Republicans voting against the bill), the U.S. House of Representatives passed an amended version of the American Health Care Act (AHCA), which repeals and replaces signifi…
Family Medical Leave Act (FMLA) [not-audio_url] [/not-audio_url]

Duration: 14:20
The Family Medical Leave Act is a federal law that applies to all employers with 50 or more employees in a 75 miles radius. Tune in to learn the qualification criteria for employees to take this leave, how premium paymen…
5500 Delinquent Filer Voluntary Compliance Program (DFVCP) [not-audio_url] [/not-audio_url]

Duration: 7:38
Forgot to file a line of coverage on your last 5500 or just realized that 5500s have never been filed for your company’s health and welfare plans? Steep penalties will apply if caught by the DOL. Listen in to learn about…
Wrap Plan Documents [not-audio_url] [/not-audio_url]

Duration: 6:39
Employers of all sizes offering health and welfare plans to employees are subject to ERISA laws with few exceptions. One of these laws requires a plan document and summary plan description per line of coverage (medical,…
So the AHCA vote didn’t happen [not-audio_url] [/not-audio_url]

Duration: 12:56
On March 24, 2017 a vote was scheduled to take place on the House floor regarding the Republican proposed American Health Care Act, but it didn’t happen. This podcast will review why not, what alternative measures may be…