The Departments of Labor, Health and Human Services and Treasury (collectively, the “Departments”) jointly issued FAQ guidance regarding implementation of the health coverage provisions under the Families First Coronavirus Response Act (“FFCRA”) and the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”).

FFCRA, as amended by the CARES Act,…

In a surprising memo from the IRS Office of Chief Counsel, the IRS concluded that there is no statute of limitations period on the Employer Shared Responsibility Payments (“ESRP”) under the Affordable Care Act.  The IRS reasoned that the filing of Forms 1094-C and 1095-C (“ACA Returns”) does not start…

Public companies and their boards can look to the recently released guidance of ISS and Glass Lewis when considering best therapies to address corporate governance and broader environmental, social and governance issues.  The prominent proxy advisors address, among other things, issues affecting annual general meetings, board composition, and executive compensation. …

As we noted in our March 13, 2020 blog post, the Internal Revenue Service advised in IRS Notice 2020-15 that a high-deductible health plan (HDHP) is permitted to pay for COVID-19-related testing and treatment, without jeopardizing its status as an HDHP.

The Coronavirus Aid, Relief and Economic Security Act…

The Coronavirus Aid, Relief and Economic Security Act (CARES Act), which was signed into law by President Trump on March 27, 2020, authorizes more than $2 trillion of economic relief for individuals, businesses and industries impacted by the COVID-19 pandemic.

Buried in the CARES Act is a provision allowing employees…

This article provides practical guidance regarding how employers should address eligibility and coverage issues under their group health plans resulting from the coronavirus (also known as COVID-19).  For more information on legal issues relating to the coronavirus, see Coronavirus (COVID-19) Resource Site.

To avoid drastic options like mass layoffs…

In a matter of a few weeks, the COVID-19 pandemic has caused drastic changes to our businesses and personal lives. The effects are already substantial, from those personally affected by illness and shelter-in-place orders to companies seeing sharp declines in business activity. Although your to-do list may be long, we…

On March 13, 2020, President Trump declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the “Stafford Act”) in response to the Coronavirus Disease 19, or COVID-19.  This declaration allows employers to make qualified disaster relief payments to employees affected by COVID-19 on a…

Summary

To facilitate the nation’s response to the 2019 Novel Coronavirus (COVID-19), also known as the Coronavirus, the Internal Revenue Service advised in IRS Notice 2020-15 that a high-deductible health plan (HDHP), until further notice, is permitted to pay for COVID-19-related testing and treatment, without jeopardizing its status as an…