New IRS Guidance on COBRA Premium Subsidy View the IRS News Release View the IRS Notice 2021-31 On May 18, 2021, the IRS released Notice 2021-31 that provides guidance on the COBRA premium subsidy that is available under the American Rescue Plan Act of 2021 (ARPA). ARPA provides a temporary 100% subsidy on COBRA premiums […]
View the IRS News Release View the IRS Notice 2021-26 CAA: Carryover/Grace Period Provisions are Non-Taxable On May 10, 2021, the IRS released Notice 2021-26 on the taxation of dependent care benefits available pursuant to an Extended Grace Period or Carryover provision under a Section 125 Plan. The IRS explained in this Notice that Dependent Care FSA (DCFSA) balances […]
Yesterday, the IRS issued Notice 2021-31, which provides guidance needed to implement the temporary COBRA subsidy provisions included in the recently enacted $1.9 trillion COVID relief/stimulus package. The American Rescue Plan contained a 100% federal subsidy to reduce employer sponsored health care premiums for workers eligible for COBRA – due to an involuntary termination of […]
DATE: Tue, Jun 22, 2021 TIME: 2:00 pm EDT to 3:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. In today’s world, diversity, equity, and inclusion (“DEI”) programs are not […]
BASIC would like to inform you of an important change to our process for handling EDI file errors. Beginning May 12th, 2021, any EDI records included on COBRA and CDA files which contain errors will be deleted. You will receive a notification from BASIC of any unprocessed (deleted) records, including the file date and the […]
President Biden’s American Family Plan would offer 12 weeks of paid family leave for Americans for several reasons, up to $4,000 a month and up to 80% of regular wages for the lowest-earning workers. Examples of qualifying reasons for leave include caring for a sick family member or themselves, caring for a new child, or […]
DATE: Thu, May 27, 2021 TIME: 2:00 pm EDT to 2:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. BASIC’s Regional Director Melinda Bass will cover the benefits of BASIC […]
