June 1, 2020: Legal Alert: IRS Releases 2021 HSA Contribution Limits, HDHP Deductible, Out-of-Pocket Limits

Please find below a link to the BAN Legal Alert on Rev. Proc. 2020-32, which adjusts the HSA/HDHP limits for 2021. We’ve also included the ACA out-of-pocket limits for 2021 and a review of how the HSA rules work with the ACA’s embedded OOP rule. This alert is of interest to employers that sponsor HSA-qualified plans or plans subject to the ACA out-of-pocket limits.  Click Here to for Legal Alert

May 6, 2020: Staying well during the COVID-19 Pandemic and Living Single

Being physically away from our friends and loved ones for an extended period of time is something most of us have never experienced before and can bring feelings of social isolation. Similarly, some of us may have loved ones who live alone, or are at high risk and not able to have visitors right now. Practicing social distancing may present barriers to meeting one’s daily physical and emotional needs. Here are tips on how to cope with living alone, and supporting loved ones living alone, during the COVID-19 pandemic. COPING STRATEGIES Stay connected with family and friends. Schedule regular video […]

May 5, 2020: Express Scripts Parachute Rx Helping the Unemployed and Uninsured Pay for Prescriptions

During the uncertainty of the COVID-19 pandemic, many maybe facing very difficult business decisions that could leave people in the workforce without health benefits. Express Scripts is responding with a new discount program to help impacted individuals who lose coverage afford their medications and maintain their health without insurance. Extra relief for Americans who are unemployed and uninsured due to COVID-19. Express Scripts is launching Express Scripts Parachute RxSM – a temporary program to help Americans who are unemployed and uninsured as a result of this pandemic obtain prescription drugs at deeply discounted prices so they can take them as prescribed and […]

May 5, 2020: BAN Legal Alert – Agencies Extend Deadline to Pay COBRA Premiums, Extend Certain Other ERISA and Internal Revenue Code Deadlines Due to COVID-19

Please find below a link to the BAN Legal Alert on guidance and relief from the DOL, IRS and HHS for employee benefit plans and participants due to the COVID-19 outbreak. Most notable is that the guidance requires employers to extend the deadline for qualified beneficiaries to elect COBRA or pay COBRA premiums.