October 6, 2020: BAN Legal Alert concerning IRS Extending 2020 ACA Reporting Deadline

Please find below a link to BAN’s Legal Alert on Notice 2020-76, which extends the deadline to provide 2020 Forms 1095-B and 1095-C to employees from January 31, 2021 to March 2, 2021. The deadline for sending the forms to the IRS is March 1, 2021 (March 31, 2021 if filed electronically). As in past years, the IRS has also extended transition relief for errors made in good faith; however, 2020 will be the final year the IRS will provide good-faith transition relief. This alert is of interest to Applicable Large Employers (employers with 50 or more full-time equivalent employees) […]

September 16, 2020: BAN Legal Alert Department of Labor Issues Updated FFCRA Regulations In Light Of Recent Federal Court Decision

Please find below a link to our Legal Alert on the Department of Labor’s updates to regulations on the emergency paid sick leave and expanded FMLA provisions of the FFCRA. The new rule is scheduled to be published on September 16, 2020, and will be effective immediately through the expiration of the FFCRA’s paid leave provisions on December 31, 2020. The rule updates FFCRA regulations issued in April 2020 in response to a recent federal District Court decision which found four portions of the initial regulations invalid: provisions related to whether the FFCRA applies if employers do not have work […]

August 12, 2020: Talking to Your Child About Returning to School

With the start of the school year right around the corner, it is important to put measures into place to keep your child healthy, educated, and socialized – no matter what your plan moving into the school year may be. Although there are a number of unknowns and quickly changing regulations, having conversations with your child about COVID-19, school, and safety can help them feel empowered as they step into their new normal routine. Below are a few tips for talking to your child about the upcoming school year. TEACH & REINFORCE EVERYDAY PREVENTIVE ACTIONS Parents and caretakers play an […]

August 4, 2020: Legal Alert- President’s Executive Orders Intending to Lower Drug Costs

Please find below a link to a BAN Legal Alert on several recent Executive Orders issued by President Trump intending to lower the cost of prescription drugs by (1) modifying anti-kickback laws to lower drug prices, (2) reducing trade barriers to increase importation of drugs and lower prices, and (3) improving access to insulin and epinephrine for individuals with diabetes or severe allergies.This alert is of interest to all employers. Click Here to Read Legal Alert

July 29, 2020: BAN Legal Alert- IRS Issues Affordability Percentage Adjustment for 2021

Please find below a link to BAN’s Legal Alert on Rev. Proc. 2020-36, which contains the inflation adjusted amounts for 2021 used to determine whether employer-sponsored coverage is “affordable” for purposes of the ACA’s employer mandate and premium tax credit program. For plan years beginning in 2021, the affordability percentage for employer mandate purposes is indexed to 9.83%, a slight increase from 9.78% in 2020. This alert is of interest to all applicable large employers (ALEs) – generally, those with at least 50 full-time equivalent employees. To View Legal Alert: Click Here