Proper Use of Premium Credits In light of the current pandemic, some carriers are offering premium credits attributable to a portion of the premiums paid in months where COVID-19 limited the benefit available to participants. While this is good news, the availability of such premium credits creates fiduciary issues with respect to plan assets under ERISA. This summary is intended to highlight possible issues and mitigate potential ERISA fiduciary exposure. Click the link below to download this important notice Proper Use of Premium Credits – 051820R
Continue ReadingEmployer Compliance Notice! The “Emergency Family and Medical Leave Expansion Act,” & “Emergency Paid Sick Leave Act.” will affect your business!
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Continue ReadingYour Employee Work from Home Guide
In an age when more and more positions require duties to be carried out almost exclusively on
computers, and where the internet can instantly connect anyone anywhere, many employers, including ,
are offering the option of telecommuting. Telecommuting allows employees to work from home or
another alternate location and communicate with their employers electronically.
Independence Blue Cross: Employee Eligibility Exception for laid off employees
Employee Eligibility Exception for furloughed or temporarily laid off employees. As a result of the COVID‑19 outbreak, Independence will honor employer requests to continue coverage for employees furloughed or temporarily laid off as a result of impacts of COVID‑19. This exception applies to fully insured and self-funded business, and is contingent upon the following: Full premium payments continue to be made by the employer.Self‑funded employers must continue to remit invoiced amounts in full. The employer is responsible for collecting employee contributions, if applicable. No reductions to employer contributions will be allowed. Only actively at‑work employees can be added to the plan as new enrollees. Our preferred Stop Loss partner, HM Insurance Group (HMIG) HMIG will honor… Read More
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