Month: October 2020
IRS Maintains Health FSA Contribution Limit for 2021, Adjusts Other Benefit Limits
On October 26, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-45, which maintains the health flexible spending account (FSA) salary reduction contribution limit from 2020, which is $2,750, for plan years beginning in 2021. Thus, for health FSAs with a carryover feature,... Find out more »
Wellbeing Resource: On-Demand Fair Recordings, Workplace Belonging and 2021 Food Trends
I hope you all had a wonderful weekend! Below please find this week’s curated list of wellbeing resources. Feel free to share these resources, as appropriate, with your team. Have a safe and healthy week!
Alera Virtual Wellbeing Fair
On-Demand Recordings – If... Find out more »
The Five Ws, and One H of Affordable Care Act (ACA) Measurement Methods
This is the ninth article in our Compliance 101 blog series where we use six questions to break down important compliance topics. Below you will learn more about the Affordable Care Act (ACA) Measurement Methods. Read more below! Download this article.
Who needs... Find out more »
Weekly Wellbeing Resources: Election Stress, Student Debt Management, & Employee Recognition
The Alera Virtual Wellbeing Fair starts today! We hope you and your employees can join us! Each day there are fitness breaks, mindfulness sessions, and a wide variety of Wellbeing breakout sessions. Key sessions and registration links are noted below. I am attaching some... Find out more »
Alera Group Acquires Gordon Atlantic Insurance Agency
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced today that it has acquired Gordon Atlantic Insurance Agency, effective October 1, 2020.
Located in Norwell, Massachusetts, Gordon Atlantic works with clients throughout the... Find out more »
Whitepaper: Changing an ERISA Plan Year
There is nothing preventing an insurance contract/policy year to be longer than 12 months, it is, however, impermissible under ERISA, ACA and the Internal Revenue Code to have the plan year longer than 12 months. Therefore, when an employer extends their insurance policy (e.g. 13-month rate... Find out more »
Alera Group Appoints John Mollica as Vice President, Business Intelligence and Transformation
Alera Group today announced that John Mollica has been appointed as Vice President, Business Intelligence and Transformation, effective October 12, 2020. Mollica will be responsible for overseeing Alera Group’s data and analytics strategy across the United States.
Mollica is an... Find out more »
Steps to Take Before Launching Your Annual Benefits Enrollment
Looking to take your virtual open enrollment to the next level? This on-demand webinar will help you create an engaging OE plan, even in the middle of a global pandemic.
Paper shuffling, bewildered looks, and frantic note-taking. It’s another open enrollment season — the annual... Find out more »
IRS Extends Deadline for Furnishing Form 1095-C to Employees, Extends Good-Faith Transition Relief for the Final Time
The Internal Revenue Service (IRS) has released Notice 2020-76, which extends the deadline for furnishing 2020 Forms 1095-B and 1095-C to individuals from January 31, 2021 to March 2, 2021. The Notice also provides penalty relief for good-faith reporting errors and suspends the requirement to... Find out more »
Wellbeing Wrap-up: Alera’s Virtual Wellbeing Fair, Breaking Burnout and Everyday Kindness
October 10th is World Mental Health Day so the Employer Resources section is chock full of webinars and resources that are available to you this week to dive deeper into supporting the Emotional Wellbeing of your teams.
On a lighter note, if you had to cancel your Wellness Fair this year,... Find out more »
