We have received confirmation from the Hudson-Mohawk Road Runners Club that the CDPHP Workforce Team Challenge is officially postponed. It is their hope that it can be re-scheduled to September (before or after the Boston Marathon), and are currently waiting for confirmation from the City of Albany. The CDPHP® Workforce Team Challenge 3.5-mile race/walk was…
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IRS Confirms 2019 HSA Contribution Deadline of July 15, 2020
For individuals who had a Health Savings Account in 2019, The IRS has just confirmed 2019 HSA Contributions may be accepted up to the filing deadline of July 15, 2020. The delay was granted in a Q&A released on March 24, 2020. The guidance was issued as a follow up to IRS Notice 2020-18. This change will allow the…
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Message from JFA regarding the Coronavirus
To all of our valued clients and business partners, The health and safety of our employees, clients and friends is of utmost importance to us here at JFA. As such, we wanted to let you know how we are fully operational as we work through continued guidance from authorities related to the coronavirus (COVID-19). Several…
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Coronavirus Bill Requiring Paid Employee Leave Signed Into Law
On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (the Act) into law. The Act requires employers to provide paid leave for some employees related to the coronavirus (COVID-19) pandemic, among other measures. The Act takes effect no later than 15 days after it is signed by the president. Emergency Paid…
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IRS Allows HDHPs to Cover Coronavirus Costs
On March 11, 2020, the Internal Revenue Service (IRS) issued Notice 2020-15 to advise that high deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19) testing and treatment before plan deductibles have been met, without jeopardizing their status. According to the IRS, this also means that individuals with HDHPs that cover these costs…
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Coronavirus Disease 2019 (COVID-19): Interim Guidance for Businesses and Employers to Plan and Respond
As the coronavirus disease 2019 (COVID-19) continues to spread, we want to ensure you have access to resources to help you manage this evolving situation. We know that it can be a challenge to figure out how to plan for a situation such as this within your business and how to best to advise and…
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NLRB Issues New Joint-employer Final Rule
On Feb. 25, 2020, the National Labor Relations Board (NLRB) announced a new joint-employer final rule, which becomes effective Apr. 27, 2020 and applies to labor issues related to the National Labor Relations Act. The New NLRB Joint-Employer Standard The NLRB is changing the standard it uses to determine whether employers are considered joint employers….
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Tom Flynn Wins Third Age Achievement Award
On February 3, 2020 LifePath (formerly Senior Services of Albany) along with their presenting sponsor CDPHP announced that JFA’s President and CEO Tom Flynn has won one of their prestigious Third Age Achievement Awards! This is their 24th year honoring individuals in the Capital Region who have exemplified aging well, and who are making a significant…
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Compliance Bulletin: Medicare Part D Disclosures Deadline
Medicare Part D Disclosures are due by February 29, 2020 for Calendar Year Plans Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual basis and at other select times, indicating whether the plan’s prescription drug coverage is creditable or non-creditable….
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New Wellness Rules Indicated for 2020
The Equal Employment Opportunity Commission (EEOC) has indicated that it plans to issue new proposed rules on permissible wellness incentives under the Americans with Disabilities Act (ADA) in 2020. These proposed rules are expected to provide guidance to employers on the incentive limits for wellness plans that ask for health information or include medical exams….
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ACA Compliance Bulletin: Cadillac Tax and Other Key ACA Taxes Repealed
On Dec. 20, 2019, President Trump signed into law a spending bill that prevents a government shutdown and repeals the following three taxes and fees under the Affordable Care Act (ACA): The Cadillac tax on high-cost group health coverage, beginning in 2020; The medical devices excise tax, beginning in 2020; and The health insurance providers…
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2020 Employee Benefit Plan Limits
Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS, including the following: High deductible health plans (HDHPs) and health savings accounts (HSAs) Health flexible spending accounts (FSAs) 401(k) plans, and Transportation fringe benefit plans. For 2020, there will be an increased limit in HSA contributions for…
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