Following the success of our webinar, Telescope Health and the CAA, which delved into the implications of the Consolidated Appropriations Act (CAA) for employers, it became evident that attendees departed with a host of questions. In response, this article is dedicated to addressing those inquiries, to help foster a deeper understanding of the intersections of...
As your COBRA administrator, Ameriflex is committed to helping you navigate the new rules and changes to COBRA under The American Rescue Plan Act of 2021 (ARPA). Here, you will find the latest information regarding the COBRA subsidy, including administrative updates from Ameriflex, FAQs, and next steps. COBRA Premium Subsidy Overview On March 11, 2021,…
IRS approved PPE as 213(d) The IRS issued new guidance clarifying that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, are qualified medical expenses if used for the primary purpose of preventing the spread of coronavirus. The announcement applies to expenses incurred on or after January 1, 2020. This will permit…
On March 11, 2021, President Joe Biden signed into law the American Rescue Plan Act of 2021 (ARPA). The legislation goes into effect April 1, 2021 and contains provisions for a COBRA subsidy and an increase to the annual dependent care FSA contribution limit for 2021. COBRA Premium Subsidy The ARPA includes a 100% COBRA…
In March, Congress passed the Coronavirus Aid, Relief, and Economic Secutiry Act. This page contains news, videos and Frequently Asked Questions about the CARES Act. April 6, 2020 – WASHINGTON – The CARES Act includes the Paycheck Protection Program, which guarantees loans to small businesses affected by COVID-19. Ameriflex Senior Counsel, Donna Wilkinson, explains the details in…
Keep your employees safe and financially secure when disaster strikes Under IRS Code Section 139, a Qualified Disaster Relief (QDR) account gives employers the ability to reimburse their employees for disaster-related expenses resulting from COVID-19 on a pre-tax basis. Employers may make payments to cover the increased per-employee costs such as: Personal, family, living or funeral expenses…