Spencer’s Benefits NetNews – March 27, 2020

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Featured This Week

New Reports

  • Analysis: IRAs, 3/20 (105.1.-1)

    (Read Cheetah) »

  • Analysis: Suspension of trading under 401k plan, 3/20 (231.-1)

    (Read Cheetah) »

  • Analysis: Civil monetary penalties, 3/20 (602.1.-9)

    (Read Cheetah) »

  • Analysis: MEWAs, 3/20 (606.1.-1)

    (Read Cheetah) »

  • News

    Large employers broaden support for employees during COVID-19 outbreak

    Large employers are implementing a series of broad-reaching policies to support employees and their families as the outbreak of COVID-19 spreads throughout the country, according to recent research from the Business Group on Health. The survey of 95 large employers, The Large Employer Response to Coronavirus (COVID-19) Survey, Part II, found some of the initiatives include ensuring employees are paid during the pandemic, adding more flexibility to their health benefit plans, and expanding flexibility for working from home.

            (Read Cheetah) »

    Ohio issues guidance on health insurance, allows employers grace period for premiums during state of emergency

    The Ohio Department of Insurance has issued guidance in Bulletin 2020-03 that sets forth several requirements for health insurance companies in light of Ohio’s state-of-emergency declaration due to the COVID-19 virus.

            (Read Cheetah) »

    Labor Department maps out Families First Coronavirus Response Act rights and obligations

    The Department of Labor has added to its collection of guidance documents about the COVID-19 outbreak (and other public health emergencies) and also announced, in conjunction with the Internal Revenue Service, that small and midsize employers can start to take advantage of two new refundable payroll tax credits that are designed to immediately and fully reimburse them for the cost of providing leave to their employees pursuant to the Families First Coronavirus Response Act (FFCRA), H.R. 6201, signed by President Trump on March 18, 2020.

            (Read Cheetah) »

    Families First Coronavirus Response Act signed into law

    The bipartisan effort to provide much-needed relief for both employers and employees alike to deal with the COVID-19 crisis has been signed by President Trump. Note that the FMLA amendments only provide for public emergency leave to care for a child when the child’s school or place of care has been closed.

            (Read Cheetah) »

    Mercer releases four steps leadership should take to cope with Coronavirus

    Over the past two months, the novel coronavirus (COVID-19) has spread rapidly around the globe. Recently, the World Health Organization characterized the virus as a pandemic. For most organizations, this outbreak is raising questions and concerns. Based on research from various fields, including workplace wellness and organizational leadership, here are four steps to consider to help employees during a global health crisis.

            (Read Cheetah) »