Resecō Inform

The Affordable Care Act (ACA) has made a number of significant changes to group health plans since the law was enacted in 2010. Since that time, a number of changes have been made to various ACA requirements that employers and plan sponsors should be aware of. It is important for employers to periodically review their benefit plans in order to maintain compliance with these various requirements.

Changes to some ACA requirements take effect in 2021 for employers sponsoring group health plans, such as increased dollar limits. To prepare for 2021, employers should review these upcoming requirements and develop a compliance strategy. This ACA Overview provides an ACA compliance checklist for 2021. Please contact Reseco Group for assistance or if you have questions about changes that were required in previous years.

Legal Update HeaderThe Internal Revenue Service (IRS) has released Notice 2020-79, containing cost-of-living adjustments for 2021 that affect amounts employees can contribute to 401(k) plans and IRAs, most of which remain unchanged.

Key limits that remain unchanged include the following:
  • The employee contribution limit for 401(k) plans will remain $19,500. The catch-up contribution limit for employees aged 50 and over also remains unchanged at $6,500.
  • The employee contribution limit for IRAs will remain $6,000. The catch-up contribution limit for employees aged 50 and over also remains unchanged, at $1,000.
  • The employee contribution limit for SIMPLE IRAs and SIMPLE 401(k) plans will remain $13,500.
  • The limits used to define a “highly compensated employee” and a “key employee” will remain $130,000 and $185,000, respectively.

Trends at a glance header

One In 10 People In The United States Will Get The Flu In A Given Season, According To Estimates From The Centers For Disease Control And Prevention (CDC).

And while viruses can live year-round, flu activity tends to rise in October and then peak between December and February. With COVID-19 a factor this year, it’s even more important to take precautions to prevent the flu from spreading.

HR Insights Blog HeaderThe Time We’re Living In Now Is Not Like Any Other Period From Recent Memory. Between The COVID-19 Pandemic, Global Economic Downturns And Lingering Job Shortages, It’s Safe To Say That We’re All Charting Unknown Waters.

It can seem like entire processes and workflows have gone out the window— sacrificed for the sake of staying afloat. And performance reviews are among the greatest casualties.

Alternative Fuels Are Being Used More Today To Fuel Commercial Fleets. Compared To Using Other Types Of Fuel, Using Alternative Fuels Such As Compressed Natural Gas (CNG) And Liquified Natural Gas (LNG) Has Great Benefits For Employers. Some Of These Benefits Include Fewer Emissions, Reduced Operating Costs And Price Stability.

While working with and handling natural gas is not new, many employees have never had to fuel vehicles with it. Accordingly, there are safety measures to take note of and train your employees on.

On Oct. 2, 2020, The U.S. Occupational Safety And Health Administration (OSHA) Issued Temporary Guidance For Compliance Safety And Health Officers (CHSOs), Easing Enforcement Of Fit-Testing Requirements Under The Respiratory Protection Standard For The Use Of Tight-Fitting Powered Air Purifying Respirators (PAPRs).

This enforcement guidance is significant because it applies to the shortage of N95 filtering face piece respirators (FFRs) and fit-testing supplies caused by the current COVID-19 pandemic. OSHA is currently allowing employers to use PAPRs approved for protection by the National Institute for Occupational Safety and Health (NIOSH) when N95 respirators are not available.

Legal Update HeaderOn Sept. 22, 2020, The U.S. Department Of Transportation (DOT) Extended Its COVID-19 Drug And Alcohol Testing Guidance To Dec. 31, 2020. The Extended Guidance Allows Substance Abuse Professionals (SAPs) To Perform Remote Assessments And Evaluations And Lengthens The Requalification Timeline For Service Agents Through The End Of The Year.

This guidance provides SAPs and other service agents with the flexibility they need to help employers comply with existing DOT drug and alcohol regulations during the COVID-19 pandemic.

News Brief headerOn Monday, Oct. 18, 2020, The Centers For Disease Control And Prevention (CDC) Officially Encouraged Passengers To Wear Masks While On Public Transportation. This Guidance Comes More Than Seven Months Into The COVID-19 Pandemic, And Many States And Transportation Providers—Especially Airlines—Already Enforce Mask Requirements.

The CDC’s announcement is nowhere near a nationwide mask mandate; it is merely a “strong recommendation.” However, the CDC’s position may strengthen the efforts of transportation providers and state officials who have already been requiring masks while on public transit.