The Internal Revenue Service (IRS) has issued Notice 2021-31 which provides guidance for multiemployer plans and plan administrators regarding the new credit available to them for providing continuation health coverage to certain individuals under COBRA. We summarized the COBRA changes under American […]
Benefits practitioners have grown accustomed to headlines addressing the escalating costs of prescription drug spending. Despite concerted efforts, the cost of commonly prescribed brand-name drugs continues to grow at alarming rates. A recent study from the University of Pittsburgh stated that over […]
Increasing numbers of people are identifying as LGBTQ+, particularly among younger generations now entering workplaces, but their needs are often underserved in the design and administration of benefit plans. Employers and plan sponsors that proactively make their plans more inclusive—from enrollment forms […]
How has the COVID-19 pandemic impacted employee benefits? The International Foundation has been tracking implications for workplaces across the country, providing a snapshot of the difficult decisions employers and their workers are making regarding their retirement and health care benefits. The latest […]
Canadian employers know that their employees value benefit plans. Employer-sponsored plans often provide additional benefit coverage to employees beyond the basic medical treatment covered under the universal health care system. Every employer’s benefit plan may be different—some include mandatory benefit programs that […]
