New IRS Guidance for Cafeteria Plans
On May 12, 2020, the IRS released Notices 2020-29 and 2020-33, which provide temporary flexibility for mid-year election changes under a Section 125 cafeteria plan and more options with…
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Regulatory and Legislative Developments on Business Interruption Claims
As we have told you in Business Bulletins in each of the last few weeks (first here, then here), regulatory pressure on insurers to pay claims outside the boundaries…
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Litigation Ramps Up on COVID-driven Business Interruption
As we have written in Business Bulletins in each of the last few weeks (first here, then here), regulatory pressure on insurers to pay claims outside the boundaries of…
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Update: Lawmakers Continue to Pressure Insurers on Business Interruption
Last week, our Business Bulletin outlined a number of ways in which the property casualty industry is being pressured by lawmakers to cover business interruption losses beyond the scope…
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Will Lawmakers Force Insurers to Cover Business Interruption?
Many policyholders whose business has been shut down or otherwise impaired were disappointed to hear that the vast majority of Commercial Business Interruption policies are not triggered to pay…
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COVID-19 Testing and Treatment Under HDHPs
It’s rare when the IRS issues helpful, timely guidance for employers. However, just today the IRS has acted on requests from stakeholders for clarification on how employer-sponsored plans should…
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Coronavirus Overview and Considerations
As concerns about the novel coronavirus (COVID-19) continue to rise, many employers are left to wondering what they can do to protect their workforce. This Business Bulletin will examine…
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Executive Session Video Featuring Dan Hilferty
In a new edition of Simkiss & Block’s Executive Session video series, our CEO, Brian Block, sits down with CEO of Independence Health Group, Daniel Hilferty. In this video,…
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Congress Votes on Permanent Repeal of Cadillac Tax and HIT Tax
Congress is considering a bill to fully repeal the Cadillac Tax and the Health Insurance Tax (HIT) in an end of year spending package that is expected to be…
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IRS Penalty Transition Relief for 2019
On 12/2/19, the IRS announced Notice 2019-63, providing penalty relief for Affordable Care Act (ACA) information reporting under IRC §6055 and §6056 for the 2019 tax year. This transition…
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