As businesses are increasingly focused on reopening and rebuilding, it’s important to stay on top of regulatory and legislative matters to ensure continued compliance. This update covers issues involving Cybersecurity, Emergency Paid Leave, 2022 Cost of Living Adjustments, and more. 

Cybersecurity is an ERISA Fiduciary Duty | Learn More

Emergency Paid Leave Employer Tax Credit: New IRS Guidance| Learn More

The tax credit is a credit against the employer’s share of the Medicare tax. Employers can also request an expedited balance refund advance.

DOL Releases 2021 Model ChIP Notice | Learn More

Individuals may be eligible for State Medicaid or Children’s Health Insurance Program (CHIP) premium assistance. Employers may face a penalty for failure to provide this annual notice.

Blue Cross Blue Shield Association (BCBSA) Settles Antitrust Litigation | Learn More

Employers and individuals who purchased or were enrolled in a BCBSA insurance or administrative services plan must file a claim form by November 5 to participate in the proposed settlement. 

New Mexico enacts the Healthy Workplaces Act | Learn More

Beginning July 1, 2022, private employers must provide up to 64 hours of paid sick leave to their employees.

Vaccine Retaliation Prohibited, Says Chicago | Learn More

Effective April 21, 2021, Chicago employers cannot retaliate against workers getting the COVID-19 vaccine during working hours, or require workers to get the vaccine during non-working hours.

2022 Cost of Living Adjustments (COLA) for HSAs and EB-HRAs | Learn More

The IRS has released Rev. Proc. 2021-25, with inflation adjusted amounts for health savings accounts (HSAs) and excepted benefit health reimbursement arrangements (EB-HRAs).