IRS Extends Relief for Certain Required Minimum Distributions On April 16, 2024, the IRS issued Notice 2024-35, which extends the relief that the IRS has twice previously granted plan sponsors with respect to certain “specified” (see below) required minimum distributions (RMDs) taken from… Read more
OCR/HHS’s Annual HIPAA Privacy, Security, and Breach Notification Report Group health plan sponsors should take note of the most recent annual report submitted by HHS and OCR on HIPAA and Breach Notification Rule Compliance. Congressional reporting to Congress from agencies can be incredibly helpful… Read more
Fixed Indemnity Policy Notice Requirements The Departments of Labor, Treasury and Health and Human Services (the Departments) have issued a new rule that requires health plans and insurers to provide employees with a notice in connection with employer-sponsored fixed indemnity… Read more
Contraceptive Coverage Guidance Expanded The Departments of Labor, HHS and Treasury (the Departments) have issued new guidance on the ACA’s requirement that non-grandfathered health plans cover contraceptive care and services, without cost-sharing [1]. The Departments note that they have… Read more
Cybersecurity and the HIPAA Security Rule The NIST[1] and the OCR[2] has published its final version of guidance to increase cybersecurity and compliance with the HIPAA Security Rule. The new guidance gives tailored direction to covered entities to improve cybersecurity risk… Read more
Annual HIPAA Review for Cybersecurity The best defense is a good defense! You hear about cybersecurity all the time, and shoring up your defenses and reviewing HIPAA materials on an annual basis is key. Here is a list of materials… Read more
DOL Guidance: Pension-Linked Emergency Savings Accounts (PLESAs) We previously reported that the IRS has also released guidance on Pension-Linked Emergency Savings Accoungs (PLESAs). See this blog for more information, along with a general description of PLESAs. On January 17, 2024, the U.S…. Read more
IRS Guidance: Pension-Linked Emergency Savings Accounts (PLESA) On January 12, 2024, the IRS issued Notice 2024-22, initial guidance on emergency savings accounts linked to 401(k) plans under the SECURE 2.0 Act. The new provisions, effective for plan years beginning after December 31,… Read more
SECURE 2.0 Guidance Addresses Designated Roth Contributions This is the second of two blogs on IRS Notice 2024-2. (Check out the first blog here!)This notice provided welcome guidance on a select number of provisions affecting 401(k) plans under the SECURE 2.0 Act… Read more
