Global Resources at Your Fingertips

Know your team is covered – no matter where they are. Mental and physical health is important no matter where you are. Given the global nature of the COVID-19 pandemic, it’s imperative to understand your international insurance options, coverages, and exclusions. These international policies and provisions are designed to protect your team worldwide in the […]

How the CARES Act Affects 401(k) Plans

The Coronavirus, Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27th, 2020. Our Retirement Services Relief Guide breakdowns how the CARES Act impacts retirement plans and your participants. The following relief guidelines outlines what distribution and withdrawal benefit options are available for 401(k) plans. The Coronavirus Related Distribution Option (CRD) […]

Disclosing PHI to Family Members Under HIPAA

Question:  When can a health plan disclose an individual’s PHI to a close family member? Short Answer: The plan can disclose PHI to a close family member only under certain conditions that depend on the individual’s capacity to make health care decisions. General Rule: Only Three Permitted Uses of PHI Without Individual HIPAA Authorization HIPAA […]

Transactional Risk, Employee Benefits, Insurance, and Human Capital Considerations Due to the Sale of Non-Core Assets

As we consider the potential sales of assets during the COVID-19 crisis, we can draw on our experiences from 2008, when many companies sold underperforming divisions or areas of their business that were deemed “non-core” in order to raise cash in the wake of the Great Recession. Having represented many private equity buyers in these […]

Group-Term Life §79 Imputed Income

Question:  What are the imputed income requirements for employer-sponsored group-term life coverage? Short Answer: Employers must include the value of group-term life coverage in excess of $50,000 in employees’ taxable income. General Rule: Imputed Income for GTL Coverage in Excess of $50,000 Internal Revenue Code §79 provides for an exclusion from income for group-term life […]

Clinical Trials and COVID-19: Challenges and Guidance

As the COVID-19 pandemic unfolds, pharmaceutical, biologic, and medical device companies conducting or planning to conduct clinical trials may be faced with challenges related to quarantines, travel limitations, site closures or access restrictions, infection transmission concerns of site research personnel and study subjects. These companies want to ensure that the trial participant’s safety and the […]

Short Plan Year Considerations

Question:  What are the main considerations to be aware of when implementing a short plan year? Short Answer: Employers should be aware of the documentation, filing, and prorated limits associated with short plan years. General Rule: Moving to a New Plan Year Always Requires a Short Plan Year The ERISA plan year and Section 125 […]

April’s San Francisco HCSO Reporting for 2019 Cancelled

No 2019 Annual Report COVID-19 has turned the world upside down.  Mayor London Breed issued a supplement dated February 25, 2020 to the Emergency Proclamation stating that the work required to compile and report the data necessary would require some employers to engage in non-essential travel to their places of business and would place further economic strain on […]

FAST List by Category (Updated Q1 2020)

Welcome to Compliance Friday Answers to the Service Team (FAST)!  Each Friday we publish our response to a question that the ABD Compliance Team received from a client or member of the EB Service Team.  These represent the most frequently asked (or interesting) questions we see. We post all of our FAST responses on the […]

COVID-19 Claims Processing Considerations

Over the past couple of weeks, the claims team has seen the impact of the coronavirus on almost all business sectors we support.  We understand a number of you are facing a substantial financial impact and are looking for ways to recoup, or at least minimize, your financial losses.   Our intent is to provide you […]