05/06/2020
Final regulations and a separate disaster relief notice from the Department of Labor set up an outbreak period—running from March 1, 2020, until 60 days after the announced end of the coronavirus national emergency—that plans must ignore for purposes of employees’ health plan elections and 401(k) plans’ responsibility to provide notices to participants.
05/05/2020
COVID-19 could reduce employer health care costs by as much as 4% in 2020, as medical care for noninfected patients has declined during the pandemic, according to a Willis Towers Watson analysis of large, self-funded employers, released May 1.