The following is information regarding the changes in COBRA Coverage. To see a detailed version please click the following link. https://www.govinfo.gov/content/pkg/FR-2020-05-04/pdf/2020-09399.pdf III. Relief A. Relief for Plan Participants, Beneficiaries, Qualified Beneficiaries, and Claimants Subject to the statutory duration limitation in ERISA section 518 and Code section 7508A,[7] all group health plans, disability and […]

On May 12, 2020, the Internal Revenue Service (IRS) issued two notices that impact benefits that fall under an employer’s Section 125 Benefits. Below are some key points to know about these notices. Plan Amendments All the relief items issued in IRS Notices 2020-29 and/or 2020-33 do not have to be implemented by an employer […]

FBA is continuing to monitor the COVID-19 situation very carefully, and we have been making preparations behind the scenes to minimize any impact on business operations. Due to continuing releases and updates made by federal, state, and local agencies, we have determined that further action will be necessary.  As of March 18th, FBA’s operating hours […]

With our recent software update, Flexible Benefit Administrator Inc. (FBA), we will be moving to monthly reporting. Previously, we have provided weekly and daily reporting. This update will be in effect starting  May 1st. The main goal is to alleviate the inconvenience of viewing numerous reports, some resulting in overlapping information, by transitioning our customers […]

During the COVID-19 pandemic we understand that many of the changes that have occurred can be overwhelming. FBA is here to keep you up-to- date on information that pertains to you. With a change in the IRS regulations due to COVID-19, the information below contains general information in hopes to help shed some light on […]