covid-19s-impact-on-health-benefits-and-how-employers-can-mitigate-the-changes

COVID-19's Impact on Health Benefits and How Employers Can Mitigate the Changes!

Live Webinar | CEU Approved

  • 90 minutes

Government-mandated protocols and social distancing directives as a result of the COVID-19 pandemic have led to significant business interruptions and tremendous financial strain on employers. These measures may continue to disrupt businesses and the economy for the foreseeable future. As a result, employers are faced with difficult choices regarding their employees – including how to keep them working during this unprecedented time and for many employers possibly reducing employees’ hours, furloughing employees, or terminations – all of which can directly affect retirement plans and other types of employee benefit plans. In addition, a wave of new federal legislation affecting employee benefit plans, much of which is intended to provide relief to employees, is being rolled out.

On March 18, 2020, the Families First Coronavirus Response Act was signed into law. Among the new law’s many provisions is the requirement, effective as of the date of enactment, for group health plans to provide free novel coronavirus (COVID-19) testing and related services without copays, coinsurance or deductibles. This includes both in-person visits and telehealth visits but does not extend coverage to follow-up medical care that may be required based on COVID-19 test results.

Employers need to review their employee benefit plans and policies, as well as plan service provider contracts, to determine how employment decisions will affect employee benefit programs.

Session Highlights:

  • Understand the new laws and other guidance on coverage of COVID-19 testing and treatment

  • Weigh your options to extend coverage or waive premiums during a furlough, layoff, or reduction in hours

  • Administer COBRA during disruptions caused by the COVID crisis

  • Handle employee contributions while on furlough—and avoid possible penalties

  • Manage mid-year elections and FSA administration under cafeteria plansHIPPA Guidelines and temporary change

  • Cafeteria Plans and changes to enrollment

  • Expand coverage of telemedicine in a way that meets legal requirements and makes sense for your plan

  • Grasp how these changes affect health savings accounts

  • Steer clear of HIPAA privacy pitfalls

  • CARES Act Changes to Retirement Accounts, Health Plans and other Employee Benefits

  • Employer Health Insurance Expansion Under The Families First Coronavirus Response Act

  • Retirement PlansHealth & Welfare Plans

  • Deferred Compensation Plans and Executive Agreements

  • IRS, EBSA and PBGC Provide Further COVID-19 Relief for Benefit Plans

Who Should Attend:

  • HR Professionals

  • Benefit Administrators

  • Compliance Professionals

  • Leadership

  • Managers/Supervisor

  • Office Managers



You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Margie Faulk

Margie Faulk

Margie Faulk, a senior level human resources professional with over 14 years of HR management and compliance experience. A current Compliance Officer for HR Compliance Solutions, Margie has worked as an HR and Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors. This includes Federal Contracting in the defense, military, anti-Terrorism and Apache Helicopter Training Simulations with Federal Acquisition Regulations (FAR), Federal Sentencing Guidelines (FSG) and Office of Federal Contract Compliance Program (OFCCP). Margie is bilingual (Spanish) fluent and Bi-cultural.

Margie’s focus has expanded to Global Workplace Compliance in International, multi-state, multi-National, state and local workplace compliance which includes workplace compliance in other countries like the UK, Canada, France, Brazil, China, Africa, Mexico and India, just to name a few. Margie has created and presented seminars/webinars for many compliance institutes. These national training providers, offer compliance training to HR professionals, business owners and companies interested in having their company compliant with workplace and industry regulations. 

Margie holds professional human resources certification (PHR) from the HR Certification Institution (HRCI) and SHRM-CP certification from Society for Human Resources Management. Margie is a member of the Society of Corporate Compliance & Ethics (SCCE).

No Reviews Found

Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.



This webinar has been approved for 1.5 HR (General) re-certification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for re-certification credit.

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

Share this course with a friend
           

Newsletter

Get Notified about News, Webinars, Community & More