Thu.Jan 07, 2021

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What Is “Transparency in Coverage” Cost-Sharing Disclosure, and Does It Apply to Our Health Plan?

ThomsonReuters

QUESTION: What is “transparency in coverage” cost-sharing disclosure, and does it apply to our company’s group health plan? ANSWER: “Transparency in coverage” refers to an Affordable Care Act provision that requires health plans and insurers to disclose certain cost-sharing information to participants, beneficiaries, enrollees, and, in some cases, the public.

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X Factors In the Business Valuation Formula

GCF Value

Professional Expertise, Insight, and Industry Experience Bring Crucial Context. Darren Mize, ASA January 7, 202 1. GCF was engaged to value a pharmacy and the lender quickly explained how “strong” the deal was even stating: “This is a slam dunk!” So, we began the due diligence process and immediately discovered: Whether you are a business owner , a lender , a business broker or financial advisor requesting a business valuation, you rely on the valuation company’s commitment to: Accur

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President Signs Consolidated Appropriations Act, Which Includes Many Employee Benefit Plan Provisions

ThomsonReuters

The appropriations and COVID-19 relief legislation passed by Congress in December 2020 has been signed into law by the President. The new law includes a variety of provisions affecting employer-sponsored benefit plans—some relating to the COVID-19 public health emergency and others with broader applicability. For more information, see our previous Checkpoint article.

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IRS Offers COVID-19-Related Relief for Valuing Personal Use of Employer-Provided Vehicles

ThomsonReuters

IRS Notice 2021-07 (Jan. 4, 2021). Available at [link]. The IRS has announced temporary COVID-19-related relief for employers and employees using the automobile lease valuation rule to determine the value of an employee’s personal use of an employer-provided automobile. In general, employers using the automobile lease valuation rule must start using it on the first day the automobile is made available to an employee for personal use and for all subsequent years (the commuting valuation rule may

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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DOL FAQs Address Expiration of FFCRA Paid Leave Provisions

ThomsonReuters

DOL Webpage: Families First Coronavirus Response Act: Questions and Answers. Available at: [link]. The DOL has posted new FAQs 104 and 105, addressing the recent expiration of the Families First Coronavirus Response Act (FFCRA) paid leave provisions. As background, the FFCRA required certain employers to provide paid sick leave and emergency childcare leave for specified reasons related to COVID-19 (see our Checkpoint article ).

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DOL Finalizes Prohibited Transaction Exemption for Investment Advice Fiduciaries

ThomsonReuters

Prohibited Transaction Exemption 2020-02, Improving Investment Advice for Workers & Retirees, 85 Fed. Reg. 82798 (Dec. 18, 2020). PTE 2020-02. Fact Sheet. The DOL has finalized its prohibited transaction exemption (PTE) allowing investment advice fiduciaries to receive reasonable compensation and engage in certain principal transactions, including as part of a rollover to an IRA.