COBRA, Employee Benefits, P&A Group

American Rescue Plan Act: COBRA Subsidy

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA), which includes a new COBRA subsidy. The Act will impact qualified COBRA beneficiaries and provide more relief for Americans impacted by COVID-19. Employers will be required to act swiftly. Here is a summary of everything you need to know about… Continue reading American Rescue Plan Act: COBRA Subsidy

Flexible Spending Accounts, P&A Group

How to Use Your FSA Before the 3/15 Grace Period

The 3/15 grace period deadline is approaching but don't panic. Whether you have a significant balance remaining or just a few dollars left, the below tips can help you exhaust your Flexible Spending Account (FSA) and make the most of your plan. 3/15 Grace Period Review First, let's review what a grace period is. An optional… Continue reading How to Use Your FSA Before the 3/15 Grace Period

A Word from Joe Priselac, P&A Group

Happy Holidays & Cheers to 2021!

2021 is coming to a close and, with that, a sense of hope for a year that brings peace, healing and more joy to all.  While this year looked different to many of us, we persevered, nonetheless. P&A is continually appreciative of our clients and partners – for your trust in us to deliver a… Continue reading Happy Holidays & Cheers to 2021!

Employee Benefits, Flexible Spending Accounts, P&A Group, Pre-Tax Commuter Plans

Building a Successful Virtual Open Enrollment Campaign

If you’re re-imagining the Open Enrollment experience this year, you’re not alone.  Many employers are transitioning to a completely virtual Open Enrollment, using creativity and relying on fresh digital strategies to augment their Open Enrollment.  P&A Group can help create and deliver an Open Enrollment campaign that keeps your employees informed and engaged.  Consider three… Continue reading Building a Successful Virtual Open Enrollment Campaign

Employee Benefits, P&A Group

COBRA Extensions in the Time of COVID-19: Three Key Deadlines

As the coronavirus pandemic continues, more and more Americans are going on COBRA for their group health plans. With over 5 million Americans who lost insurance coverage this spring, that number isn't expected to go down anytime soon. In fact, studies are projecting that number to reach 10 million by December. Under Notice 2020-01, the… Continue reading COBRA Extensions in the Time of COVID-19: Three Key Deadlines

A Word from Joe Priselac, Flexible Spending Accounts, P&A Group

Virtual Open Enrollment: 3 Tips When You Enroll in a Flex Plan

For many of us, the normal workplace landscape has changed significantly this year. With many employers opting to host a virtual Open Enrollment, employees will need to keep an eye on their inbox for updates. When it comes to your Flexible Spending Account (FSA), here are three tips to consider during Open Enrollment. Know Your… Continue reading Virtual Open Enrollment: 3 Tips When You Enroll in a Flex Plan

Employee Benefits, Flexible Spending Accounts, P&A Group

P&A Group’s SmartFlex Program: How to Increase FSA Participation

P&A Group's SmartFlex e-mail program keep your workforce connected during Open Enrollment. Many employers and employees have quickly adapted to working from home during the coronavirus pandemic.  As the country continues to rebuild and operate in a COVID-19 era, many employees are still working remotely. With more employees home, communicating with your workforce is more… Continue reading P&A Group’s SmartFlex Program: How to Increase FSA Participation

P&A Group, Retirement Plan Services

CARES Act: Changes to Retirement Plans

The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, contains important changes to retirement plan vehicles, including changes to defined contribution and defined benefit retirement plans. Americans can expect the following changes to retirement plans. Early Withdrawals Waived for Coronavirus-Related Distributions Under Section 2202 of the CARES Act, the 10% early withdrawal penalty is… Continue reading CARES Act: Changes to Retirement Plans

Employee Benefits, Flexible Spending Accounts, Health Care Reform, Health Reimbursement Arrangements, P&A Group

2020 CARES Act: Employee Benefits Update

President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act or CARES Act on Friday, March 27. This bill is intended to help Americans by providing some financial relief as we continue to face the coronavirus pandemic. We are especially happy to see these legislative changes provide greater flexibility for account holders.   Employees enrolled… Continue reading 2020 CARES Act: Employee Benefits Update