IRS/DOL Relief Guidance
OCA hosted a webinar on Tuesday, May 5, 2020 to address the recent IRS/DOL joint notice that provides relief for participants and plan sponsors from certain time deadlines due to the COVID-19 Pandemic.
Our status for today is Green
As we all continue to navigate the COVID-19 situation and its ripple effect on our businesses and personal lives, OCA continues to be laser-focused on protecting our clients and business operations to prevent any potential disruption to our service delivery. Given our shift to work-from-home operations and other proactive measures we have undertaken, we have decided to provide proactive updates as often as we can over the next week or two. Our intention is to give you complete confidence that we are here for you, and that you can expect “business as usual” from us. Tip of the day: During this time, employers should be aware of all their COBRA obligations, procedures, and timelines to ensure they remain in compliance with government regulations. Failure to comply with COBRA can lead to significant financial consequences. Visit OCA’s COBRA Compliance Toolkit by clicking here.
OCA’s latest COVID-19 Alerts
Communicating Open Enrollment During COVID-19
OCA's New FSA/HSA Open Enrollment Campaign With almost every employer implementing a work from home policy, open enrollment communication has become even more challenging for employers and their employees. OCA is excited to offer a new, optional, open enrollment FSA...
COBRA Legislation News
House Democrats Introduce New COVID-19 Bill That Would Help Workers Keep Job-Based Health Coverage House Democrats proposed a new bill, The Worker Health Coverage Protection Act, which would provide federal assistance to cover the full cost of COBRA premiums...
Paycheck Protection Program (PPP) and HRA Disbursements
Paycheck Protection Program (PPP) and HRA Disbursements Recently authorized under the CARES Act, the Paycheck Protection Program (PPP) makes loans available to small businesses (generally under 500 employees) to help retain workers and maintain payroll, or to...
The Families First Coronavirus Response Act (FFCRA)
The Families First Coronavirus Response Act (FFCRA), signed into law on March 18, 2020, requires small and midsize businesses to provide paid sick leave for employees sickened by COVID-19 or caring for someone who is. These businesses will then receive reimbursement...
Introducing Employee Relief Program (ERP)
When President Trump declared the Covid-19 pandemic a National Emergency in accordance with the Robert T. Stafford Disaster Relief and Emergency Assistance Act, he authorized employers to establish a Code Section 139 Qualified Disaster Relief Program ("Section 139...
Impact on HSA, FSA, and HRA Benefit Accounts
Impact on HSA,FSA, and HRA Benefit Accounts On Friday March 27th the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act was signed into law. The bill included a change impacting the use of funds from HSA, FSA, and in some instances HRA health...
COVID-19 Frequently Asked Questions
COVID-19 is an unprecedented, once-in-100 years global event, and we’re all learning to navigate it together as we go. OCA has provided a list of the most frequently asked legal and compliance questions related to the COVID-19 crisis and consumer-directed healthcare (CDH). The following is an overview of the types of situations that might arise as a result of the pandemic and whether such situations will permit an election change.
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