News & Events

New IRS Guidance for Flexible Compensation Plans

The IRS issued two notices (2020-29 and 2020-33) that provide new guidance for flexible compensation plans (also known as Section 125 cafeteria plans), which employers may choose to follow.  Notice 2020-29 provides guidance permitting special modifications to flex plans as part of the response to the COVID-19 pandemic, while Notice 2020-33 provides new guidance on […]

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COBRA Deadline Extensions

As a result of the massive disruption to businesses due to COVID-19, the federal government passed a notice to address COBRA deadlines during this national emergency. On May 1, the Employee Benefits Security Administration (EBSA) issued Notice 2020-1, which creates an extension to the deadlines in conjunction with COBRA election, enrollment, and payment. This extension […]

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5 Important Actions For Your Self-Funded Plan

The COVID-19 health crisis has been difficult to navigate, especially for self-funded employers. The pandemic’s impact on your self-funded plan is daunting. Understanding these challenges and the financial implications is pivotal to the long-term health plan success. Developing a corporate strategy for your benefits program is critical.  To assist self-funded clients, here are 5 things […]

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Free Resources: Alleviate Stress For You & Your Employees

The coronavirus outbreak continues to stress you and your employees on so many levels. SISCO understands the toll this can take on well-being, productivity, and peace of mind. We created a stress management resource center for you, taking the burden of delivering stress management support to your employees off your plate. Posters topics include:  •  5 […]

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Free Download: Get A Summary of Relief Options Available to Small Businesses

Overcoming the financial challenges of the COVID-19 health crisis has proven difficult for many employers. As of Friday, March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted to provide $367 billion in relief for small businesses. SISCO understands this can be a daunting process. We have created a short summary to […]

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COVID-19 Emergency Group Health Plan Provisions

On March 18, 2020, H.R. 6201 (the Families First Coronavirus Response Act, the “Act”) was signed into law.  The Act, in response to the COVID-19 (coronavirus) pandemic, includes provisions that affect coverage under all group health plans, including grandfathered health plans, as specified below.  The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), […]

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CARES Act Dx & Preventive Care

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law on March 27, 2020, and the CARES Act includes the following provisions that affect benefits under your group health plan: COVID-19 Testing. The CARES Act amends the previously enacted Families First Coronavirus Response Act by expanding coverage for COVID-19 testing, […]

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Congress Passes Coronavirus Law Requiring Paid Employee Leave

On Wednesday, March 18, 2020, the U.S. Senate voted to approve a coronavirus relief bill (the Act) that was passed by the U.S. House of Representatives over the weekend. President Trump is expected to sign the bill into law. The Act requires employers to provide paid leave for some employees related to the coronavirus (COVID-19) […]

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Telehealth Considerations for COVID-19

COVID-19 continues to make a drastic impact on our daily lives. SISCO is here to help by communicating pertinent Health Plan information to ensure you are anticipating the forecasted needs of your members and making the necessary plan adjustments. Previously, we shared options for covering the cost of testing and/or treatment of COVID-19. However, your […]

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