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COBRA Subsidy Update: IRS provides penalty relief and instructions for applying Employment Tax credits
Category: Employee Benefits, Employment, Health Care, Insurance Regulatory
On Tuesday, the IRS published Notice 2021-24, which provides penalty relief for an employer’s failure to timely deposit Employment Taxes[1] related to the American Rescue Plan Act’s (ARPA) COBRA subsidy credits. The Notice includes instructions to employers on how to apply COBRA Credits in…
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National Association of Insurance Commissioners (NAIC) 2021 Spring Meeting Summary
Category: Insurance Regulatory
The Mitchell Williams Insurance Regulatory team of lawyers attended the National Association of Insurance Commissioners (NAIC) 2021 Spring National Meeting which was held April 7-14. Even though virtual, the Meeting had a robust agenda with over 20 separate individual Committee and Task Force…
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DOL Publishes Model COBRA Notices and Premium Assistance Guidance
Category: Employee Benefits, Employment, Health Care, Insurance Regulatory
On April 7, 2021, the U.S. Department of Labor (DOL) posted model COBRA notices and issued FAQ guidance addressing the recently-enacted COBRA coverage subsidy. The FAQ guidance specifies that individuals may be eligible for premium subsidies from April 1, 2021 to September 30, 2021, if they are…
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MAY 27, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
Category: Coronavirus (COVID-19), Insurance Regulatory
As reopening continues, state regulatory guidance has slowed significantly with the exception this week being guidance on coverage for COVID-19 testing. Download the current chart here.
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TDI Announces CGAD Filing Not Required for Texas Domestic Insurers or HMOs
Category: Insurance Regulatory
During the last legislative session, Texas enacted Insurance Code Chapter 831 to adopt the corporate governance annual disclosure (“CGAD”) annual filing requirement for all Texas domestic insurers and HMOs. The purpose of the CGAD filing is to have insurers or insurance groups disclose information…
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