To embed, copy and paste the code into your website or blog:
The DOL’s Employee Benefits Security Administration (EBSA) recently issued its annual inflationary adjustments to penalties that apply for violations of the Employee Retirement Income Security Act of 1974, as amended (ERISA). For 2021 the penalty amounts are as follows:
$2,259 per day for failure to timely file an annual Form 5500;
$1,644 per day for failure to file an annual Form M-1 (for multiple employer welfare arrangements only);
$1,190 per failure for failure to timely provide a Summary of Benefits and Coverage (for health plans only);
$161 per day, up to $1,613 per occurrence for failure to supply the DOL with plan information, such as a Summary Plan Description, upon request; and
Grace-Marie Turner is president of the Galen Institute.
The following is an open letter from 68 leaders participating in the Health Policy Consensus Group. The full list of signatories follows the letter.
Democrats in Congress have proposed a COVID-19 relief bill that includes provisions to dramatically increase government subsidies for health care coverage for millions of people who already have insurance while further expanding government control over health care.
The legislation would increase for more than two years government payments to insurance companies via the Affordable Care Act by:
Removing even the de minimis premium payments required of people earning less than 150% of the federal poverty level.
Over 33 Percent of Low-Paid Workers Lost Jobs During Pandemic
Banners reading no job no rent are displayed on a building in Washington, D.C., on August 9, 2020.
Eric Baradat / AFP via Getty Images
By
Economic crises shine a spotlight on a societyâs inequities and hierarchies, as well as its commitment to support those who are most vulnerable in such grievous moments. The calamity created by Covid-19 is no exception. The economic fallout from that pandemic has tested the nationâs social safety net as never before.
Between February and May 2020, the number of unemployed workers soared more than threefold â from 6.2 million to 20.5 million. The jobless rate spiked in a similar fashion from 3.8% to 13.0%. In late March, weekly unemployment claims reached 6.9 million, obliterating the previous record of 695,000, set in October 1982. Within three months, the pandemic-produced slump proved far worse than the three-year Great Recession of 2007-2009.