News From and Curated by Keyser

Is life insurance taxable?

Life insurance can be complicated. It’s further complicated by the fact that everyone’s situation is different. It’s a good idea to contact your tax professional for advice about your situation, but here are some general things you should know.

Employers offer voluntary FFCRA-like leave

Many employers are providing voluntary Families First Coronavirus Response Act (FFCRA) leave, even though organizations aren’t sure if they will qualify for a tax credit for doing so.

Viewpoint: 9 trends that will shape work in 2021 and beyond

While there has been a lot of focus on the increase in the number of employees working remotely at least part of the time going forward, there are nine additional forces that I think will shape business in 2021.

2021 special enrollment period in response to COVID-19

Starting February 15 and continuing through May 15, Marketplaces using the HealthCare.gov platform will operationalize functionality to make a SEP available to all Marketplace-eligible consumers who are submitting a new application or updating an existing application.

Opt-out arrangements: Employer compliance considerations

Employers are often looking for ways to manage rising health care costs. One common approach they may consider is offering opt-out arrangements to their employees.

OSHA issues worker safety guidance for coronavirus protection programs

OSHA issued worker safety guidance for coronavirus protection programs on January 29, requiring greater input from employees and enhanced mask protections.

Congress requires accelerated mental health parity compliance

Health insurance issuers and employment-based group health plans face new federal requirements to demonstrate their mental health parity compliance.

W-2s may need correcting due to FFCRA

Some employers have been surprised by the new requirement to report wages paid for leave taken under the FFCRA, but W-2s can be corrected if already issued.

Life insurance from your employer usually isn’t enough

Life insurance from your employer is a valued benefit for millions of American workers, but the amount often falls short of what you actually need.

Garagekeepers Coverage

Managing your garage business can be challenging — you are responsible for many important aspects of your business, from advertising and accounting to ordering parts and managing employees. You may also be responsible for customer vehicles left in your care, triggering the need for garagekeepers coverage.

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