The health of our businesses during these uncertain times may be called “sickly” but the health of your employees and your bottom line doesn’t have to be. While we know cigarettes are a danger to your health, we are just now learning the risks associated with vaping. This trendy new method of nicotine delivery may … Continued
On May 20, 2020, the IRS released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021. The IRS is required to publish these limits by June 1 of each year. These limits vary based on whether an individual has self-only or family coverage … Continued
The SBA released an Application for a Borrower to receive forgiveness under the Paycheck Protection Program (PPP) (SBA Form 3508). The Borrower must complete this application as directed in the instructions, and submit it to the Lender (or the Lender that is servicing your loan). Borrowers may also complete this application electronically through their Lender. … Continued
On March 13, 2020, President Trump issued the Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak and by separate letter made a determination, under Section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, that a national emergency exists nationwide beginning March 1, 2020, as the result … Continued
The traditional workplace of physical offices and desks has changed. The new normal we are all experiencing is the remote workplace. While some are adjusting to this change without any growing pains, some may find it difficult to transition. Follow these tips to help manage your time in this new space. SET UP A PHYSICAL … Continued
For many of us, the experience of working entirely from home is a new one. It has required us to rethink the way we work and function as a team. Many of the routines, patterns, practices, and processes we have created over time are no longer effective, and we’ve had to institute new means … Continued
The Internal Revenue Service (IRS) issued IRS Notice 2020-33 (Notice) that increases the limit for unused health flexible spending account (health FSA) carryover amounts from $500 to a maximum of $550 (carried over from a 2020 plan year to a 2021 plan year), as adjusted annually for inflation. Notice 2020-33 also clarifies the ability of … Continued
The Internal Revenue Service (IRS) issued IRS Notice 2020-29 (Notice) that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020 related to employer-sponsored health coverage, health flexible spending arrangements (health FSAs), and dependent care assistance programs (DCAPs). This notice also provides increased flexibility with respect … Continued
The Centers for Medicare & Medicaid Services (CMS) released a final rule for benefit payment and parameters for 2021. According to CMS, the final rule is intended to reduce fiscal and regulatory burdens associated with the Patient Protection and Affordable Care Act (ACA) across different program areas and to provide stakeholders with greater flexibility. Although … Continued
The Department of Labor (DOL) released updated Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) model notices and frequently asked questions (FAQs) providing general information on the updated model notices. The FAQs note that the DOL provides a model general COBRA notice and model COBRA election notice that plans may use to satisfy the requirements … Continued
Strategic Services Group (SSG)
is a privately-held employee
benefits consulting &
insurance brokerage firm.
HQ 248.601.3600 | 800.727.4114
245 Barclay Circle, Suite 200
Rochester Hills, MI 48307