July 2021 | SSG Compliance Recap

July 2021 was a quiet month in the benefits industry, largely due to the summer vacation season and the July 4th Independence Day holiday.

Importantly, however, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, the “Departments”), issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping COVID-19 relief legislation signed in December 2020.

Additionally, the Internal Revenue Service (IRS) released Notice 2021-46 (Notice) to clarify lingering questions employer plan sponsors and other interested parties have been asking since the American Rescue Plan Act of 2021 (ARPA) became law in March 2020.

Download the full Compliance Recap to learn more about the No Surprises Act Interim Final Rule and additional IRS guidance on the American Rescue Plan Act of 2021.