Evolution Healthcare

Knowledge Center

Rise of Rx Costs and Why You Should Care

September 26, 2020

The coronavirus (Covid-19) pandemic has caused most employers to rethink almost every area of their business as they struggle to survive.  While health insurance companies haven’t released their 2021 “renewal rates” yet, an analysis by Covered California estimates premiums could be increased anywhere from 4 to 40 percent. …
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COVID-19 Treasury and IRS Notices

May 27, 2020

Notices 2020-29 and Notice 2020-33

On May 12, the U.S. Treasury Department and the Internal Revenue Service (IRS) issued two notices that provide additional flexibility for employers with respect to cafeteria plans, health flexible spending arrangements (health FSAs), and dependent care flexible spending arrangements (dependent care FSAs):

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Summary of COVID-19-Related Regulatory Guidance Delaying Certain Participant, Plan Deadlines

May 12, 2020

The Department of Labor (DOL) and Treasury released guidance delaying certain participant deadlines. The rule is effective immediately and not subject to notice and comment.

Duration of Relief

The rule provides that in determining certain plan time frames, the duration of the “outbreak period” is to be disregarded. The outbreak period is the period from March 1, 2020 until 60 days after the end of the national emergency or another date announced by DOL and Treasury in a future notice.

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More than $300 Billion Added to Small Business Relief Program

April 24, 2020

An additional $321.3 billion has been infused into the Paycheck Protection Program, $310 billion of which is available for loans available through the U.S. Small Business Administration (SBA) designed to provide a direct incentive for small businesses to keep workers on the payroll.

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How is Evolution Healthcare helping our customers? Catch up on Evolution Healthcare’s latest COVID-19 resources. Read More.