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COVID and Employee Benefits: From Beginning to Now

COVID and Employee Benefits: From Beginning to Now

In February, President Biden further extended the National Emergency declaration, which is ongoing today. We are, however, beginning to see the light at the end of the tunnel as vaccinations increase. It’s been a long, tiresome road, and we wanted to recap on a few of the changes that came about due to the pandemic.

We put together a timeline of events describing how COVID has affected the employee benefits industry.

March 18, 2020: Families First Coronavirus Response Act

The FFCRA requires all employers with less than 500 employees and public employers,...

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Updates to the Medcom Bridge

Updates to the Medcom Bridge

New and exciting things are coming for the Medcom Compliance Bridge! Our Bridge team is always working to make the platform more efficient and easier to use, but this time we have a whole list of updates and more to come.  

The Bridge is an online platform created by Medcom to bridge the gap between brokers and our Compliance experts. Our intention is always to make Compliance experts and Compliance services as simple and accessible as possible. The Bridge brings all that right to you and cuts down on back-and-forth emailing. It allows you to request...

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Make the Most of the Medcom Bridge

Make the Most of the Medcom Bridge

The Medcom Bridge is our online Compliance platform for our broker clients and our Compliance team. The platform intends to streamline the process of ordering Compliance services for brokers. So, instead of getting lost in the email thread you can order, check on, and receive your Compliance documents all in one space! The Bridge has many functions, from requesting a proposal, to uploading documents to the document vault, to getting an instant Compliance checklist for your client! The Medcom Bridge offers many services and we are consistently updating the site to make it as clear and user friendly as...

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How The Pandemic Affects FSAs and Dependent Care

How The Pandemic Affects FSAs and Dependent Care

Medcom recently hosted a webinar discussing the changes the Pandemic made to our Flexible Spending Accounts and Dependent Care. Things are increasingly confusing, so we thought we would take a moment to lay out the changes and considerations moving forward. 

A Recap

In 2020, the IRS released Notices 2020-29 and 33. In these notices, the IRS stated they will allow unused amounts from FSAs to carryon over through December 31, 2020, for non-calendar year plans. This means that even if the calendar year plan ended in June 2020, the funds remaining in the participant's FSA were still available through...

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