Congress recently passed a $900 billion piece of legislation to aid struggling citizens, businesses, and the economy with the ongoing COVID-19 pandemic. Here is an overview of what the law provides for employers, especially for their health plans.
Changing Employer Benefit Contributions Midyear
Businesses sponsoring employee benefit plans may be inclined to consider employer contribution changes midyear in an effort to reduce spending. However, there are consequences of making such a change. Our column addresses the risks.