How COVID-19 Act Impacts Employee Benefits

January 13, 2021

By: Aaron M. Pierce

As a bonus to Bond’s Jan. 12 webinar about the evolving legal implications of COVID-19 for business, Bond attorney Aaron M. Pierce recorded a short video to discuss how employee benefit plans were affected by the legislation passed by Congress and signed into law by President Trump (the Consolidated Appropriations Act of 2021 and the COVID-Related Tax Relief Act of 2020) at the end of 2020.

Aaron, part of Bond’s employee benefits and executive compensation practice, explains how the new law allows employers to change how they operate their flexible spending accounts (FSAs) to give employees more flexibility in managing their elections and using money leftover in their accounts at the end of the year. 

The full presentation covered the following topics:

  • Vaccinations Update
  • Update from Albany
  • Litigation Update
  • Year-End Appropriations and COVID-19 Act
  • COVID Cost Savings

Click here to view the webinar in its entirety or to register for upcoming Tuesday presentations.